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

Author Question: Danny bought a camera from Future Shop for $385 at 3% p.a. rate and 4 equal quarterly payments. ... (Read 131 times)

tingc95

  • Hero Member
  • *****
  • Posts: 556
on: Jun 6, 2019

Question 1

Kennedy owed $925 to his friend a year ago and owed $600 to another friend 6 months ago. If he clears his debt today, what total payment is he expected to make, if the simple interest of 20% is applicable?
◦ $1525
◦ $1800
◦ $660
◦ $1110
◦ $1770

Question 2

Danny bought a camera from Future Shop for $385 at 3% p.a. rate and 4 equal quarterly payments. Determine the size of the quarterly payments if the agreed focal date is the date of the loan.
◦ $93.45
◦ $98.05
◦ $128.33
◦ $96.25
◦ $99.14
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 tingc95 on Jun 6, 2019

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
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


tingc95

  • Member
  • Posts: 556
Reply 2 on: Jun 6, 2019
Wow, this really help

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
Pharmacogenomics and the future of pharmacotherapy. Pharmacogenomics and the future of pharmacotherapy.
Fertility, Mortality, and the Net Rate of Reproduction in Sweden Fertility, Mortality, and the Net Rate of Reproduction in Sweden
Environmental Science: Toward A Sustainable Future, 13th Edition Environmental Science: Toward A Sustainable Future, 13th Edition
How to calculate invest at each rate How to calculate invest at each rate
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Video: Lipid catabolism ( ketogenesis and oxidation of glycerol) and Lipid anabolism (lipogenesis)

For a complete list of videos, visit our video library