50+ PTS PLEASE HELP WILL GIVE BRAINLIEST A right rectangular prism has these dimensions: Length: 1 1/4 units. Width: 5/8 unit. H
2 answers:
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<u>The formula for the monthly payment</u>.....
, where P = the principal amount, r = the monthly interest rate and n = the total number of months.
Here annual interest rate is given as 4.5%
So, the monthly interest rate
Total number of months
Also given that, the principal amount is $225000
a. So, the monthly payment will be.....
Thus, the monthly payment will be approximately $1140
b. The <u>total amount paid</u> over the term of the loan will be:
c. As the principal amount was $225000 , so the amount of interest
So, the percentage of amount that is paid toward the principal
and the percentage of amount that is paid toward the interest
Answer: $ 4,515
Step-by-step explanation:
The cost of the car she wanted to buy = $35,550
Her savings = $20,700
That means she needs( $35,550 - $20,700) more in order for her to buy the car.
Amount borrowed from the finance company = $35,550 - $20,700
= $ 14,850
Since she now owes the financial company a total of $19,365, then the interest accrued by the loan she borrowed is given by:
$19,365 - $ 14,850
= $4,515