Answer:
you are supposed to divide it
Step-by-step explanation:
41divided by 85=
Answer:
Im pretty sure that the answer would be choice f.
Step-by-step explanation:
"every dollar" means P = 1
compounded monthly interest means 12
1(1+(.129/12)^(12(1)) =
in calculator do pemdas
1. .129/12 = 0.01075
2. 0.01075 + 1 = 1.01075
3. (1.01075)^12 = 1.136907156 =
answer = 1.14
Mayfield schools
lcps
Idk howbto help u it could be 67 for all i know
Answer:
a) $13588.08
b) $688.08
Step-by-step explanation:
Melissa had to purchase $12,900 worth of machinery for her business.
She made a down payment of $2100 and after that made monthly payments of $478.67 for the business loan for the rest.
Given that after years of paying monthly payments of $478.67, she finally paid off the loan.
Assume that she took 2 years to repay the loan.
a) Therefore, the total amount Melissa ended up paying for the machinery was $[2100 + (478.67 × 24)] = $13588.08 (Answer)
b) Therefore, the amount of interest that Melissa pay on the loan is $(13588.08 - 12900) =$688.08. (Answer)