Multiple Choice
You invest $50,000 today.It earns simple interest at 15% for the first 5 months,10% for the next 3 months and 12% for the last 2 months.What is the accumulated value at the end of 10 months?
A) $56,450
B) $56,250
C) $55,542
D) $55,375
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q101: A man takes out a discounted loan,with
Q102: You deposit $100,000 on March 31,2010 in
Q103: Jim lends $8000 to Sally on September
Q104: On July 8,2014,Josephine lends Joni $10,000.Joni gives
Q105: A loan of P is taken out
Q107: A loan of $4000 is paid off
Q108: A merchant receives an invoice for a
Q109: You go to a lending institution that
Q110: Jane borrows $10,000 and writes a promissory
Q111: The note is sold after 80 days