Answer:
good and you
Step-by-step explanation:
Answer:
3
Step-by-step explanation:
Answer:
B.
Hope that helps!
Step-by-step explanation:
Given:
Principal = 15,000
interest = 8.5%
term = 9 years
I = 15,000 * 8.5% * 9 years = 11,475
total amount after 9 years = 15,000 + 11,475 = 26, 475
Preterm after 2 years. wdl of 4,000. penalty is 6 months interest of 4,000
I = 4,000 * 8.5% * 6/12 = 170 amount of penalty
I = 15,000 * 8.5% * 2 years = 2,550 interest earned for 2 years
15,000 + 2,550 = 17,550
17,550 - 4,000 - 170 = 13,380 amount to be invested for another 7 years
I = 13,380 * 8.5% * 7 years = 7,961.10
total amount after 9 years with pretermination
13,380 + 7,961.10 = 21,341.10
5/12-1/6 is the correct answer.
