Lin Yan borrowed $1800 from her parents to finance a vacation. If interest was charged on the

Question:

Lin Yan borrowed $1800 from her parents to finance a vacation. If interest was charged on the loan at 5.2%, how much interest would she have to pay in 220 days?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

See More Books

Question Posted: Nov 29, 2017 06:44 AM

See More Questions

Lilly Martin is a third-year university student who has operated her own lawn care business for the past four years. She has one employee, her younger brother, whom she pays $15 per hour. He has...
Ellen borrowed $50,000 from her parents for a down payment on the purchase of a new home. She paid interest of $3,200 in 2012, $0 in 2013, and $9,000 in 2014. The IRS disallowed the deduction. What...
Ellen borrowed $50,000 from her parents for a down payment on the purchase of a new home. She paid interest of $3,200 in 2011, $0 in 2012, and $9,000 in 2013. The IRS disallowed the deduction. What...
The following is an example of the reasoning of a rule utilitarian: "if the practice of lying is bad, then one ought not to lie now, even if in this case to lie would actually bring about better...
An electrical resistor is connected to a battery, as shown schematically. After a brief transient, the resistor assumes a nearly uniform, steady-state temperature of 95C, while the battery and lead...
The manager of a $20 million portfolio of domestic stocks with a beta of 1.10 would like to begin diversifying internationally. He would like to sell $5 million of domestic stock and purchase $5...
Describe each of the portfolio analysis matrices including how it's used, the cells in the matrix, and its advantages and drawbacks. LO1
Spring Company's cost structure is dominated by variable costs with a contribution margin ratio of .20 and fixed costs of $60,000. Every dollar of sales contributes 20 cents toward fixed costs and...
Exercise 9-11 Working Backwards from Labor Variances (LO9-5] The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost...
A TDMA-based system shown in the Figure, has a total bandwidth of 12.5 MHz and contains 20 control channels with equal channel spacing of 30 kHz. Here, the area of each cell is equal to 8 km2, and...
Kenneth borrowed $8100 to buy a car. If interest was charged on the loan at 7.7%, how much interest would he have to pay in 90 days?
David deposited $1700.00 into a savings account earning interest at 3.4% per annum. After 160 days, how much interest had the deposit earned?
Under what circumstances will a gift made in trust for a minor child qualify for the annual exclusion?
Consider the following double loop and identify the dependence. Verify the dependence(s) by applying GCD test and Bounds test. Use the direction vector of (1, -1) corresponding to T on (5M) S. L1: do...
After discovering a vulnerability in the passwd utility, the Linux developers have decided that it is too dangerous to continue to run the utility as root (through setuid). Unfortunately, there's no...
Your supervisor comes to you and says, that as a company, you're facing multiple communication challenges. Since transitioning to a remote workforce, communication has been extremely poor....
You are developing an application that will be running on several hundred Amazon EC2 instances. The application on each instance will be required to reach out through a file system protocol...
What is the danger of mixing elements ("hybrid strategy") from both agile and lean SC strategies?
The lengths of the hypotenuse and one leg of a right triangle are given. Find the perimeter and area of the triangle. Hypotenuse: 85 m; leg: 84 m
Explain the buyers position in a typical negotiation for a business. Explain the sellers position. What tips would you offer a buyer about to begin negotiating the purchase of a business?
In Newfoundland, a car was sold for $16 385 including 13% HST. How much was the harmonized sales tax on the car?
The annual interest on a bond is 4 1/2% of its face value and amounts to $225. What is the face value of the bond?
A brokerage house charges a fee of 2 1/4%. If its fee on a stock purchase was $432, what was the amount of the purchase?
Berbice Inc. has a new project, and you were recruitment to perform their sensitivity analysis based on the estimates of done by their engineering department (there are no taxes): Pessimistic Most...
#3) Seven years ago, Crane Corporation issued 20-year bonds that had a $1,000 face value, paid interest annually, and had a coupon rate of 8 percent. If the market rate of interest is 4.0 percent...
I have a portfolio of two stocks. The weights are 60% and 40% respectively, the volatilities are both 20%, while the correlation of returns is 100%. The volatility of my portfolio is A. 4% B. 14.4%...

Lin Yan borrowed $1800 from her parents to finance a vacation. If interest was charged on the

Question:

Step by Step Answer:

P 180000 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Accounting questions