Question 9 A person owes $200 due in 3 months and $800 due in 9...

90.2K

Verified Solution

Question

Finance

image
image
Question 9 A person owes $200 due in 3 months and $800 due in 9 months. What single payment 6 months from now will pay off both debts if interest is at 8%? Answer saved Marked out of 100 tFlag question Select one: a $1020 b. $1000 $1012.08 d. 9988.31 Clear my choice Question 10 And On June 1, 2010 Chris borrows $2000 at 12%. He pays $800 on August 17 and $400 on November 20 of 2010 and $500 on February 2, 2011. What is the balance due on April 18, 2011? 100 Prag Select one: $33165 -b5203 90 $414.97 Od $300 Ce my choice Progress Repon 03.docx Jump to 40 SI AD cation Intro Question 6 What amount must be invested to accumulate to a value of $11,000 in 180 days if the interest rate is 787 Marked out of 100 Flag question Select one: a $11,489 20 b. $11,487.58 c. $11,502.92 O d. $11,603.48 Clear my choice Question 7 Awwers What principal must be invested at an annual interest rate of 3% for 180 days to earn $35.75 interest? Marked out of 100 Select one: a $2416 Ob $2383 OG $2248 d. $1192 Gun Clear my choice Q8 You have invested $2500 in a 30-day savings certificato paying 4.15% per annum. Find the amount of the investment at the end of 30 days med Select one 052551.88 cb 5249150 O $2003.75

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students