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Author Question: You owe $3572.75 in 147 days and have decided to pay off your loan early. Your interest rate is ... (Read 86 times)

itsmyluck

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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


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Marked as best answer by itsmyluck on Jun 6, 2019

potomatos

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itsmyluck

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Reply 2 on: Jun 6, 2019
Excellent


TheDev123

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

 

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