What would the monthly payment be for a $5,000 loan with a 6.25% interest rate compounded monthly spread over 60 months? a. $25.31 b. $97.25 c. $217.00 d. $320.95

Option b - $97.25

Step-by-step explanation:

Given : A $5,000 loan with a 6.25% interest rate compounded monthly spread over 60 months

To find : What would the monthly payment ?

Solution :

Formula of monthly payment

Discount factor

Where, Amount = $5000

Rate r= 6.25%=0.0625

Time = n=60 months

Now, put all the values we get,

Monthly payment,

Approximately The monthly payment is $97.25.

Therefore, Option b is correct.

your answer is the last one

step-by-step explanation:

divide the length of a'c' by the length of ac to get a scale factor of two

& then reflect vertically (over the y-axis)

so your answer is dilation by a scale factor of 2 followed by reflection over the y-axis

50 min

step-by-step explanation:

they will be decreasing both their times in half

60 / 2 = 30

40/2 = 20

30 + 20 = 50