Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. ann borrowed money from her credit union to invest

Ann borrowed money from her credit union to invest in the stock market She took...

70.2K

Verified Solution

Question

Basic Math

image

Ann borrowed money from her credit union to invest in the stock market She took out a personal amortized loan for 28 500 at an interest rate of 7 65 with monthly payments for a term of 1 year For each part do not round any intermediate computations and round your final answers to the nearest cent If necessary refer to the list of financial formulas a Find Ann s monthly payment b If Ann pays the monthly payment each month for the full term find her total amount to repay the loan 0 c If Ann pays the monthly payment each month for the full term find the total amount of interest she will pay 0 X 5 25

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

Either graphically or descriptively, describe how an individual firm in a perfectly competitive market with other...

Civil Engineering
1.2K views

The Wilson Wastewater Treatment Plant currently provides primary treatment for a flow rate of 2500 m3/day....

Physics
1.2K views

In the circuit shown in figure the capacitors are initially uncharged The current through resistor...

Physics
1.2K views

Six identical metallic rod as joined together in a pattern as shown in the figure...

Physics
1.2K views

c A particle of mass 2 00 kg located at position 7 2 3 2k...

Physics
1.2K views

1 A chain consist of 10 links each of mass 50 g is lifted vertically...

Basic Math
1.2K views

The residents of a small town and the surrounding area are divided over the proposed...

Algebra
1.2K views

16 x 2f x 2 x f x 2 x f x 2 flor g...

Accounting
1.2K views

Question 4: 14 Marks Acme Corporation sold the following number of shares for...

Accounting
1.2K views

At the end of May, SDSU Aztecs factored (without recourse) $200,000 in accounts receivable with...

Finance
1.2K views

will upvote if correct Score: 0 of 1 pt 1 of 9...

Accounting
1.2K views

How is cost of goods sold classified in the financial stateme O A. As a...