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

Author Question: Suppose you borrow $1250 for a term of 12 years at simple interest and 2.15% APR. How much interest ... (Read 63 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: May 5, 2020

Question 1

Suppose you borrow $825 for a term of six years at simple interest and % APR. How much interest must you pay on the loan?
◦ $390.19
◦ $117.56
◦ $107.42
◦ $235.13
◦ $11.76

Question 2

Suppose you borrow $1250 for a term of 12 years at simple interest and 2.15% APR. How much interest must you pay on the loan?
◦ $26.88
◦ $1572.50
◦ $32.25
◦ $268.75
◦ $322.50
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jenna1 on May 5, 2020

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: May 5, 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 50% of students answer this correctly


jenna1

  • Member
  • Posts: 568
Reply 2 on: May 5, 2020
Great answer, keep it coming :)

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr
During drought years on the Galapagos, small, easily eaten seeds become rare, le During drought years on the Galapagos, small, easily eaten seeds become rare, le
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Homologous chromosomes during prophase I - Animation

For a complete list of videos, visit our video library