What is the amount Patty repaid to the bank on the due date of the loan? Patty
Question:
What is the amount Patty repaid to the bank on the due date of the loan?
Patty borrowed $1640 from a bank for 18 months to buy a new office computer. The simple interest rate charged is 3.15%.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Total amount paid to ...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
5.00+
179+ Reviews
294+ Question Solved
Related Book For
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
Question Posted:
Students also viewed these Mathematics questions
-
Patty Plainte wants to compare the final grades of the students in Mr. Mean's class with those in Ms. Nice's class. (Patty is a student in Mr. Mean's class, and thinks that her teacher's nasty...
-
How much interest did Patty pay for the use of the money? Patty borrowed $1640 from a bank for 18 months to buy a new office computer. The simple interest rate charged is 3.15%.
-
Change the number to a percent. Round your answer to the nearest tenth of a percent. 0.0098
-
Please complete the Web case that covers material discussed in this chapter at www.cengage.com/accounting/Gibson. Youll be using Thomson ONE Business School Edition, a powerful tool that combines a...
-
An experimenter wishes to obtain a CI for the difference between true average breaking strength for cables manufactured by company I and by company II. Suppose breaking strength is normally...
-
What field(s) in the Customers table would be the most appropriate for a CustomerName index? a. LastName b. LastName and FirstName c. LastName, FirstName, and BirthDate d. CustomerID
-
A normal shock occurs in a stream of oxygen. The oxygen flows at \(\mathrm{Ma}=1.8\) and the upstream pressure and temperature are 15 psia and \(85^{\circ} \mathrm{F}\). (a) Calculate the following...
-
Oakenfeld Company manufactures a number of specialized machine parts. PartBunkka-22 uses $35 of direct materials and $15 of direct labor per unit.Oakenfeld??s estimated manufacturing overhead is as...
-
Question One You must answer all parts of this question Jane runs a meeting group for parents with babies and toddlers, the "Group for Babies and Toddlers" (GBT) in the town of Glead, Ireland. She...
-
Its a waste of time and other resources to develop a set of sophisticated scenarios for situations that may never occur. Do you agree or disagree? Support your position.
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). A type of annuity in which the goal is to save a specific amount of money in a specific amount of time is called a(n) ________ fund.
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). Interest prepaid by the buyer, which may be used to reduce the stated interest rate the lender charges, are known as __________.
-
Explain some of the different aspects of the customer experience that could be managed to improve customer satisfaction if you were the marketing manager for: (a) An airport branch of a rental car...
-
Throughout the past several weeks, you have met with a representative of Follett Corporation on several occasions. You are anxious to book a large conference that will involve over 200 Follett...
-
Move quickly through the following list of traits. Use a check mark beside those that fit your self-image. Use an X to mark those that do not fit. If you are unsure, indicate with a question mark. I...
-
When a lease is considered an operating lease for both the lessor and the lessee, describe what amounts will be found on the balance sheets of both the lessor and the lessee related to the lease...
-
Write the general present value formula used to maximize the discounted value of future investment returns. What are the two components of the discount rate?
-
How can the zero-beta CAPM be empirically tested with real-world data? Discuss two tests using equations based on the market model. Which test is more reliable and why?
-
What are the advantages of the Knowledge Graph over traditional Google searches?
-
Express mass density in kg/m3 and weight density in lb/ft3. 1. Find the mass density of a chunk of rock of mass 215 g that displaces a volume of 75.0 cm3 of water. 2. A block of wood is 55.9 in. x...
-
A bag contains five balls numbered 1, 2, 4, 7, and *. Choose two balls at random without replacement and add the numbers. If one ball has the *, double the amount on the other ball. Construct the...
-
Complete the following probability distribution if P(6) equals two-thirds of P(4). Then find μ, Ï 2 , and Ï for the distribution. 2 0.23 1 4 9. 6. P(X) ? 0.18 0.015
-
When one die is rolled, the expected value of the number of dots is 3.5. In Exercise 20, the mean number of dots was found for rolling two dice. What is the mean number of dots if three dice are...
-
You have a business worth $1,000,000 and other assets (including your home) worth an additional $750,000. What is the recommended automobile insurance policy that you should carry to be FULLY...
-
Republic Services and Waste Management company Compare the companies' long term Revenue, Gross Profit, Operating Profit) and Net Income and related growth trends. What is the average three year...
-
A young couple own a home in NJ. They would like to have Homeowner Insurance coverage for their home in NJ, in case of frozen plumping and damage form heavy snow or power surges. Which Homeowner's...
Study smarter with the SolutionInn App