Question: Can someone help me with these problems? In order to start a small business, a student takes out a simple interest loan for $2000.00 for


Can someone help me with these problems?


In order to start a small business, a student takes out a simple interest loan for $2000.00 for 6 months at a rate of 10.50%. a. How much interest must the student pay? b. Find the future value of the loan. a. The amount of interest is $:|. (Round to the nearest cent as needed.) b. The future value is $D. (Round to the nearest cent as needed.) Suppose you have $12,000 to invest. Which of the two rates would yield the larger amount in 5 years: 6% compounded quarterly or 5.86% compounded continuously? Which of the two rates would yield the larger amount in 5 years? 0 6% compounded quarterly O 5.86% compounded continuously
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