This topic contains a solution. Click here to go to the answer
« previous next »
Pages: 1 2  All   Go Down

Author Question: A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now. ... (Read 4749 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
on: Jun 6, 2019

Question 1

An appliance store advertises a stove for $747.50 with nothing down, no payments and no interest for six months. Determine the cash value the store would be willing to accept if on a six-month investment, it can earn an interest of 4%.

Question 2

A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now. What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now?
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 audragclark on Jun 6, 2019

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
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 25% of students answer this correctly


FLORENCE GABRIEL

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Mar 22, 2020
thank you


Sunny Ngo Pham

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Mar 22, 2020
thank you


John Gibb

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Jun 11, 2020
Thank You


Kiersten Wicklander

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Oct 23, 2020
thank you


mommytotwo

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Nov 6, 2020
thank you


rangs1290

  • Newbie
  • *
  • Posts: 1
Reply #7 on: Nov 10, 2020
thank you


阿汤厨房

  • Newbie
  • *
  • Posts: 2
Reply #8 on: Feb 1, 2021
Thank you


Christelle Cajalne

  • Newbie
  • *
  • Posts: 1
Reply #9 on: Feb 11, 2021
thank you


Pages: 1 2  All   Go Up
« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Annual Mean Number of Days with Thunder Annual Mean Number of Days with Thunder
How to choose the right payment plan with changing conditions (Question 3) How to choose the right payment plan with changing conditions (Question 3)
Development of the Eyes and Ears: External View - 28 days Embryo Development of the Eyes and Ears: External View - 28 days Embryo
Find the equivalent replacement payments for the following scheduled payment. Find the equivalent replacement payments for the following scheduled payment.
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library