lovinglifeforever123 lovinglifeforever123

12-12-2015
Mathematics

contestada

An X-ray machine for animals costs$125,000. If the loan is for 10 years, an the interest paid is $65,625, what is the interest rate on the loan

Respuesta :

12-12-2015

The answer is 5.25%.

$65,625/10yrs=$6,562.50 per a year.

6,562.5/125000= .0525 which translates to 5.25%.

Answer Link

Otras preguntas

You run 6 miles in 1 hour. At this rate how long will it take you to run a marathon of 26 miles?

Mae-ying bought a package of paper priced at $1.98 and 2 pens priced at $0.48 each. the tax on the entire purchase was 18c. what was the total cost of the items

The weighted average of the masses of the stable isotopes of an element as they occur in nature is called the

−5y−10x=45 −3y+10x=−5 y= x=

What were three reasons for growing dissatisfaction with the british government?

If you had to put up a fence around a circular baseball field, you would need to know the _________?

Although the atmosphere was HOSTILE the meeting ended on.................terms

"and where is that band who so vauntingly swore, that the havoc of war and the battle’s confusion a home and a country should leave us no more? their blood has

The missouri compromise, the compromise of 1850 and the kansas nebraska act all deal with the issue of

What is the meaning of "equity" in production