An investment of $12 000.00 earns an interest of $480.00. Calculate the time in months if the interest rate is 6%.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q34: Daniel's credit card statement last month showed
Q35: What rate of interest is paid if
Q36: In how many months will $9100.00 grow
Q37: Determine the number of days it will
Q38: What rate of interest is required for
Q40: Find the maturity value of $1080.00 invested
Q41: Compute the accumulated value of $6500.00 at
Q42: Find the present value of a debt
Q43: What principal will have a maturity value
Q44: Debt payments of $1610.00 due today, $725.00
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents