FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total

image text in transcribed

The principal P is borrowed at a simple interest rater for a period of time t. Find the loan's future value A, or the total amount due at time t. P = $2000, r= 8.0%, t-8 months The loan's future value is $ (Do not round until the final ansitest. Then round to the nearest 'cent as needed.)

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

Information Technology Security Audit Guidebook NIST SP 800-171

Information Technology Security Audit Guidebook NIST SP 800-171

Authors: Mark A Russo CISSP-ISSAP CISO

1st Edition

1726674908, 978-1726674904

More Books

Students also viewed these Accounting questions

Question

★★★★★
The rigid metal strip of negligible weight is used as part of an electromagnetic switch. Determine the maximum stiffness k of the springs at A and B so that the contact at C closes when the vertical...

Answered: 1 week ago

Question

★★★★★
A variable-speed belt drive consists of the two pulleys, each of which is constructed of two cones which turn as a unit but are capable of being drawn together or separated so as to change the...

Answered: 1 week ago

Question

★★★★★
=+8.38. 5.121 Consider an irreducible, aperiodic, positive persistent chain. Let T, be the smallest n such that X ,, = j, and let m ;, = E,[7;]. Show that there is an r such that p= PiX, + j. ..., X,...

Answered: 1 week ago

Question

★★★★★
The following amounts were obtained from Stanwick Companys accounting records. Required: Compute the missing amounts. 2016 2017 $381,220 Net sales Cost of goods sold: $423,150 $36,800 Beginning...

Answered: 1 week ago

Question

★★★★★
14. Please provide the Octave code for the given plot. Please refrain from using any other language for code and please don't waste my question. Thank you

Answered: 1 week ago

Question

★★★★★
The market and Stock J have the following probability distributions: Probability rM rJ 0.3 16% 21% 0.4 8 6 0.3 18 13 Calculate the expected rates of return for the market and Stock J. Round your...

Answered: 1 week ago

Question

★★★★★
Refer to Case Study D - The presentation You must create presentation (report) that will promote the organisation's products/services to the business community at a local trade event. This is raising...

Answered: 1 week ago

Question

★★★★★
You act for the vendor of a travel agency business known as "Golden Wings Travel". The name of the vendor is Beaumont Investments Pty Ltd, the trustee of the Beaumont Family Trust, and the company...

Answered: 1 week ago

Question

★★★★★
1. The surface area of an inflating weather balloon is described by A(x) = 4x 1 where x is the number of seconds and A is measured in L. a) Determine the average rate of change between 3 and 9 sec....

Answered: 1 week ago

Question

★★★★★
4. The exit gas from an alcohol fermenter is an air-CO mixture containing 10 mol% CO that is to be absorbed in a 5.0 M triethanolamine (TEA) solution containing 0.020 mol CO2/mol TEA. The column...

Answered: 1 week ago

Question

★★★★★
An aluminum foil manufacturer wants to improve the quality of his product and is trying to develop a probability model for the flaws that occur in a sheet of foil. Assume that X, the number of flaws...

Answered: 1 week ago

Question

★★★★★
Explain why each of these statements is not an effective way to convey the negative message: (Objective 4) a. I am sorry I must refuse your request. b. Therefore, following company policy seems to be...

Answered: 1 week ago

Question

★★★★★
You have been invited to speak at a campaign kick-off reception for Bob Baffle, a candidate for mayor in your city. Bob is a friend of yours, and you plan to support his candidacy. However, the date...

Answered: 1 week ago

Question

★★★★★
You own Clean Mist Carpets, a company that uses a chemical process for cleaning carpets and removing stains.You do not guarantee success but have a good reputation for stain removal. Mr. and Mrs....

Answered: 1 week ago

Previous Question Next Question