How much should she pay if the money is worth 5%

Assignment Help Finance Basics

Reference no: EM131287474

1. Find the amount of simple interest on $2,100 from September 2, 2010 to June 15, 2011 using the banker's rule.

2. Find the amount of interest on $3,000 at 7% for 50 days using both ordinary and exact interest.

3. Jennifer owes $600 due in 9 months and $1,500 plus 6% interest due in 3 months. She wants to pay off both debts in a single payment in 11 months. How much should she pay if the money is worth 5%?

Reference no: EM131287474

Questions Cloud

Find the sixth term and the sum of the 15 terms : Given the geometric progression 625, 125, 25,... find the sixth term and the sum of the 15 terms.

Assuming the exchange rate does not change : 1) If the interest rate in Renminbi is 15% and the investor has assets denominated in dollars and Renminbi in his portfolio. What is the expected depreciation/appreciation of the Chinese currency? 2) Price a tree (in dollars) that delivers 60 Renmi..

Write critical essay assignment : Write critical essay assignment.- The essay should include Robert Frost's use of symbolism and/or themes (death, the world ending) etc.

What are most important characteristic of good questionnaire : What are your thoughts around quantitative vs. qualitative research methods? Can you list pros and cons for each one? What are the most important characteristics of a good questionnaire?

How much should she pay if the money is worth 5% : Jennifer owes $600 due in 9 months and $1,500 plus 6% interest due in 3 months. She wants to pay off both debts in a single payment in 11 months. How much should she pay if the money is worth 5%?

Describe the impact of telecommuting on energy conservation : Describe the impact of telecommuting on energy conservation, IT operational costs, "green computing", and shifts in telecommuters' lifestyles (e.g., parents, disability, etc.).Describe how the business infrastructure should be designed so that em..

Propose a solution to the societal : Assume the role of a business leader, media person, or other who talks to a specific audience and propose a solution to the societal dilemma of high student loan debt in the United States.

What are the bank discount and the proceeds : What are the bank discount and the proceeds if Gen settles her debt of $3,700 at the end of 90 days at a discount rate of 13%?

Identify the current issue that the business is facing : Identify the current issue that the business is facing and propose an HRIS solution. Introduce the HR function that you chose as the focus of your business proposal, and explain the potential benefit for the business if that function is addressed.

User Account

All Pages