27. Which of the following statements accurately defines simple interest? A. Interest calculated on a decreasing balance. B. Interest earned only on the principal amount. C. Interest calculated at a fixed rate for a specific period. D. Interest earned on both the principal and accumulated interest.

Deuda Estudiantil ITen cuidado! Tips para que me presten dinero Diferentes formas de Pagar el Capital El contenido está completamente reflejado e identificado en los videos de la plataforma de Feme.

Deuda Estudiantil iTen cuidado! Tips para que me presten dinero Diferentes formas de Pagar el Capital El contenido está completamente reflejado e identificado en los videos de la plataforma de Feme.

The Franklins bought a house for \( \$ 262,000 \). They put \( 20 \% \) down and financed the rest with a thirty-year loan at \( 5 \frac{3}{8} \% \). (a) Find their monthly payment. (Round your answer to the nearest cent.) \( \$ 1173.70 \) (b) If they paid an extra \( \$ 85 \) per month, how early would their loan be paid off? (HINT: This involves some trial-and- (Hr

Suppose that \( \$ 8500 \) is placed in an account that pays \( 17 \% \) interest compounded each year, Assume that no withdrawals are made from the account, Follow the instructions below, Do not do any rounding. (a) Find the amount in the account at the end of 1 vear. (b) Find the amount in the account at the end of 2 years. \( \$ 11637.15 \)

A car salesperson earns \( \$ 900 \) each month plus \( 6 \% \) commission on her monthly car sales. If she sells \( \$ 58,000 \) worth of cars on a given month, which of the following is her total monthly salary? A. \( \$ 4,380.00 \) B. \( \$ 3,534.00 \) C. \( \$ 3,480.00 \) D. \( \$ 3,426.00 \)