(1)Calculate the amount of interest that will be charged on $8500.00 borrowed for 6 months at...
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(1)Calculate the amount of interest that will be charged on $8500.00 borrowed for 6 months at 5.25%. (l=prt) (2) Determine the exact time between January 30, 2014 and May 20, 2014 by counting days. (cal) (3) Compute the amount of interest on $875.00 at 11.5% p.a. from May 29, 2013 to August 13, 2013.(cal) (4) Determine the deposit that must be made to earn $52.96 in 240 days at 7.3%.( I=prt) (5)Compute the accumulated value(FV) of $10 000.00 at 9% after six months.(cal) (6) What sum of money will accumulate to $3700.00 at 14.75% p.a. in 451 days? (cal) (1)Calculate the amount of interest that will be charged on $8500.00 borrowed for 6 months at 5.25%. (l=prt) (2) Determine the exact time between January 30, 2014 and May 20, 2014 by counting days. (cal) (3) Compute the amount of interest on $875.00 at 11.5% p.a. from May 29, 2013 to August 13, 2013.(cal) (4) Determine the deposit that must be made to earn $52.96 in 240 days at 7.3%.( I=prt) (5)Compute the accumulated value(FV) of $10 000.00 at 9% after six months.(cal) (6) What sum of money will accumulate to $3700.00 at 14.75% p.a. in 451 days? (cal)
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Answer Explanation 1 Calculate the amount of interest 2 Interest I prot 850000 boxxowed ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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