Yep his right and it is shown to me good
Given:
Principal = 15,000
interest = 8.5%
term = 9 years
I = 15,000 * 8.5% * 9 years = 11,475
total amount after 9 years = 15,000 + 11,475 = 26, 475
Preterm after 2 years. wdl of 4,000. penalty is 6 months interest of 4,000
I = 4,000 * 8.5% * 6/12 = 170 amount of penalty
I = 15,000 * 8.5% * 2 years = 2,550 interest earned for 2 years
15,000 + 2,550 = 17,550
17,550 - 4,000 - 170 = 13,380 amount to be invested for another 7 years
I = 13,380 * 8.5% * 7 years = 7,961.10
total amount after 9 years with pretermination
13,380 + 7,961.10 = 21,341.10
Answer:
36/100
Have a great day! I'm trying to spread positivity with the corona virus going around so here you go
Suffering, pain, death, what we've been seeing so recent.
It's hard not to focus on it.
You can say the same thing in so many languages yet they mean the same.
Money can't save you from death, nor the things that take your life
we strive to see some happines in our life, smiles back on people faces.
Giving people hope is all theres left hope for a better future. Sad to say things will only get worst for a period of time but there is hope for the better future that will arrive in its own appointed time!
<em>*eliza*</em>