Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the total amount that must be repaid on the following note described. $8,543 borrowed at 15.5% simple interest What is the total amount to

image text in transcribed
Find the total amount that must be repaid on the following note described. $8,543 borrowed at 15.5% simple interest What is the total amount to be repaid 3 years, 125 days later? (Round your answer to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

World Finance Since 1914

Authors: Paul Einzig

1st Edition

0415539471, 978-0415539470

More Books

Students also viewed these Finance questions

Question

4. Devise an interview strategy from the interviewers point of view

Answered: 1 week ago