This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest ... (Read 255 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest and amount due she will pay when the note is due.

Question 2

Adam Bergman took out a 3,500 simple interest loan at 12 interest for 18 months. His monthly payment is 213.44. After making payments for 12 months, his balance is 1,236.93. He decides to pay the loan off with his next payment. How much will his final payment be? How much interest will he save?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 24, 2018
Answer to Question 1

409.50, 4,609.50

Answer to Question 2

1,249.30, 31.34


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Gracias!

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com Female leopard in the Sabi Sands area of South Africa. Note the white spot on its tail, used for com
How to find the derivatives of exponential functions How to find the derivatives of exponential functions
How to find the anti-derivative of a function (Part 3) How to find the anti-derivative of a function (Part 3)
How to use right endpoints to find an expression showing the area of a function How to use right endpoints to find an expression showing the area of a function
How to find derivative using delta method of y=100x-13? please notice me! How to find derivative using delta method of y=100x-13? please notice me!
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library