Multiple Choice
What is the present value of an investment at 15% annual simple interest if it is worth $924.50 in 6 months? Round your answer to the nearest cent.
A) $860.00
B) $870.00
C) $850.00
D) $914.50
E) $934.50
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: Find the 35<sup>th</sup> term of the arithmetic
Q18: State whether the problem relates to an
Q19: A young executive deposits $300 at the
Q20: During four years of college, Nolan MacGregor's
Q21: What is the annual percentage yield (or
Q23: If you lend $3,500 to a friend
Q24: A recent college graduate begins a savings
Q25: Given 10 and 30 year loans with
Q26: A student has a savings account earning
Q27: A sinking fund is established to discharge