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Author Question: A financial obligation requires the payment of $25 000.00 in 12 months, $35 000.00 in 18 months, and ... (Read 128 times)

NClaborn

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on: Jun 6, 2019

Question 1

A promissory note for $7200.00 dated May 15, 2016, requires an interest payment of $740.00 at maturity. If interest is at 9.6% compounded monthly, determine the due date of the note.
◦ 23 July 2016
◦ 23 May 2017
◦ 21 Sep 2016
◦ 24 Aug 2017
◦ 11 Oct 2018

Question 2

A financial obligation requires the payment of $25 000.00 in 12 months, $35 000.00 in 18 months, and $30 000.00 in 30 months. When can the obligation be discharged by a single payment of $83 000.00 if interest is 6.5% compounded semi-annually?
◦ 4 months
◦ 5 months
◦ 9 months
◦ 6 months
◦ 11 months
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by NClaborn on Jun 6, 2019

mjenn52

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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.
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NClaborn

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it

xiaomengxian

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

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