The buyer will be paying taxes for 185 days, so will pay
... (185/365)·$8200 = $4156
Your most appropriate choice seems to be $4178, which corresponds to 186 days' taxes.
_____
There are 30 days in each month in the last half of the year, plus 1 additional day in each of July, August, October, and December. The 30th of June also belongs to the buyer (but the 29th, closing day, does not), so there are 180+5 = 185 days for which the buyer must pay taxes. The answer choices don't include that value.
Answer:
28%
Step-by-step explanation:
<u>Divide the numerator by the denominator in order to convert this fraction into a decimal.</u>
7/25 = 0.28
<u>Multiply the decimal by 100 to convert into a whole number.</u>
.28 * 100 = 28
<u>7/25 converted into a percent is 28%.</u>
Answer:
Step-by-step explanation:
we know that
The simple interest formula is equal to
where
I is the Final Interest Value
P is the Principal amount of money to be invested
r is the rate of interest
t is Number of Time Periods
in this problem we have
substitute in the formula above
Solve for t
Convert to percent form
To solve this problem you must appply the formula for simple interest, which is:
I = RxPxN
I: Simple Interest.
R:Rate (9.5$/100=0.095/12).
P: The principal (P=$9000).
N:number of periods (N=24).
When you substitute these values into the formula, you obtain:
I=RxPxN
I=(0.095/12)x9000x24
I=$1710
Therefore, the monthly payment is:
$1710/24=$71.25
What is Jerry's monthly payment?
The answer is: Jerry's monthly payment is $71.25
