Homework Help: accounting

Posted by Jennifer on Thursday, May 31, 2012 at 9:03pm.

The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan, including principle and interest, for the entire year?

accounting - Ms. Sue, Thursday, May 31, 2012 at 9:05pm
425 * 1.1575 = ?

Answer this Question

Related Questions

math - The annual interest rate for a customer’s loan of $425 is 15.75%. ...
math - The annual interest rate for a customer’s loan of $425 is 15.75%. ...
Math - The annual interest rate for a customer’s loan of $425 is 15.75%. ...
Accounting - The annual interest rate for a customer’s loan of $675 is 19....
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
Math - A customer requests a loan advance of $300 with an annual interest rate ...
Math - Henry invests $5,000 in a mutual fund with an annual interest rate of 7.5...
math - the total amount of interest on this loan of $6000 for 150 days is $210....
mathematics - The monthly loan payment was calculated at 119 payments of $330.38...
Finance - Mrs. Smith borrowed $20,000 from Last National Bank. She will repay ...

For Further Reading

First Name:
School Subject:
Answer: