Mathematics, 17.02.2021 01:20, XAINEE
7. (4 pts) Goran took out a loan for $7400 that charges an annual interest rate of 8.9%, compounded
monthly. Answer each part and place your answers in the space provided.
(a) Find the amount owed after one year, assuming no payments are made.
Do not round any intermediate computations, and round your answer to the nearest cent.
$
(b) Find the effective annual interest rate, expressed as a percentage.
Do not round any intermediate computations, and round your answer to the nearest hundredth
of a percent.
%
Answers: 3
Mathematics, 21.06.2019 23:00, janeou17xn
Mike wants to make meatloaf. his recipe uses a total of 8 pounds of meat. if he uses a 3 to 1 ratio of beef to pork, how much pork will he use? enter your answer as a mixed number in simplest terms.
Answers: 1
Mathematics, 21.06.2019 23:40, thetudent41
Let x = a + bi and y = c + di and z = f + gi. which statements are true?
Answers: 1
7. (4 pts) Goran took out a loan for $7400 that charges an annual interest rate of 8.9%, compounded...
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