You have loaned your roommate $2,000. Your roommate has agreed to repay the loan in two years. What is the monthly payment if he agrees to pay an interest rate of 6% compounded monthly?

What will be an ideal response?


Trades & Technology

You might also like to view...

In closed-loop control, a sensor is utilized to create a feedback loop for the ____________________.

Fill in the blank(s) with the appropriate word(s).

Trades & Technology

Follow the steps of the Systematic Approach of Section 14.4—that is, (1) identify the system, (2) determine whether the process is batch or rate, (3) construct a schematic diagram with inputs and outputs, (4) Label known material quantities or rates of flow and so on. A batch of 250 lb of sulfuric acid (90 percent concentrate) is needed. Unlimited supplies of 98 and 40 percent concentrates of sulfuric acid are available. How much of each is needed to produce the required 90 percent concentrate?

What will be an ideal response?

Trades & Technology

The most common convenience factors are ________.

A) Payment methods B) Location C) Hours D) All of the above

Trades & Technology

Which of the following is NOT a typical color type for field pea?

a. green c. yellow b. brown d. cream

Trades & Technology