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

Author Question: Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple ... (Read 161 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Feb 2, 2020

Question 1

Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar.

A = $9053.50, r = 13.5%, t = 17 months
◦ $7676
◦ $7605
◦ $7617
◦ $7600

Question 2

Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple interest loan for for 7 months at a rate of 7.25% . How much interest must he pay, and what is the future value of the loan?
◦ interest: $253.75 ; future value: $6253.75
◦ interest: $3045.00 ; future value: $9045.00
◦ interest: $253.75 ; future value: $6266.75
◦ interest: $276.82 ; future value: $6276.82
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by saliriagwu on Feb 2, 2020

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Feb 2, 2020
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 44% of students answer this correctly


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Feb 2, 2020
Excellent

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

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

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?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Relatively simple changes in Hox genes control limb formation in tetrapods. Relatively simple changes in Hox genes control limb formation in tetrapods.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Food delivery Food delivery
Is It Safe To Get Your Meals from a Food Truck? Is It Safe To Get Your Meals from a Food Truck?
Simple Decorating Techniques: Stencils Simple Decorating Techniques: Stencils
An athlete stretches a spring an extra 40.0 cm beyond its initial length. How much energy has ... An athlete stretches a spring an extra 40.0 cm beyond its initial length. How much energy has ...
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library