Gerritt wants to buy a car that costs $26,750. The interest rate on his loan is 5.33 percent compounded monthly and the loan is for 7 years. What are his monthly payments

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?