Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 07, 2024

Lynne needs to borrow $8750 for cosmetic surgery. She obtains a loan from her grandmother for 24 months at a simple interest rate of 8.8%.

Lynne needs to borrow $8750 for cosmetic surgery. She obtains a loan from her grandmother for 24 months at a simple interest rate of 8.8%. What is the loans future value?

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

Finance For Housing An Introduction

Authors: Cathy Davis

1st Edition

1447306481, 978-1447306481

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain the cellular immune response including the activation of T cells.

Answered: 1 week ago

Question

★★★★★

Assume the random variable x is normally distributed with mean = 80 and standard deviation = 4. Find the indicated probability. P(x Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

What constitutes a green chemical?

Answered: 1 week ago

Question

★★★★★

The Americo Oil Company is considering making a bid for a shale oil development contract to be awarded by the federal government. The company has decided to bid $112 million. The company estimates...

Answered: 1 week ago

Question

★★★★★

Lynne needs to borrow $8750 for cosmetic surgery. She obtains a loan from her grandmother for 24 months at a simple interest rate of 8.8%. What is the loans future value?

Answered: 1 week ago

Question

★★★★★

ASTROMECH TRAVEL COURT Income Statement For the Quarter Ended June 30, 2014 Revenues Rent revenue $212,000 Operating expense Advertising expense $ 3,800 Salaries and wages expense 80,500 Utilities...

Answered: 1 week ago

Question

★★★★★

IRAC ( Issue, Rule, Analysis and Conclusion) is the fundamental of all legal analysis. What is the issue, use the rule, analyze fact based on rule and state the conclusion. When you read the case: 1....

Answered: 1 week ago

Question

★★★★★

I am working on Paralegal 2 Test 3 and have hit a wall.... I need to find the parallel publications for Reporters: North Eastern Reporter, Southern Reporter, Federal Reporter 2d, American Law...

Answered: 1 week ago

Question

★★★★★

Rovelyn Fuentes is an immigration consultant in Prince George, British Columbia. She specializes in family class sponsorship applications and sponsorship appeals to the Immigration Appeal Division of...

Answered: 1 week ago

Question

★★★★★

Write 3-5 sentences discussing whether the expansion of expedited removal should have gone through Notice and Comment before being implemented. You may want to consider the following questions: (1)...

Answered: 1 week ago

Question

★★★★★

For each question, provide your answer on the space provided. Concisely draft/describe your solutions in 2 or 3 lines. Please answer as fractions whenever convenient. 1. A special coin results in a...

Answered: 1 week ago

Previous Question Next Question