Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

7 . Bella Sandino made a $ 6 0 0 loan to her friend, Sadie, at 1 1 % . Sadie paid back the loan

7 .

Bella Sandino made a $

600

loan to her friend, Sadie, at

11 % .

Sadie paid back the loan with interest of $

19.25 .

For how many was the loan outstanding?

(

use

360

day a year

)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Investing In Fixed Income Securities Understanding The Bond Market

Authors: Gary Strumeyer

1st Edition

0471465127, 9780471465126

More Books

Students also viewed these Finance questions

Question

★★★★★

Chocolate Treats Ltd. and Coffee Bars Inc. are both specialty food chains. The two companies reported these figures, in thousands: Requirements 1. Compute the gross profit percentage and the rate of...

Answered: 1 week ago

Question

★★★★★

Calculate. 2.7(1.4, 0.8) 3.3(3.1, 2.2)

Answered: 1 week ago

Question

★★★★★

Using the Coronary Heart Disease data set (a) estimate the proportion of the study population having evidence of coronary heart disease (????C). (b) test ????0 ????C = 0.50 at the ???? = 0.05 level....

Answered: 1 week ago

Question

★★★★★

Consider the data in the Excel file Consumer Price Index. a. Use simple linear regression to forecast the data. What would be the forecasts for the next 2 years? b. Use the double exponential...

Answered: 1 week ago

Question

★★★★★

Average rate of return, cash payback period, net present value method for a service company The St. Louis to Seattle Railroad is considering acquiring equipment at a cost of $100,000. The equipment...

Answered: 1 week ago

Question

★★★★★

2) The price of a European call option on a non-dividend-paying stock with a strike price of The stock price is $51, the continuously compounded risk-free rate (all maturities) i time to maturity is...

Answered: 1 week ago

Question

★★★★★

Calculate a 90% confidence level. What is the T-Confidence level? Column1 Mean 29347.5 Standard Error 5974.512153 Median 25325 Mode #N/A Standard Deviati 18893.06631 Sample Variance 356947954.7...

Answered: 1 week ago

Question

★★★★★

Accounting break-even Unit price Unit variable cost 18,980 $103 ? Fixed costs Depreciation $425,860 $372,118 What is the Unit Variable Cost? Note: Do not put the $ sign and only use two decimal...

Answered: 1 week ago

Question

★★★★★

A commercial building that has a value of $600,000 is insured on a Broad Perils policy with a coverage limit of $400,000. and a deductible of $1,000. 1. If a new building has a replacement cost of...

Answered: 1 week ago

Question

★★★★★

The reading and videos for this week bring to light some of the ethical and business-related issues in collecting and using data gathered about customer behaviors and using it to target advertising....

Answered: 1 week ago

Question

★★★★★

You are a large customer of a major Wall Street investment bank. They believe the price of oil will be going up over the next year and they are willing to enter an unlimited number of long positions...

Answered: 1 week ago

Question

★★★★★

When customers ask for your guarantees to be implemented, do your staff use the occasion to try to regain the customers confi dence?

Answered: 1 week ago

Question

★★★★★

What system does your company have in place to ensure that once a complaint has been heard, it is passed along to an appropriate person or committee so the organization can learn from customer...

Answered: 1 week ago

Question

★★★★★

How does your organization work with the principle of reciprocity? What do you offer customers when a service breakdown occurs?

Answered: 1 week ago

Previous Question Next Question