need for B FINANCES CHAPTER ASSIGNMENT StudyForge Resources Mark Your Own Asstenment...

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Finance

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FINANCES CHAPTER ASSIGNMENT StudyForge Resources Mark Your Own Asstenment Instructions: 1. Answer each question below using the left column. Remember to show your thinking! 2. Submit your completed (unmarked) assignment in the submission box. 3. After teacher review, the answer key will become available. Mark your own work and use the right column show your corrections (if any). Please do not share the answer key. 4. Submit your marked/corrected assignment with reflection in the submission box. 1. Simple Interest: I = PRT a. You enter an agreement to pay 8% interest per year for 4 years, on an amount of $4500.00. How much interest can you expect to pay by the end of the term of this agreement? Start here Correction 8% for 4 year's 4500 8% =360 1,440 is How much intrest I will pay on this amount 4 year b. You have earned $1,850 in simple interest, after investing $9,250 for 4 years. What is the annual interest rate on this investment? Corrections Start here

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