Read the graph that displays interest and total payments on a loan.
A 3-column table titled Interest and Total payments 10,000 dollar loan over 5 years has 4 rows. The first column is labeled Interest rate with entries 5, 10, 15, 18 percent. The second column is labeled Monthly payment with entries 188.70, 212.50, 237.90, and 253.90. The third column is labeled Total paid with entries 11,322.00, 12,750.00, 14,274.00, and 15,234.00.
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Answer:
payments 10,000 dollar loan over 5 years has 4 rows. The first column is labeled Interest rate with entries 5, 10, 15, 18 percent. The second column is labeled Monthly payment with entries 188.70, 212.50, 237.90, and 253.90.
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Answer:
four rows of payments for a $10,000 loan spread over five years. Interest rate is listed in the first column with values of 5, 10, 15, and 18 percent.
Explanation: What you mean by interest?
When you borrow money, you must pay interest, and when you lend money, you must charge interest. The most common way to represent interest is as a percentage of a loan's total amount per year. The loan's interest rate is denoted by this proportion.
Which Interests Come in What Forms? Simple (regular), accruing, and compound interest are the three different types of interest. Examining your favourite pastimes, hobbies, and interests—things that compel you to naturally pay attention—can be a straightforward way to figure out what you are interested in.
Your potential majors and career options can be sparked by identifying your passions. What are individual interests? Activities that one enjoys doing in their own time are known as personal interests.
To learn more about compound interest refer to:
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https://brainly.in/question/2575179
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