Question: FINAL ANSWER ONLY 5 months ago, Andrew failed to pay his utility bill. The missed payment was for the amount of $148.00. The utility company

FINAL ANSWER ONLY 5 months ago, Andrew failed to pay his utilityFINAL ANSWER ONLY

5 months ago, Andrew failed to pay his utility bill. The missed payment was for the amount of $148.00. The utility company is demanding that the missed bill be paid now or else they will cancel his service. If missed payment is charged a simple interest rate of 5%, how much should Andrew pay today? Calculate your answer in dollars and to 2 decimal places. Do NOT include the $ sign

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!