flamejetrocket2 flamejetrocket2

02-04-2020
Mathematics

contestada

Jacey gets a $500
loan at a simple
annual interest
rate of 5%. She will
pay back the loan
in equal monthly
payments over one
year. How much is
each payment?

Respuesta :

lilgunter12 lilgunter12

02-04-2020

Answer:

She will have to pay 43.75$ monthly to fully pay the loan back in one year.

Step-by-step explanation:

5% of 500$ is 25 dollars.

add 500 + 25 = 525

divide 525 / 12 to represent the months of a year. = 43.75$

Answer Link

Otras preguntas

Which of the following igneous rock textures is most likely to have formed below the earth's surface? glassy aphanitic phaneritic obsidian

Can someone explain step by step how to do #16?

A meteor is what is seen when a _______ enters Earth's atmosphere and becomes visibly bright. A. meteoroid B. moon C. star D. man-made satellite

Somebody please help me on this question

What differentiates an autonomic reflex from a somatic reflex?

Infertility can result from problems with a woman's or a man's reproductive system, or from problems with both. What can increase a man's risk of infertility?

At what points does the curve r(t) = ti (6t − t2)k intersect the paraboloid z = x2 y2? (if an answer does not exist, enter dne.)

what is the domain of the following quadratic equation? f(x)=2x^2+5x-7

What is the ratio of escape speed from earth to circular orbital speed? ignore air resistance.

7th grade work please help and thank you!