1) Luisa Prez borrowed $ 3,435.00 from a brother-in-law at a simple interest of 3% over 2...

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1) Luisa Pérez borrowed $ 3,435.00 from a brother-in-law at a simple interest of 3% over 2 years.

What total amount of interest must Luisa pay?

What total amount does Juan have to pay?

2) What is the future value of $ 8,712 at 7% at 6 years?

3) Luis Ríos has invested $ 12,500 at 8% per year.

How many years (approx) do you have to wait to double your investment?

4) Pedro Rivas wants to invest $ 55,000 and double his investment in 7 years.

What interest should it get?

Related Book For answer-question

Statistics for Business and Economics

ISBN: 978-0132930192

8th edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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Posted Date: Apr 07, 2022 04:50 AM

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1) Luisa Prez borrowed $ 3,435.00 from a brother-in-law at a simple interest of 3% over 2...

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Statistics for Business and Economics

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