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How much will you pay if your per deim interest is 7.00% for $100,000 monthly?

1 Answer

1 vote

Final answer:

If the per diem interest is 7.00% for $100,000 monthly, you will pay $7,000 every month.

Step-by-step explanation:

To calculate the amount you will pay if your per diem interest is 7.00% for $100,000 monthly, you can use the formula: Interest = Principal * Interest Rate. In this case, the principal is $100,000 and the interest rate is 7.00%. So, the interest you will pay monthly is: $100,000 * 7.00% = $7,000. Therefore, you will pay $7,000 every month.

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