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can someone help pls with number 7 1000 (+ 0.097 (185) 1045.616438 365 b. What is the simple interest rate of return that the finance
can someone help pls with number 7
1000 (+ 0.097 (185) 1045.616438 365 b. What is the simple interest rate of return that the finance company earns on its investment if it holds the note until its maturity? 7. (6 Marks) Jean owes $1000 due in 4 years and $9000 due in 9 years, both due with simple interest at 6%. What two payments, the first in 2 years and the other in 7 years would pay off both of these debts? The first payment will be double the size of the second payment. Use 6 years as the focal date. The simple interest rate is now 3%Step by Step Solution
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