The manager of a franchised kindergarten borrowed $46,000 on October 30 at 12% simple interest. Find the interest due on March 15.
Answer to relevant QuestionsSamantha is looking to invest some money so that she can collect $5,000 at the end of three years. What investment amount would be required in each of the following choices: a. 4.2 percent compounded daily $b. 4.9 percent ...If the bank wants to earn a 7 percent rate of return on the loan, what should the payments be? Ignore taxes and default risk. An individual wants to borrow $120,000 from a bank and repay it in six equal annual end-of-year ...If the investment plan pays you 12 percent per year for the first 20 years and 8 percent per year for the next 20 years, how much will you have at the end of the 40 years?Find the integral of (1)/ √(4x2 + 81) dx. Please show steps and answer.Peter, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with seven years to maturity that is quoted at 108 percent of face value. The issue makes semiannual payments and has an embedded ...
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