Answer:
<em>Answer: D. Jake paid his loan in 12 months</em>
Step-by-step explanation:
Jake took out an interest-free loan of $2,401.56 from the bank to buy a car.
Since he has to pay no interest for the loan, the monthly payments are totally used to cover the amount of the loan.
He paid the bank $200.13 each month, thus the total months needed to pay the loan is:
Answer: D. Jake paid his loan in 12 months
I don’t know but I need the Points sorry for you
Answer:
3/13
Step-by-step explanation:
8/13 subtract by 5/13. If the denominator is the same, you keep it, don't change it. Just subtract the numerator.
Make sure to simplify, if it is already simplified that will be the answer.
Answer:
1. Melissa wants to check the accuracy of the finance charge on her promissory note. She has a $6,000, 4-year loan at an APR of 3.11%.
What is her monthly payment?
$133.10
3(5-2)
3x3 = 9
the answer is 9
