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Assuming your interest rate on the loan is 8. 6%. The additional margin generated will cover the interest payments.
<h3>Additional margin</h3>
Let determine the weekly interest
Weekly interest= 8.6% /12 x 60,000
Weekly interest= $99.23
Let calculate the amount left since the business generates $500 at a margin of 80
Amount left= 500 x 80%
Amount left= $400
Based on the above calculation we can see that the amount of $400 is sufficient enough to cover the $99.23 payments.
Inconclusion the additional margin generated cover the interest payments.
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The gene pair would be h,H because one is recessive and the capital letter is dominant
The type of recommended payment will depend on the type of period and earning amount, thereby more information is required to choose one option.
<h3>Which is the type of payment?</h3>
The type of payment generally makes reference to the period in which a person earns a particular amount of money.
For example, in a salaried payment option, an employee might earn more money per week than an hourly employee.
To determine the recommended payment it is required to obtain more information about monthly/weekly and day earning options.
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