This topic contains a solution. Click here to go to the answer
« previous next »
Pages: 1 2  All   Go Down

Author Question: A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now. ... (Read 3323 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 6, 2019

Question 1

An appliance store advertises a stove for $747.50 with nothing down, no payments and no interest for six months. Determine the cash value the store would be willing to accept if on a six-month investment, it can earn an interest of 4%.

Question 2

A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now. What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by audragclark on Jun 6, 2019

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


FLORENCE GABRIEL

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Mar 22, 2020
thank you


Sunny Ngo Pham

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Mar 22, 2020
thank you


John Gibb

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Jun 11, 2020
Thank You


Kiersten Wicklander

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Oct 23, 2020
thank you


mommytotwo

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Nov 6, 2020
thank you


rangs1290

  • Newbie
  • *
  • Posts: 1
Reply #7 on: Nov 10, 2020
thank you


阿汤厨房

  • Newbie
  • *
  • Posts: 2
Reply #8 on: Feb 1, 2021
Thank you


Christelle Cajalne

  • Newbie
  • *
  • Posts: 1
Reply #9 on: Feb 11, 2021
thank you


Pages: 1 2  All   Go Up
« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
Colonial Trade with England, 1700–1774 Colonial Trade with England, 1700–1774
After 159 days,she paid a maturity value of $11,626, which included interest of $814. After 159 days,she paid a maturity value of $11,626, which included interest of $814.
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ... A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ...
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library