Answer:
Explanation:
Rate of interest = 3.2 / 12 = .266667
No of terms = 12 x 30 = 360
amount = 176000
PMT = $ 761.14
Now the instalment is increased by 10% so
the instalment becomes = 761.14 + 76.11
= #837.25
No of years required from table
= 25.74 years.
The people pane displays social media data presented for some people who were limited within the header of the message in the reading pane, as well as attachments, appointments and notes related to those people. A people pane is a pane in outlook that shows a certain contact laterally with related data including photos, status communication or feed, calendar items, etc. on or after outlook and other networks.
Answer:
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Answer:
84%
Explanation:
APR is the annual rate of interest that is paid on an investment, without taking into account the compounding of interest within that year. APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied.
Divide the finance charge by the loan amount. In this case, $3,400 divided by $24,500 equals 0.138
Multiply the result by 365 to get 50.4
Divide the result by the term of the loan. In this case, 50.4 divided by 60 is 0.84
Multiply the result by 100 to turn the answer into a percentage 84%
