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Myerson borrowed $8,500 at 9% 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 9% 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 $3,814.64 20 DETAILS BRECMBC9 11.1.TB.011. MY NOTES ASK YOUR TEACHER Manually calculate the compound interest on an investment of S7.500 at 12% interest, compounded semiannually for 18 months $1,350.00 $1,389.75 51,432.62 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 doare 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. $8,400.00 $9,099.30 $9,247.98 O $51,247.98 DETAILS BRECMBC9 11.1.TB.017. 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 do to the nearest cent and percents to the nearest hundredth of a percent) Simon invests 518,500, at 8% interest, compounded annually for 8 years. Calculate the compound amount for his investment. O $11,840:00 515,742.21 $30,340.00 534,242.21 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.) 7.84% 8.00% 8.16% O 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 112 from your text. When necessary, create new table factors. (Round new table factors to live decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Anibal invests 55,250 at interest, compounded quarterly for 1 year. Calculate the effective interest rate for his investment. (Round to nearest hundredth percent.) 5.989 06.00% 6.14 6.56%
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