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

Author Question: South Penn Tracking is financing a new truck with a loan of 10,000 to be repaid in 5 annual ... (Read 17 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jul 10, 2018
South Penn Tracking is financing a new truck with a loan of 10,000 to be repaid in 5 annual end-of-year installments of 2,504.56. What annual interest rate is the company paying?
 
  A) 7
  B) 8
  C) 9
  D) 10
  E) 11

Question 2

Approximately how much must Tiffany invest today to accumulate 10,000 in ten years if she can earn 10 compounded annually? (Round to the nearest whole dollar)
 
  A) 4,225
  B) 3,753
  C) 5,349
  D) 3,855
  E) 2,973


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

D


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

South Russian Ovcharka South Russian Ovcharka
Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The Major trunk lines carrying long-distance traffic crisscrossed the area east of the Mississippi. The
Removing the bed from a pickup truck makes gaining access to the fuel pump a lot easier. Removing the bed from a pickup truck makes gaining access to the fuel pump a lot easier.
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library