Question 2 (multiple choice)
Brad Clark took out a simple interest loan at 13% interest for 12 months. His previous balance is $619. What is the final payment if the loan is paid off with the next payment?
(Hint: First find the monthly interest rate and multiply it by the previous balance. This gives you the final interest charge. Then, add the interest to the remaining balance.)
A. $625.71
B. $621.00
C. $675.09
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Question 2 (multiple choice) Brad Clark took out a simple interest loan at 13% interest for 12 months. His previous balance is $619. What ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
All the following are examples of senioritis except A. not studying B. not taking school seriously C. taking a dual enrollment classes D. missing classes
Answers (1)
you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly.
Answers (1)
How division of labour could be used to make clay pots
Answers (1)
7. To maintain good balance in a horizontal relationship, you must A. work productively and share responsibility for the success of the team. B. work productively with your boss, but don't listen to coworkers' suggestions. C.
Answers (1)
Which of the following would most likely constitute a negative externality affecting free resources? Groundwater pollution Lower property taxes Lower property values New economic development
Answers (1)
New Questions in Business
Identify each value as either intrinsic or extrinsic. friendship income peace satisfaction health insurance
Answers (1)
What is the difference between purpose and objectives in setting goals for future.
Answers (1)
A 17-year, semiannual coupon bond sells for $948.63. The bond has a par value of $1,000 and a yield to maturity of 7.11 percent. What is the bond's coupon rate
Answers (1)
LLCs were created to protect business owners from liabilities while holding their partners responsible. protecting them from business losses. allowing earnings and losses on their personal tax returns. offering them a limited number of shareholders.
Answers (1)
Janice bought her house in 2008 for $395,000. since then, she has deducted $70,000 in depreciation associated with her home office and has spent $45,000 replacing all the old pipes and plumbing. she sells the house on july 1, 2017.
Answers (1)