jocelyncisneros97 jocelyncisneros97
  • 16-06-2020
  • Mathematics
contestada

The best interest rate for a borrower on a $5,000 loan for 5 years is:

Respuesta :

Аноним Аноним
  • 16-06-2020

Answer:

So, $83.40 should be paid monthly

Step-by-step explanation:

5000 divided by 5 = 1000

1000 should be paid yearly

1000 divided by 12 = 83.40

12 represents the number of months in a year.

Answer Link
chrissyboo189p3gs44
chrissyboo189p3gs44 chrissyboo189p3gs44
  • 16-06-2020
the answer is $83.40
Answer Link

Otras preguntas

Flowchart in programming
How are seat belts related to inertia? Write your answer in complete sentences.
- What are the pros and cons of using corporal punishment?
Transform the following passive sentences into active sentences - Their parents thought to be respected by them.
A paragraph about my favourite electronic device
This is my poem so far and I don't know what to do, but I feel like it's not good enough:It spawned like a vague shadow trying to uproot the walls. Like it want
19. MOWING Cordell is mowing his front lawn. His mailbox is on the edge of the lawn. Draw a reasonable graph that shows the distance Cordell is from the mailbox
A car is traveling at 55 minutes per hour. What is the cars speed in feet per second?
Briefly identify ONE historical situation in which the excerpt was produced. Briefly describe ONE argument made in the excerpt. Briefly identify ONE historical
Let X∼ Exponential (λ )and let t be a constant with 0 0 be any value.