Willard Hudson took out a simple interest loan of $6,000.00 at 10 percent interest for 24 months. His monthly payment is $276.60 After 4 payments the balance is $5,082.21. He pays off the loan when the next payment is due. What is the interest? What is the final payment? How much is saved by paying the loan off early?

9514 1404 393

  a) $42.35

  b) $5124.56

  c) $407.44

Step-by-step explanation:

a) The interest due is that for one month on the remaining balance:

  I = Prt

  I = $5082.21·0.10·1/12 = $42.35

__

b) The final payment is ...

  $5082.21 +42.35 = $5124.56

__

c) Had Hudson continued paying, he would have paid ...

  20·$276.60 = $5532.00

So, he saved ...

  $5232.00 -5124.56 = $407.44

according to the triangle sum theorem, all the angles in a triangle must add up to 180 degrees. if we know one angle is already 90, we do 180-90=90. the other 2 angles must add up to 90, exactly.

step-by-step explanation:

answer 1 : option "c"

answer 2 : option "d"

answer 3 : option "b"

answer 4 : option "d"

answer 5 : option "b"

answer 6 : option "a"

answer 7 : option "c"

answer 8 : option "d"

answer 9 : option "c"

answer 10 : option "d"

answer 11 : option "c"

answer 12 option "b"

answer 13 option "c"

answer 14 option "c"

answer 15 option "d"

answer 16 option "a"

answer 17 option "b"

answer 18 option "c"

answer 19 option "a"

answer 20 option "a"

answer 21 option "c"

d