Your friend wants to borrow $1,137.45 from you to pay off a credit card that charges a 14.7% apr. you agree to the loan but require your friend to pay you interest of 3.6% apr on the loan and your friend agrees. your friend pays you $200.00 at the end of the first month. how much goes toward the principal?

The westins and the shermans live in the same city and pay the same sales tax rate, and both families made $14,000 in taxable purchases last year. if the westins made $86,000 and the shermans made $33,000 last year, is the sales tax in their city an example of a regressive tax? yes, because the westins and the shermans both paid the same sales tax rate. b. no, because the shermans paid a higher percentage of their income in sales tax than the westins did. c. no, because the westins and the shermans both paid the same sales tax rate. d. yes, because the shermans paid a higher percentage of their income in sales tax than the westins did.