Rochelle Destin bought a new Buick Enclave. Her monthly January interest was $294.00. The current rate of interest is 9%. Assuming a 360-day year, what was Rochelle's balance at the beginning of January?
What will be an ideal response?
$39,200
P = 294 / (.09 × 30/360) = $39,200
Business
You might also like to view...
What are the two fundamental components of data structures?
Business
Environmental issues are generally covered in _____
a. social responsibility b. consumer rights c. ethics d. consumerism
Business
The proportion of foreign or foreign-born workers grew in European countries that are primary destinations for people from neighboring countries in _____________.
a. Asia b. Eastern Europe c. United Nations d. Northern Ireland
Business
In what ways do retailers add value to products?
What will be an ideal response?
Business