1. Loan Interest A loan with a weekly payment of $100 has an unpaid balance of $2000...

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1. Loan Interest A loan with a weekly payment of $100 has an unpaid balance of $2000 after 5 weeks and an unpaid balance of $1903 after 6 weeks. If interest is compounded weekly, find the interest rate.
2. Loan Interest A loan with a quarterly payment of $1500 has an unpaid balance of $10,000 after 30 quarters and an unpaid balance of $8670 after 31 quarters. If interest is compounded quarterly, find the interest rate?
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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