Multiple Choice
An $8,000 demand loan at a fixed rate of 10.5% was advanced on May 10. A payment of $2,000 was made on July 15 and a final payment was made on Sept. 5. What was the size of the final payment?
A) $6,241.64
B) $6,243.92
C) $6,363.61
D) $6,151.89
E) $8,152.90
Correct Answer:
Verified
Correct Answer:
Verified
Q64: Sam has a $10,000 personal line of
Q150: Jake purchased a $100,000 182-day T-bill discounted
Q151: Ruxandra's Canada Student Loans totalled $7200 by
Q153: Paul has $20,000 to invest for 6
Q154: The purchaser of a 168-day T-bill with
Q156: On February 22, Jonathan had $20,000 of
Q157: Calculate missing value for the promissory note:
Q158: Calculate missing value for the promissory note:
Q159: For investments over $5,000, a bank quotes
Q160: An assignable loan contract executed 3 months