<span>Making a large down payment on a loan will decrease the overall amount of money borrowed and lower the APR. In addition, ensuring you have a high credit score will get you the best possible APR. The higher your credit rating, the more trustworthy you appear when it comes to paying back the loan.</span>
Answer:
a) 3,000
b) 396,850
c) 2,976.38
d) 393,873.62
Explanation:
a) principal x rate x time = interest
400,000 x 0.09 x 1/12 = 3,000
b) 6,150 - 3,000 = 3,150 principal payment
400,000 - 3,150 = 396,850
c) principal (carrying value) x rate x time = interest
396,850 x 0.09 x 1/12 = 2,976.38
d) 396,850 - 2,976.38 = 393,873.62
Answer:
money per person = $18.75 ×
ratio = 1.076 : 1
Explanation:
given data
people = 321 million
gross domestic product (GDP) = $17.419 trillion
solution
we know that Avogadro's no is = 6.02 ×
we get here each person receive dollar when avogadro no is divide people
total money = Avogadro's no pennies × ...........1
total money = $6.02 ×
so money per person will be
money per person =
money per person = $18.75 ×
and
when we compare it with GDP ratio will be
ratio = ..............2
ratio =
ratio = 1.076 : 1
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