Multiple Choice
Find the interest and maturity value for the loan. Round to the nearest cent.
-$8,850 at 11% for 1.3 years
A) $2,239.05; $11,089.05
B) $1,265.55; $10,115.55
C) $666.08; $9,516.08
D) $1,168.20; $10,018.20
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: Answer the question about the promissory note
Q21: Find the discount period.<br>-Loan made: Aug 17<br>Length
Q22: Find the discount period.<br>-Loan made: April 22<br>Length
Q23: Solve the problem. Round dollar amounts to
Q24: Find the principal. Round to the nearest
Q26: Solve the problem.<br>-Jane Johnson buys a $30,000
Q27: Find the maturity value of the simple
Q28: Solve the problem. Round rates to the
Q29: Find the date due and the maturity
Q30: Answer the question.<br>-What is a simple discount