Question: A note for S4000 dated September 1.2006, is due with compound interest 7.2%. 3 years after the date. On December 1, 2007, the holder of

A note for S4000 dated September 1.2006, is due with compound interest 7.2%. 3 years after the date. On December 1, 2007, the holder of the note bus discounted by w lender who charges. 8%.. Depend on this information to answer the following two questions 10 and 11 10. Determine the proceeds. (A) 52159.51 (B) $4319.03 (C) $2480.60 (D) $2121.20 11. The compound discount equals: (A) 5642.18 (B) 5319.03 (C) 1961.21 (D) none 12. Determine the annual effective rate corresponding to -10% (A) 10.12% (B) 10.25% (C) 10.20% (D) 10.35% 13. Accumulate $ 12000 at 6% for 5 years (A) SI1940.30 (B) $16196.20 (C) S13186.20 (D) none 14. At what nominal rate la will money triple itself in 10 years? (A) 0.0077% (B) 9.19% (C) 11.04% (D) 10.25 15. A person borrow S1000 af 6% simple interest. He is to repay the debt with 3 equal payments, the first at the end of 3 months, the second at the end of 6 months, and the third at the end of 9 months. Determine the size of payments if the focal date at the end of 9 months. (A) $196,20 (B) SS3-3.19 (C) $818.20 (D) no
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