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Myerson borrowed $8,500 at 8% ordinary interest for 200 days. After 140 days, he made a partial payment of $5,000. What is the final amount
Myerson borrowed $8,500 at 8% ordinary interest for 200 days. After 140 days, he made a partial payment of $5,000. What is the final amount due on the loan? O $3,386.67 O $3,655.56 O $3,677.78 O $3,814.64 20. DETAILS BRECMBC9 11.1.TB.011. MY NOTES ASKY Manually calculate the compound interest on an investment of $7,500 at 12% interest, compounded semiannually, for 18 months. $1,350.00 $1.389.75 $1,432.62 $8.932.65 RECMBC9 11.1.1B.013. time left Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five de 1:29: to the nearest cent and percents to the nearest hundredth of a percent) Calculate the compound interest on an investment of $42,000 at 4% interest, compounded quarterly, for 5 years. O $8,400.00 O $9,099.30 O $9,247.98 O $51,247.98 22. DETAILS BRECMBC9 11.1. TB.017. MY NOTES ASK YOUR TE Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, roun to the nearest cent and percents to the nearest hundredth of a percent) Simon invests $18.500, at 8% interest, compounded annually for 8 years. Calculate the compound amount for his investment. O $11,840.00 O $15,742.21 530.340.00 534.242.21 Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors, (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Omar invests $4,625 at 8% interest, compounded semiannually for 4 years. Calculate the effective interest rate for his investment. (Round to nearest hundredth percent.) O 7.84% O 8.00% 8.16% 8.32% 24. DETAILS BRECMBC9 11.1. TB.031. MY NOTES ASK YOUR TEACHER Solve the following problem using either Table 11-1 or Table 11-2 from your text. When necessary, create new table factors. Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) R Anibal invests 55,250 at 6% interest.compounded quarterly for 1 year. Calculate the effective interest rate for his Investment (Round to nearest hundredth percent.) 5.989 6.00% 06.1456 6.56%
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