Question
(1)Calculate the amount of interest that will be charged on $8500.00 borrowed for 6 months at 5.25%. (l=prt) (2) Determine the exact time between
(1)Calculate the amount of interest that will be charged on $8500.00 borrowed for 6 months at 5.25%. (l=prt) (2) Determine the exact time between January 30, 2014 and May 20, 2014 by counting days. (cal) (3) Compute the amount of interest on $875.00 at 11.5% p.a. from May 29, 2013 to August 13, 2013.(cal) (4) Determine the deposit that must be made to earn $52.96 in 240 days at 7.3%.( I=prt) (5)Compute the accumulated value(FV) of $10 000.00 at 9% after six months.(cal) (6) What sum of money will accumulate to $3700.00 at 14.75% p.a. in 451 days? (cal)
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
5th Canadian edition
9781259105692, 978-1259103285
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