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

Author Question: What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%? (Read 148 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jun 6, 2019

Question 1

You owed $700.00 35 days ago, and you missed the payment. You also owe an additional $600 in 5 months. What single equivalent value is due if your focal date is today and you are paying at an interest rate of 8.46% on your debt?
◦ $1304.83
◦ $1285.25
◦ $1204.83
◦ $1403.83
◦ $1503.83

Question 2

What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?
◦ $99.83
◦ $119.80
◦ $1198
◦ $0
◦ $9.98
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 KWilfred on Jun 6, 2019

jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
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 39% of students answer this correctly


KWilfred

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 6, 2019
Excellent


jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 6, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Simple overview of photosynthesis Simple overview of photosynthesis
Evaluation of a child for cystic fibrosis with a sweat chloride test. Sweat is being collected under Evaluation of a child for cystic fibrosis with a sweat chloride test. Sweat is being collected under
The amount each injector is able to flow is displayed in glass cylinders are each injector for a ... The amount each injector is able to flow is displayed in glass cylinders are each injector for a ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Simple and Compound Leaves Simple and Compound Leaves
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library