Answer:
Laura's monthly payment will be $501, and her total finance charge over the course of the loan will be $5,060.
Step-by-step explanation:
Given that in a 5-year loan with an annual interest of 7.5%, the monthly payments for every $ 1,000 are $ 20.04, taking into account that Laura took a loan of $ 25,000, to determine the monthly payments and the total interest to be paid, they must be made the following calculations:
20.04 x 25 = X
501 = X
Thus, the monthly payments that Laura will have to make will be $ 501.
(501 x 12 x 5) - 25,000 = X
30,060 - 25,000 = X
5,060 = X
In turn, the total finance charge will be $ 5,060.
Answer:
5x / (x - 4)
Step-by-step explanation:
(x + 1)/(x - 4) • 5x/(x + 1)
Method 1:
Cancel out x + 1
Leaving 5x/(x - 4)
Method 2:
(x + 1)/(x - 4) • 5x/(x + 1)
Multiply numerator and denominator separately
= 5x(x + 1) / (x - 4)(x + 1)
Cancel out (x + 1) in the numerator and (x + 1) in the denominator
= 5x / (x - 4)
Therefore,
(x + 1)/(x - 4) • 5x/(x + 1) = 5x / (x - 4)
Hence option a I believe is true
Answer:
The answer is $12,000. 12 months × $1,000 per month = $12,000 minimum annual base rent; $435,000 gross sales × 2% = $8,700. The tenant paid $12,000 because the minimum base rent was more than the percentage of gross sales.
Step-by-step explanation: