Multiple Choice
Matty Kaminsky owns a new Volvo. His June monthly interest is $400. The rate is 8 ½%. Matty's principal balance at the beginning of June is (use 360 days) :
A) $65,740.58
B) $64,470.58
C) $65,704.58
D) $56,470.58
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Federal Reserve banks as well as the
Q11: Ordinary interest is never used by banks.
Q14: Simple interest usually represents a loan of:<br>A)One
Q22: Banks and other financial institutions sometimes calculate
Q22: To convert time in days, it is
Q31: July 10 to March 15 is 119
Q32: With interest of $1,832.00 and a principal
Q40: Interest = principal × rate.
Q56: The number of days between May 20
Q88: Interest of $1,632 with principal of $16,000