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Author Question: Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple ... (Read 242 times)

saliriagwu

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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
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Marked as best answer by saliriagwu on Feb 2, 2020

Cnarkel

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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.
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saliriagwu

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Reply 2 on: Feb 2, 2020
Thanks for the timely response, appreciate it

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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