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

Author Question: Dirk Propp borrowed $14 300.00 for investment purposes on May 19 on a demand note providing for a ... (Read 72 times)

rl

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

Question 1

Linda borrowed $19 000.00 on August 17. She paid $4500.00 on November 11, $5500.00 on December 8, and the balance on February 21. The rate of interest on the loan was 8.5%. How much did Linda pay on February 20? Use the declining balance method.

Question 2

Dirk Propp borrowed $14 300.00 for investment purposes on May 19 on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $1300.00 on June 28, $1450 on September 25, and $4200.00 on November 15. How much is the final payment on December 31 if the rate of interest was 11.5% on May 19, 8.21% effective August 1, and 6.35% effective November 1? Use the declining balance method.
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 rl on Jun 6, 2019

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
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 45% of students answer this correctly


rl

  • Member
  • Posts: 579
Reply 2 on: Jun 6, 2019
Excellent

Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
Retrograde pyelography (RP). Note the contrasting of the renal calyces, ureters, and bladder followi Retrograde pyelography (RP). Note the contrasting of the renal calyces, ureters, and bladder followi
Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d
Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ... Steel-toed shoes are a worthwhile investment to help prevent foot injury due to falling objects. ...
Schematic of a typical electronic throttle control (ETC) system. Note that terminal #5 is always ... Schematic of a typical electronic throttle control (ETC) system. Note that terminal #5 is always ...
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library