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Author Question: In order to purchase a truck Shandex Transport (ST) obtained a $50 000 loan for 5 years at 7.8% ... (Read 57 times)

Lisaclaire

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on: Jun 6, 2019

Question 1

Sam took a $5000 loan to build a deck in the backyard. The loan requires payments at the end of each quarter or 4 years. If the interest on the loan is 9% compounded monthly, what is the size of each payment Sam is required to make?
◦ $1321.64
◦ $376.08
◦ $353.98
◦ $332.80
◦ $447.83

Question 2

In order to purchase a truck Shandex Transport (ST) obtained a $50 000 loan for 5 years at 7.8% compounded semi-annually. The loan is structured to reduce the balance owing to $10 000 at the end of the 5 year period. How much are ST's payments at the end of each month?
◦ $868.84
◦ $834.79
◦ $1006.08
◦ $1070.11
◦ $804.87
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by Lisaclaire on Jun 6, 2019

cat123

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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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Lisaclaire

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Reply #2 on: Jun 6, 2019
TY


cat123

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Reply #3 on: Jun 6, 2019
You're welcome


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