Author Question: You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest rate is ... (Read 93 times)

itsmyluck · **on:** Jun 6, 2019

Question 1

You currently owe $1400 today and $2317 in 195 days at a rate of interest of 7%. What is the single equivalent payment 150 days from today?
◦ $2297.81
◦ $3737.45
◦ $2279.81
◦ $2297.18
◦ $2279.18

Question 2

You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest rate is 6.52%. What is the size of the cheque that you write today to pay off all of your debt?
◦ $3481.33
◦ $3814.33
◦ $3381.33
◦ $4381.33
◦ $3581.33

potomatos · **Reply #1 on:** Jun 6, 2019

A FREE account is required to view all solutions!

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 55% of students answer this correctly