Sheet metals has an outstanding loan that calls for equal annual payments of $12,600.47 over the life of the loan. the original loan amount was $72,000 at an apr of 8.15 percent. how much of the third loan payment is interest? a) $5,868.00b) $4,725.89c) $4,896.48d) $5,009.16e) $4,687.53
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Ответ:
option (B) $4,725.89
Explanation:
Given:
Annual payment = $12,600.47
Principal amount = $72,000
Interest rate = 8.15% = 0.815
Now,
Principal amount paid = Annual payment - Interest paid
and,
Interest paid = Principle × interest rate
Balance = Principal amount - principal paid
Thus,
For year 1
Interest paid = 72000 × 0.815 = $5,868
Principal amount paid = $12600.47 - $5,868 = $6732.46
Principal remaining = $72,000 - $6732.46 = $65257.53
For year 2
Interest paid = principal remaining × Interest rate
Interest paid = $65257.53 × 0.815 = $5319.30
Principal amount paid = $12600.47 - $5319.30 = $7281.17
Principal remaining = $72,000 - $7281.17 = $57986.36
For year 3
Interest paid = principal remaining × Interest rate
Interest paid = $57986.36 × 0.815 = $4725.89
YearAnnual payment interest paid principal paid Balance
1 $12600.47 $5,868 $6732.46 $65257.53
2 $12600.47 $5319.30 $7281.17 $57986.36
3 $12,600.47 $4725.89
Hence,
the correct answer is option (B) $4,725.89
Ответ:
almost all
Explanation:
From around 500 people that boarded the ships heading to the colony, only around 60 people survived the journey. This means that the death rate is more than 80%.
Several factors contributed to this death. Miscalculations of supply made some of them died of hunger in the middle of the journey. A lot of them died from the diseases that infected them on the ship. Since they're stocked in the middle of nowhere, they couldn't find a proper medical help to treat them.