The interest paid for the loan will be:
I=(PRT)/100
P=$749.25
R=12%
T=120 days=120/30=4 months=1/3 years
Hence:
I=(749.25×1/3×12)/100
I=$29.97
The proceeds will be:
Net proceeds=(gross proceeds)-(expenses)
=749.25-29.97
=$719.28
Answer:
1579
Step-by-step explanation:
There is a particular formula you must use and it leads to this 420(1 + 0.18)^8=1579
The answer is x=2 i hope this helps !!
Answer:
11 17/21
Step-by-step explanation: