Question: I want a solution early Question 2 (20 points) A- A businessman borrowed $ 250,000 from a Bank at a simple interest rate of 6.5%
I want a solution early

Question 2 (20 points) A- A businessman borrowed $ 250,000 from a Bank at a simple interest rate of 6.5% on June 12, the loan is due on September 20. (7 points) a) Find the number of days of the loan from June 12 until September 20. b) Using exact interest, find the interest amount (1=?). B A trader borrowed $ 12,000 on a 120-day 4% simple interest note. He paid $ 3,000 toward the note on day 35. On day 80 he paid an additional $ 4,000. Assume 360-day year, what is his ending balance due? (7 points) C- A service provider borrowed $ 275,000 from a local Bank. The loan was for 15 months at a simple interest rate of 9.5%. What is the interest and maturity value? Question 3 (20 points) A- A man deposits $ 72,400 into a bank, which pays 12% interest that is compounded quarterly. What will he have in his account at the end of five years? (7 points) B- An entrepreneur assumes he will need $ 550,000 in 8 years to develop his business. He decides that he will put aside the money now so that after 8 years the $ 550,000 will be available. The bank offers him 4% interest compounded semiannually. What is the present value of the $ 550,000? (6 points) C- A person deposited $ 80,000 at a bank at an interest rate of 16% compounded quarterly. Find the effective rate (APY). Write your answer in percentage rounded to the nearest hundredth. 10 (7 points)
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