The answer you have selected is correct. The answer to this question is 90.
Answer:
1075/42
Step-by-step explanation:
Answer:
I'm guessing its b, but I'm not too sure
Step-by-step explanation:
Answer:
$614.62
Step-by-step explanation:
The monthly payment is calculated using the formula:
where:
- M= monthly payments
- P= the amount borrowed
- r= annual interest rate
- n=total number of monthly payments.
Given the amount borrowed is $7,000, r=9.75% and n=1*12=12 months, the monthly payments can be calculated as:
Hence, the monthly payments are $614.62