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Author Question: Suppose you borrow $3300 for a term of four years at simple interest and 12.5% APR. How much is the ... (Read 87 times)

nummyann

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  • Posts: 576
on: May 5, 2020

Question 1

Suppose you borrow $5400 for a term of eight years at simple interest and 3.78% APR. How much interest must you pay on the loan?
◦ $163.30
◦ $1632.96
◦ $5604.12
◦ $7032.960
◦ $204.13

Question 2

Suppose you borrow $3300 for a term of four years at simple interest and 12.5% APR. How much is the total (principal plus interest) you must pay back on the loan?
◦ $495.00
◦ $346.50
◦ $3465.00
◦ $1650.00
◦ $4950.00
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by nummyann on May 5, 2020

cloudre37

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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.
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nummyann

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Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it

upturnedfurball

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

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