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Ralph plans to sell a piece of property for 150,000. Is short-term note and 11% interest and long-term note for 9% interest. Find the amount of each note if the total annual pai…

Ralph plans to sell a piece of property for 150,000. Is short-term note and 11% interest and long-term note for 9% interest. Find the amount of each note if the total annual pai…
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Ralph plans to sell a piece of property for 150,000. Is short-term note and 11% interest and long-term note for 9% interest. Find the amount of each note if the total annual paid it is 15,200

User Jacky Lau
by
7.8k points

1 Answer

5 votes

Answer:

Explanation:

Short term 166,500 (150000x.11 then add that answer to 150000)

Long term 163,500

User Abhas Tandon
by
8.4k points
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