Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. compute the specified quantity.your total payment

Compute the specified quantity.Your total payment on a 8 year loan, which charged 9% annual...

90.2K

Verified Solution

Question

Basic Math

image

Compute the specified quantity.Your total payment on a 8 year loan, which charged 9% annual simple interest, amounted to $20,260. How much did you originally borrow (in dollars)? (Round your answer to the nearest cent.)$

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

Psychology
1.2K views

Describe Bandura’s social learning theory

Physics
1.2K views

Derive all the velocity components in relativistic transform, starting with the Lorentz transformations.

Biology
1.2K views

Question 3 What coefficient must be added to the product to balance the following equation...

Geometry
1.2K views

Convert 62C to degrees Fahrenheit.

Geometry
1.2K views

If a right circular cone must have a volume of 12 cubic meters then a...

Calculus
1.2K views

Given that cot 0 and 0 is in Quadrant II find sec 0 and csc...

Accounting
1.2K views

Aurora Inc. had the following transactions during 2019: Collected $4,050 of the Accounts Receivable....

Accounting
1.2K views

Required information E12-19(Algo) Reporting and Interpreting Cash Flows from Investing and Financing Activities with...

Accounting
1.2K views

Question 1 (10 points) Listen What effect will this adjustment have on the accounting records?...

Accounting
1.2K views

Which of the following represents a correct journal entry for the payment of rent? ...

Accounting
1.2K views

"We really need to get this new material handling equipment in operation just after the...

Accounting
1.2K views

Statement of Cash FlowsIndirect Method The comparative balance sheet of Whitman Co. at December 31,...