Ernie Bilko has a business idea. He wants to rent an abandoned gas station for just the months of November and December. He will convert the gas station into a drive-through Christmas wrapping station. Customers will drive in, drop off their gifts, return the next day, and pick up their wrapped gifts. He needs $332,200 to rent the gas station, purchase wrapping paper, hire workers, and

advertise. If he borrows this amount at 61% Interest for those two months, what size lump sum payment will he have to make to pay off the loan? (Round your answer to the nearest cent.)

Correction is the question: 6% = 6.5%

Amount to be repaid is $335798.833

Step-by-step explanation:

Amount of loan = $332,200

Rate of interest = 6.5%

time =  2months = 2/12 = 1/6 years

The amount of interest is simple interest

SI =

    =

    = $3598.833

Final amount to be repaid = 332200+ 3598.833

                                            = $335798.833

answer: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.

step-by-step explanation: if you weigh 60 pounds on earth, on the moon you will weigh about 10 pounds. if you weigh 120 pounds on earth, you will weigh about 20 pounds on the moon. since weight is caused by the mass of two objects that are near each other, the bigger the objects, the more the force of gravity.