3 years ago

You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?

Mathematics

1 answer:

Sergeu [11.5K]3 years ago

5 0

Answer:

c. 1,417

Step-by-step explanation:

200,000 (8.5%) = 17,000

17,000 / 12 = 1,416.67 or 1,417

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