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

Author Question: Suppose you borrow $1250 for a term of 12 years at simple interest and 2.15% APR. How much interest ... (Read 64 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: May 5, 2020

Question 1

Suppose you borrow $825 for a term of six years at simple interest and % APR. How much interest must you pay on the loan?
◦ $390.19
◦ $117.56
◦ $107.42
◦ $235.13
◦ $11.76

Question 2

Suppose you borrow $1250 for a term of 12 years at simple interest and 2.15% APR. How much interest must you pay on the loan?
◦ $26.88
◦ $1572.50
◦ $32.25
◦ $268.75
◦ $322.50
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jenna1 on May 5, 2020

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: May 5, 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 50% of students answer this correctly


jenna1

  • Member
  • Posts: 568
Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

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?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
Checklist of Developmental Skills: Birth to 5 years Cont. Checklist of Developmental Skills: Birth to 5 years Cont.
Preschool: 3–6 years. Preschool: 3–6 years.
Post-term birth rates, by province/territory, Canada Post-term birth rates, by province/territory, Canada
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Earth 340 Million Years Ago Earth 340 Million Years Ago
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library