Question: Module 11 Homework: Problem 2 Previous Problem Problem List Next Problem (1 point) Simple Interest Justin Thomas Solve for the unknown variables based on the

Module 11 Homework: Problem 2 Previous Problem Problem List Next Problem (1 point) Simple Interest Justin Thomas Solve for the unknown variables based on the information provided. (Round all quantities to two decimal places. NOTE that this means interest rates should be rounded to four places before converting to a percentage!) Interest Amount Principal/Present Value Interest Rate Time Maturity/Future Value $16,925.00 0.6% per month 8 months 10% per year 5 months $61,370.00 $1,150.77 5.5% per year months $23,701.77 $2,049.72 $41,859.00 % per year 220 days For additional help with this problem type, access the following resources: TEXT: Read Module 11.1 Textbook LAB : (Do this last) Ask one of our Peer Learning Assistants for help (when open) in the 1053 Virtual Tutoring Lab

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