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

Author Question: Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest ... (Read 323 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Kia Chang signed a promissory note for 4,200 at 13 ordinary interest for 270 days. Find the interest and amount due she will pay when the note is due.

Question 2

Adam Bergman took out a 3,500 simple interest loan at 12 interest for 18 months. His monthly payment is 213.44. After making payments for 12 months, his balance is 1,236.93. He decides to pay the loan off with his next payment. How much will his final payment be? How much interest will he save?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 24, 2018
Answer to Question 1

409.50, 4,609.50

Answer to Question 2

1,249.30, 31.34


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

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

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Typical exhaust manifold gaskets. Note how they are laminated to allow the exhaust manifold to ... Typical exhaust manifold gaskets. Note how they are laminated to allow the exhaust manifold to ...
How to find the X and Y components of any vector How to find the X and Y components of any vector
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
How to use L’Hospital’s Rule to find the limit of a function (Part 1) How to use L’Hospital’s Rule to find the limit of a function (Part 1)
How to find the unknown angle of a triangle using the sine law (Part 2) How to find the unknown angle of a triangle using the sine law (Part 2)
How to quickly find the vertex of a quadratic equation that is in standard form How to quickly find the vertex of a quadratic equation that is in standard form
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library