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

Author Question: Devin purchased a $3500 bond paying 4.5% annual simple interest after graduating from college. It is ... (Read 976 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: May 5, 2020

Question 1

Suppose you borrow $8050 for a term of nine years at simple interest and % APR. How much is the total (principal plus interest) you must pay back on the loan?
◦ $260.82
◦ $2608.20
◦ $10,658.20
◦ $8310.82
◦ $8078.98

Question 2

Devin purchased a $3500 bond paying 4.5% annual simple interest after graduating from college. It is now 35 years later and he decides to cash in the bond. What is the value of this bond now? Round your answer to the nearest dollar.
◦ $8632
◦ $5513
◦ $3537
◦ $9013
◦ $16,336
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 tiffannnnyyyyyy on May 5, 2020

AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
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 45% of students answer this correctly


Lijchoj Muas

  • Newbie
  • *
  • Posts: 3
Reply #2 on: Sep 8, 2021
thank you


djhfbjdd

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Nov 30, 2021
thank you


« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Wasp ocelli (simple eyes) and dorsal part of the compound eyes; also showing fine, unbranched hairs Wasp ocelli (simple eyes) and dorsal part of the compound eyes; also showing fine, unbranched hairs
A Simple Model of the Learning Process A Simple Model of the Learning Process
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
College Band College Band
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Neuron Type Animation

For a complete list of videos, visit our video library