Abuyer took out a $6,000 loan for 10 years at 10.5% interest. the buyer made principal payments of $75 a month on the loan in addition to interest. what would be the principal loan balance after 6 months of payments?
Solved
Show answers
More tips
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Business
- B Business i can do well in a challenging situation without being a credit to my race...
- B Business Is the development and support of it systems by knowledge workers with little or no from it specialists?...
- B Business Identify the element or elements associated with these items. Items The element (a) Arises from peripheral or incidental transactions. select an element (b) Obligation...
- B Business Which of these is a reason why many don t support globalization? A. It leads to increased environmental-protection costs. B. It gives too much power to repressive governments....
- B Business Explain the difference between a depository institution and a non-depository institution....
- B Business Help Aid, a non-profit organization in Indonesia, works at providing education in under-developed countries. They are now looking to hire a teacher who can educate children...
- B Business You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project s costs. Costs associated with transferring...
- B Business The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories...
- B Business measures how many consumers in a market are familiar with the brand and what it stands for and have an opinion about it....
- B Business Tomey Corporation has two production departments, Forming and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each...
Ответ:
$5,550
Explanation:
Given:
Principle amount of the loan = $6,000
Duration of the loan = 10 years
Rate of interest = 10.5%
Principle payment made each month = $75
Now,
The total principle amount paid in six months
= Principle payment made each month × 6 months
= $75 × 6
= $450
Now,
the principle amount payment is made on addition to the interest, therefore no interest will be due after 6 months
Hence,
the principle loan balance
= Principle loan amount initially - Total principle paid
= $6,000 - $450
= $5,550
Ответ:
a) + x direction, b)
.
Step-by-step explanation:
a) According to the Cartesian plane, an eastward translation implies a movement in the +x direction.
b)