Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Brian sells something for 155000 wants 2 diff payouts one note at 9 percent and the other 11 percent total of interest is 15550
How much was the payout of 9 percent and 11 percent??
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- Find the missing value Interest Principal Rate Time P1,450.00 8% 90 days P 11,300.00 11% 5 months P 2,500.00 P8, 500.00 9 months P 5,400.00 P 11,500.00 15% Compute the following 1. Maxwell borrow P500 and agree to pay 6-% compound interest for 4years . How much will Maxwell have to pay back? 2. How much must Zaimin Yaz deposit in a 6% savings account and she wants it to amount to P120 after two years? 3. What rate of interest will allow P350 to grow to P500 in five years?arrow_forward9arrow_forwardH M 9Ro-a s re raa troese db ato a6411 6alo 5a,1908ecrcase 6. Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple interest loan for $6000.00 for 5 months at a rate of 6.25%. (a) How much interest must he pay? (b) What is the future value of the loan? (Round to the nearest penny - hundredth place. For example $123.46) (9)1 08h Nam 909 PXRXT Ttr stPrice x 12 ute as a deumut Y time Cyeus 2 b00 0040.0635 x 0.41666- 600 01t 0.068 X 7. G156 250125 2100 GISG 6) 15 6,as must pay uuc i5,7suinaret A= Lunnc Intre t roid (Is6.as furd ed to nurd retks pie e la cearrow_forward
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