Chat with AI
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 165
Solve the following application problem using the United States Rule.
COMPUTER CONSULTANT The computer system at Genome Therapy crashed several times last year. On January 10, the company borrowed $125,000 at 11% compounded annually for 250 days to pay a consultant to work on the Novell network. However, they decide to pay the loan in full on July 1. Find (a) the interest due __________ and (b) the total amount due. __________
COMPUTER CONSULTANT The computer system at Genome Therapy crashed several times last year. On January 10, the company borrowed $125,000 at 11% compounded annually for 250 days to pay a consultant to work on the Novell network. However, they decide to pay the loan in full on July 1. Find (a) the interest due __________ and (b) the total amount due. __________
Explanation
Verified
Verified
Since, there are from January to July...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
