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

NaCl is common table salt and is an ionic compound. Table salt can be stirred into water to create a salt-water solution. What happens to the solubility of sod
for 2 sweaters for that price what percent discount is that?
can you guys help me answer these!??
What was one way the Inca unified their empire? A. They built a powerful army to defend the empire. B. They allowed conquered people to elect rulers. C. They f
An atom that loses an electron is called a/an ____________. A.bond B.cation C.anion D.valence electron
can SPIROSTOMUM infect FISH
Examine this illustration title the sky is now her limit it was created in 1920 the year in which women in the United States achieved the right to vote
Can you please help me with Spanish homework, thanks. 1. Detrás del hospital ______ una farmacia. está \es\ hay 2. María es muy ________ , pero hoy está . • tr
Carolina y su hermana _________________ nerviosas porque tienen una entrevista mañana.
In what way was President Harry S. Truman successful in helping African Americans during his term?