If a lender makes a simple loan of $700 for 2 years and charges 7 , then the amount that the lender receive at maturity is $ If a lender makes a simple loan of $500 for one year and charges $150 interest, then the simple interest rate on that loan is If a borrower must repay $106 50 one year from ...

The Answer is in the image, click to view ...

If a lender makes a simple loan of $700 for 2 years and charges 7%, then...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

See More Books

Posted Date: Mar 29, 2023 04:01 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Dakota Company had net sales ( at retail ) of $ 1 4 4 , 0 0 0 . \ table [ [ , At Cost,At Retail ] , [ Beginning inventory,$ 3 3 , 3 0 0 , $ 6 5 , 6 0 0 es Dakota Company had net sales (at retail) of...
Consider the signal flow graph in figure. Suppose that the input to the system x[n] is an 8-point sequence. Choose the values of a and b such that y[8] = X(e j6?/8 ). y(n] x[n]
The table below shows the balance sheet for the Regal Bank, a hypothetical commercial bank. Assume that the Regal Bank has achieved its target reserve ratio. a. What is the Regal Bank's target...
Sea Explor manufactures deep-sea diving suits. The company records manufacturing costs by job number and uses a factory overhead applied rate to charge overhead costs to its products. Sea Explor...
At fiscal year-end February 2, 2008, Target Corporation had the following assets and liabilities on its balance sheet (in millions): Current liabilities......$11,782 Long-term debt.......15,126 Other...
What are the countries indicated by the letters below? a. A/ USA B/ Brazil C/ Venezuela D/ Argentina E/ Colombia b. A/ USA B/ Brazil C/ Argentina D/ Venezuela E/ Peru c. A/ Canada B/ Brazil C/...
The Rock Glen House B&B is operated as a sole proprietorship and had the following income and expenses for the year: Room rental income $137,900 Vending machine income 2,000 Advertising expense...
What activity occurs first in the reservations process? b ) Formulating the reservations inquiry a ) Determining room and rate availability c ) Creating the reservations record d ) Researching,...
Reflections help anyone get perspective on what they experience, present opportunities to think critically about lessons learned, and connect to potential future experiences. Although we've come to...
Subtract 6x2 y2 - 5x - 4 from the sum of - 9x y - 8x - 8 and 8x y + 7x 9. The resulting polynomial is (Simplify your answer.)
Joe is buying some kitchen equipment for his new apartment. The total cost is$1900 and he places a down payment of$190There is add-on interest of 10%. Find the total interest Joe will pay if it takes...
A manufacturer has $600,000 to spend on the production of a certain product and determines that if a units of capital and y units of labor are allocated to production, then P units will be produced,...
The current capital structure of El-Fagr is as follows: Debt 30% Preferred stocks 30% Common Equity 40% The company would like to keep the current capital structure when it funds the new projects....
If f(x) = 3x-x + 4, find the following. f(1) = f(-1) = f(a) II = f(-a) = f(a + 1) = 2f(a) = f(2a) = f(a) = [f(a)] = f(a + h) =
Read Case Study Google: Dont Be Evil Unless and answer the following: Why do you think Google was adamant about not wanting to supply information requested by the government concerning the Child...
Suppose that autonomous consumption and planned investment in the economy described in problem 5 change to Ca = 470 - 15r and Ip = 1,700 - 60r. All other aspects of the structure of the commodity and...
Explain what the four types of supply shocks are and when each type had an adverse or beneficial impact on the economy.
If inflation is a continuous process (that is, prices rising daily or even hourly, as in a hyperinflation), calculating inflation rates at discrete intervals (such as months, quarters, and years) may...
A DFD is a representation of which of the following? a. relationship among modules, data, and programs of an AIS b. flow of data in an organization c. decision rules in a computer program d. computer...
Which of the following statements is false? a. Flowcharts make use of many symbols. b. A flowchart emphasizes the flow of documents or records containing data. c. DFDs help convey the timing of...
For each of the following scenarios identify which data processing method (batch or online, real-time) would be the most appropriate. a. Make an airline reservation b. Register for a university...

If a lender makes a simple loan of $700 for 2 years and charges 7%, then...

Question:

Expert Answer:

Macroeconomics

Students also viewed these finance questions