Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

81180&snapshotid=2736... Questions bh2ff16h.Ch05.33m Question 33 of 36 33. Check My Work (1 remaining) 34. 35. Carlos took out an $800 personal loan from his bank.

81180&snapshotid=2736... Questions bh2ff16h.Ch05.33m Question 33 of 36 33. Check My Work (1 remaining) 34. 35. Carlos took out an $800 personal loan from his bank. The bank uses a 365-day year and has an 18% simple interest rate. How much interest will Carlos pay on his loan if he pays it back in 300 days? 36. O a. $109.32 Answered Correctly b. $118.35 O c. $120 O d. $144 O e. $147.94

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

Take Action For Performance Under Pressure How To Handle Stress And Succeed

Authors: Arnulfo Wedige

1st Edition

979-8388686084

More Books

Students also viewed these Finance questions

Question

6. Assume that both the supply of bottled water and the demand for bottled water rise during the summer but that supply increases more rapidly than demand. What can you conclude about the directions...

Answered: 1 week ago

Question

★★★★★

According to a study several years ago by the Personal Communications Industry Association, the average wireless phone user earns $62,600 per year. Suppose a researcher believes that the average...

Answered: 1 week ago

Question

★★★★★

At the end of the book. The goal, Alex Rogo reflects on various thinking processes he should use as a division manager. Which of the following is not one of them: What to change How to elevate a...

Answered: 1 week ago

Question

★★★★★

Support department cost allocationreciprocal services method Davis Snowflake & Co. produces Christmas stockings in its Cutting and Sewing departments. The Maintenance and Security departments support...

Answered: 1 week ago

Question

★★★★★

If I have a product that I want to use in my buisness that cost $75,000 to instill, and I use the product 20 times per week at a cost of $98 per person, what is my break even point?

Answered: 1 week ago

Question

★★★★★

The following is information related to Blossom Company for its first month of operations Credit Sales Cash Collections Jan.? Austin Co $10.200 Jan. 17 Austin Co 57,200 15 Diaz Co. 6.200 24 Day Ci...

Answered: 1 week ago

Question

★★★★★

Jackson Inc. has EPS of $5.625 with a return ratio of 60%. The annual growth rate in dividends is expected to be 6% and Jackson's shareholders require a return of 11%. The stock price is closest to:

Answered: 1 week ago

Question

★★★★★

Describe the advantages and disadvantages of a free expression of emotion in the management style

Answered: 1 week ago

Question

★★★★★

Integrity Company is relocating its facilities. The company estimates that it will take three trucks to move office contents. If the per truck rental charge is P1,000 plus 25 cents per mile, what is...

Answered: 1 week ago

Previous Question Next Question