![tcham0201](/avatars/21988.jpg)
tcham0201
28.05.2020 •
Mathematics
Christina took out a $9,000 personal loan to remodel a portion of her home into an office for her new business. The loan has a 4-year term and a 5% interest rate. If Christina's monthly payments are $207.26, find the total cost of repayment and the interest Christina will pay on her loan.
Solved
Show answers
More tips
- F Food and Cooking Learn How to Make Ice Cream at Home - Step by Step Guide...
- H Health and Medicine When can it be said that a person has a normal pulse?...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- H Health and Medicine How to perform artificial respiration?...
- H Health and Medicine 10 Tips for Avoiding Vitamin Deficiency...
- F Food and Cooking How to Properly Cook Buckwheat?...
- F Food and Cooking How Many Grams Are In a Tablespoon?...
- L Leisure and Entertainment Carving: History and Techniques for Creating Vegetable and Fruit Decorations...
Answers on questions: Mathematics
- M Mathematics Please help I have no idea what to do. Look at picture...
- S Social Studies 3. it is time to elect the next president of the united states and you are a registered voter in the state of south carolina. because south carolina is dominated by voters from a...
- M Mathematics Aurbrey claims that if the dimensions of the pallerlorgrams will be 4 times more than the oringnal . Which statement about her claim is completely true...
Ответ:
-Total cost of repayment: $9,948.48
-Interest: $948.48
Step-by-step explanation:
As Christina took a loan with a 4-year term with monthly payments of $207.26, you can find the total cost of repayment by multiplying the monthly payments for 48 months:
$207.26*48= $9,948.48
The interest that Christina will pay on her loan can be calculating by subtracting the principal from the total cost of repayment:
$9,948.48-$9,000= $948.48
Ответ:
6+1+2=9 x 3= 27