It’s 0.3 because that’s the answer
Answer:
$894
Step-by-step explanation:
0.06 x 500 x 8^1.25 (-9)= 500+ 403 = $903-9= $894
1.25 = 1/8 of 1 (-9)
1=each power.
8th year = $843.75
9th year = $894
Semi annually you can do the same as 16/1 -17
Answer:
a.) 1908.30
b.) 96373.15
c.)302491.15
unrounded answers below
Step-by-step explanation:
The amount that is to be loaned out is 380000-110000=270000
The effective montly rate is .07/12=.005833333
a.)

b.)
use what is called the prospective method (the outstanding loan balance at time n is equal to the present value of the remaining payments)

c.)
total paid= 1908.303833*12*25=572491.1499
amount of loan: 270000
Total interest paid:
572491.1499-270000=302491.1499
Answer:
hmmmmmmmmmmmmmmmmmmmmmmmmm