On Sept. 26, 2010, Luis received $7,500 from his father. He settled this amount on March....
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664d0d9c8950f_788664d0d9c1d56d.jpg)
Transcribed Image Text:
On Sept. 26, 2010, Luis received $7,500 from his father. He settled this amount on March. 6 2011 with interest of $142.65. a. What was the time period of the loan expressed in days? days b. What was the annual rate of simple interest charged for this loan? % Round to two decimal places On Sept. 26, 2010, Luis received $7,500 from his father. He settled this amount on March. 6 2011 with interest of $142.65. a. What was the time period of the loan expressed in days? days b. What was the annual rate of simple interest charged for this loan? % Round to two decimal places
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Solutions to which of the following categories of modeling techniques indicate a course of action to the decision maker? Group of answer choices Preventive models Predictive models Descriptive models...
-
Let Un-1(x) be defined as in Exercise 6 for n > 1 and define U-1(x) = 0. Show that (a) Tn(x) = Un(x) - xUn-1(x), for n > 0 (b) Un{x) = 2xUn-1(x) - Un-2(x), for n > 1
-
What is a quality circle?
-
Which of the following pairs of events are mutually exclusive? a. A = 5The Tampa Bay Rays win the World Series next year.6 B = 5Evan Longoria, Rays infielder, hits 75 home runs runs next year.6 b. A...
-
The following information relates to Hudson City for its scal year ended December 31, 2014. On January 31, 2014, the city purchased as an investment for its debt service fund a fteen-year, 6...
-
Conduct a financial statement analysis of Verizon Communication Inc Cost structure.
-
In a single process production system, Honest Company produces Product Z.For October, 2021, the company accounting records reflect the following: Beginning Work In Process (50% complete as to...
-
a frequency histogram for set of data representing playing times (in seconds) for a sample of popular songs is shown below. what is the cumulative frequency of the 4th class
-
How do you assess the managerial challenge posing the decision of having an organization-wide uniform package of compensation and benefits in the present context of organizations having diversity of...
-
what you have to do is make order decisions based on the sales, stock, and delivery cycle of each item. You are making decisions of marking orders from suppliers, and they will deliver the item next...
-
How do advanced relaxation techniques, such as progressive muscle relaxation or guided imagery, contribute to a comprehensive stress management plan ?
-
What role do intermediaries play in intermediation in the market? Do middlemen exist in the online market? How? Talk about the following ideas with examples from real life: (1) the issues with direct...
-
Identify and conduct a 5S project that you could do at home, school, or your place of employment. For each of the 5 steps, define what you would do to address the situation. Describe the outcome. .
-
20. Materialized views stores the data and you can refresh it on timely basis a) True b) False
-
Four GWU students have been selected to taste food sold by 3 different food trucks labeled as food truck A, B and C on H & 22nd Streets every Monday for 3-weeks. For each student, food trucks are...
-
Identify one country in Europe and one in Asia. Using the measures for the key drivers of e-commerce, compare the degree of advancement of e-commerce in each of the two countries. LO.1
-
Which activities are least likely to be affected by e-commerce? LO.1
-
In an earlier chapters exercise, you ran a regression model using the ANES knowledge index as your dependent variable and the four media variables as your independent variables. Now, after reading...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App