Question: A debtor owes $ 1 , 5 0 0 . 0 0 in 7 months and $ 2 , 7 5 0 . 0 0

A debtor owes $1,500.00 in 7 months and $2,750.00 in 15 months. An agreement is negotiated
that the debtor can make one cash settlement at 18 months. Placing the Focal Point at 18 months
and using 10% simple interest:
Round answer to the nearest penny, USE a dollar sign, USE commas when needed
[A] What is the amount of the cash settlement?
A debtor owes $1,500.00 in 7 months and $2,750.00 in 15

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

1. The value of a particular investment follows a pattern of exponential growth. You invested money in a money market account. The value of your investment t years after your initial investment is...

Q:

Q1. Solve the equation 3 x = 81. a. {27} b. {5} c. {4} d. {3} Q2. Write log 2 ( 7 m 3 n)/k 2 as the sum and/or difference of logarithms. Express powers as factors. a. (1/7) log 2 m + (1/3) log 2 n -...

Q:

3/10/2017 MATH 105 Exam 3 MATH 105 Exam 3 40 Unanswered Please be sure to save at least once every 15 minutes. If you leave this page without saving, or if your session times out, any answers you...

Q:

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Q:

1. Find functions f and g so that f g = H(x) = (5 - 2x3)2. a. f(x) = 5 - 2x3 ; g(x) = x2 b. f(x) = (5 - 2x)3 ; g(x) = x2 c. f(x) = x2 ; g(x) = 5 - 2x3 d. f(x) = x3 ; g(x) = (5 - 2x)2 Q2. Find the...

Q:

1. Solve the equation log a. {-8, -9} 72 (x2 - x) = 1. b. {1, 72} c. {8, 9} d. {-8, 9} Q2. The half-life of silicon-32 is 710 years. If 100 grams is present now, how much will be present in 200...

Q:

1. Find the exact value of the logarithmic expression ln e. a. 0 b. -1 c. 1 d. e Q2. The graph of an exponential function is given. Match the graph to one of the following functions. a. f(x) = 3x b....

Q:

PLEASE USE MINITAB TO SOLVE AND EXPLAIN ALL STEPS PLEASE!! Use Minitab Statistical Software TWO DATA SETS Time intervals between oil spills in an inland waterway (Days) Before Pollution Controls...

Q:

You are given a binary tree of the form: Each node in the tree has a left child and a right child. Each of the children will be extended as a linked list. Every node has the following attributes:...

Q:

You are given a binary tree of the form: Each node in the tree has a left child and a right child. Each of the children will be extended as a linked list. Every node has the following attributes:...

Q:

For those who have done both Exers. 11 and 12, show in polars that Bu'a' Va = Pu':v-

Q:

Would firms engage auditors to certify their financial statements even if they are not required to do so? Also discuss why reputation is an auditor's primary asset.

Q:

A group incentive plan under which the company sets aside a share of its profits and divides it among employees is a ( n ) : Question 3 options: defined benefit pension plan. profit - sharing plan....

Q:

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".