jpersinger96 jpersinger96
  • 03-01-2018
  • Mathematics
contestada

If John has taken a loan of $60,000 at a yearly interest rate of 8 percent, what is John’s interest expense for every month?

Respuesta :

josiecope
josiecope josiecope
  • 30-09-2020

Answer:$7500 dollars per month

Step-by-step explanation:

Answer Link
jayk0311 jayk0311
  • 13-03-2022

Answer:

total interest for the year is $4800

$4800 / 12 = $400 monthly interest expense

so correct answer is $400

Step-by-step explanation:

A = $64,800.00

I = A - P = $4,800.00

Equation:

A = P(1 + rt)

Answer Link

Otras preguntas

X over 8 is greater than or equal to 1 . Solve & graph
which is not an improper fraction equal to 8?
20. (3 pt) Which Russian ruler enlarged the Russian empire and built a magnificent cathedral but ruled cruelly? A. Ivan III, the Great B. Basil, the Feared C. I
How to simplify 15/18
Carina will drive 4.5 hours at an average speed of 55 miles per hour to reach her parents' house. How many miles will she drive?
what are the main colors of art?
can a tank of oxygen gas ever be half empty? explain
what is 94= y over 4 -18 ?
explain how you know that 7/12 is greater than 1/3 but less than 2/3
How to simplify 15/18