Selma deposited a paycheck for $378.42. she’ll use the check register to record her transaction. what will be her new balance? a
1 answer:
The new account balance by deposit of $378.42 will be $3014.83.
<h3>What is addition?</h3>When anything is increased in the already existing quantity then it is termed the addition.
Now it is given in the question that
Selma deposited an amount of = $378.42
Account balance =$2636.41
Now the new balance will be = New amount + Previous balance
Thus new account balance by deposit of $378.42 will be $3014.83.
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Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal ×
or, A = 50,000 ×
or, A = 50,000 ×
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $ = $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer