Contemporary Business Mathematics with Canadian Applications Study Set 2
Quiz 7: Simple Interest
A Loan Payment of $1700 Was Due 60 Days Ago
A loan payment of $1700 was due 60 days ago and another payment of $1200 is due 45 days from now.What single payment 90 days from now will pay off the two obligation if interest is to be 14% and the agreed focal date is 90 days from now?
Explore answers and all related questions
Debt payments of $800.00 due now and $1400.00 due in five months are to be repaid by a payment of $1000.00 in three months and a final payment in eight months.Calculate the size of the final payment if interest is 6%.
Debt payments of $1610.00 due today,$725.00 due in 101 days and $670.00 due in 296 days respectively are to be combined into a single payment to be made 170 days from now.What is that single payment,if money is worth 9.5% p.a.and the agreed focal date is 170 days from now?
Debt payments of $2130.00 and $1794.00 are due five months from now and nine months from now respectively.What single payment is required to pay off the debt today if interest is 6.36%?
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved