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

Author Question: Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple ... (Read 230 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Feb 2, 2020

Question 1

Determine the present value, P, you must invest to have the future value, A, at simple interest rate r after time t. Round answer to the nearest dollar.

A = $9053.50, r = 13.5%, t = 17 months
◦ $7676
◦ $7605
◦ $7617
◦ $7600

Question 2

Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple interest loan for for 7 months at a rate of 7.25% . How much interest must he pay, and what is the future value of the loan?
◦ interest: $253.75 ; future value: $6253.75
◦ interest: $3045.00 ; future value: $9045.00
◦ interest: $253.75 ; future value: $6266.75
◦ interest: $276.82 ; future value: $6276.82
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by saliriagwu on Feb 2, 2020

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Feb 2, 2020
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 44% of students answer this correctly


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Feb 2, 2020
Gracias!

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

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?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Simple and Complex Carbohydrates Simple and Complex Carbohydrates
Covering the interior as soon as the vehicle comes in for service helps improve customer ... Covering the interior as soon as the vehicle comes in for service helps improve customer ...
Washing hands and removing jewelry are two important safety habits all service technicians ... Washing hands and removing jewelry are two important safety habits all service technicians ...
Start the valve adjustment procedure by first disconnecting and labeling, if necessary, all ... Start the valve adjustment procedure by first disconnecting and labeling, if necessary, all ...
This Powertrain Control Module (PCM) is located under the hood on this Chevrolet pickup truck. This Powertrain Control Module (PCM) is located under the hood on this Chevrolet pickup truck.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library