A Chief Executive Officer of an investment firm receives a gross salary of $775,000 per annum. a. What is his periodic gross payments if he is paid monthly? Round to the nearest cent b. What is his periodic gross payments if he is paid bi-weekly? Round to the nearest cent

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Q: As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI…

A:

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A: answer is in next step . please give a like !!

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A: Given,

Q: As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI…

A: For solving this given problem:

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A: According to the given information, P=$10000 n=25 years Annual rate=3%=0.03

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A: To Find: The monthly payments and the total interest for the loan.