Action Machining Company purchased a robot-controlled lathe for $235,000 and financed the full amount at 9% annual simple interest for 5 years. The simple interest on the loan is $105,750. Find the monthly payment. Round your answer to the nearest cent.
A) $5679.17
B) $4543.33
C) $3916.67
D) $1762.50
E) $2154.17
A) $5679.17
Mathematics
You might also like to view...
Use a graphing calculator to display the solution of the given inequality or system of inequalities.y > 
x2y < 2 + e-x
A. 
B. 
C. 
D. 
Mathematics
Determine the size of the matrix.
A. 3 × 2 B. 3 C. 2 × 3 D. 6
Mathematics
Evaluate the square root. If the answer is not a real number, state so.
A. 
B. not a real number
C. 7
D. 2401
Mathematics
Evaluate the double integral.
A. 
B. 
C. 
D. 
Mathematics