Sam is getting ready for a big date when he realizes that he has no money. his roommate, Bill, also has no money, but he has a c

Question

3 years ago

6

Sam is getting ready for a big date when he realizes that he has no money. his roommate, Bill, also has no money, but he has a c

redit card. knowing that nobody will let Sam use Bill's credit card, Sam asks Bill to put out a cash advance for $120.00. Bill agrees under the condition that Sam is responsible for all interest that accrues on the cash advance which is 30% interest rate, compounded monthly. The $120 cash advance is repaid in monthly installments over 5 years. How much should Bill ask Sam to pay in interest for the cash advance?

Mathematics

2 answers:

tiny-mole [99] · Answer 1 · 2022-09-25T03:50:00+03:00

tiny-mole [99]3 years ago

8 0

Answer:

b 112.80

Step-by-step explanation:

took test on edge

enyata [817] · Answer 2 · 2022-09-25T01:43:53+03:00

enyata [817]3 years ago

7 0

Answer:

$112.80

Step-by-step explanation: