Chemistry, asked by prakashpatel9427, 12 days ago

Raymond borrowed $3,000.00 from Loans R Us Company. The line of credit agreement provided for repayment of the loan in equal monthly payments of $668.76 which includes interest of 9.00 % per annum calculated on the unpaid balance.
a. What is the monthly rate of interest?
b. Calculate the outstanding loan balance at the end of the third payment
c. What are the total interest charges?
d. How many payments are required to pay off the loan
e. What is the final Payment

Answers

Answered by siddharthsharma2706

0

Explanation:

Raymond borrowed $3,000.00 from Loans R Us Company. The line of credit agreement provided for repayment of the loan in equal monthly payments of $668.76 which includes interest of 9.00 % per annum calculated on the unpaid balance.a. What is the monthly rate of interest?

i hope i it will help you.

Previous Question

Next Question

Similar questions

Science, 6 days ago

Example for natural indicator is it: a)turmeric b)hibiscus c)beetroot d)all of the above...

English, 6 days ago

discuss the climatic conditions required for lumbering activities...

Social Sciences, 6 days ago

how can we say Mahmud was impressed by some of the building in India ?.

Social Sciences, 12 days ago

1] Name the river that separates India into two...

Computer Science, 12 days ago

what is Inline function in C++...

Math, 8 months ago

1. Find the simple interest and amount, if (a) P= 10,800; R = 2% p.a. and T = 3 years (b) P = 5,620; R = 45% p.a. and T = 4 years (c) P=30,800; R = 5% p.a. and T = 5 years 6 months (d) P = 45,000; R = 8% p.a. and T= 8 years...

Chemistry, 8 months ago

chemical equation in which number of atoms of each elements is same on the sides of reactants and products is called........ 2 points Unbalanced equation Balanced equatioin Reactants Products ...

Chemistry, 8 months ago

er in detail. Explain the characteristics of air as a mixture of gases dimide as well as nitrogen. Expl...