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

Author Question: The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future ... (Read 83 times)

leilurhhh

  • Hero Member
  • *****
  • Posts: 560
on: Feb 2, 2020

Question 1

The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent.

P = $500, r = 6.25%, t = 7 months
◦ $519.89
◦ $718.75
◦ $523.23
◦ $518.23

Question 2

The principal P is borrowed at simple interest rate r for a period of time t. Find the loan's future value, A, or the total amount due at time t. Round answer to the nearest cent.

P = $11,000.00, r = 9%, t = 150 days
◦ $11,406.85
◦ $159,505.00
◦ $11,425.50
◦ $11,412.50
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 leilurhhh on Feb 2, 2020

flannelavenger

  • Sr. Member
  • ****
  • Posts: 322
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 29% of students answer this correctly


leilurhhh

  • Member
  • Posts: 560
Reply 2 on: Feb 2, 2020
Great answer, keep it coming :)

Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

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?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Effects of growth rate on development. Effects of growth rate on development.
Overview of the cell’s principal chemical building blocks Overview of the cell’s principal chemical building blocks
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
Embryonic Period Embryonic Period
Embryonic Period Embryonic Period
Differentiation-find the derivative by the delta method Differentiation-find the derivative by the delta method
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library