Q: Kathleen has a $560 loan payment due in five months.
Kathleen has a $560 loan payment due in five months. What amount of money should she be able to pay today if the interest on her loan is 3 3 4 % per annum?
See AnswerQ: Cyril can purchase a trip to Aruba for an early booking price
Cyril can purchase a trip to Aruba for an early booking price of $2370.00 now or wait 190 days and pay $2508.79. What annual rate of return would money have to earn for the two options to be economica...
See AnswerQ: A late payment of $850.26 was considered equivalent to
A late payment of $850.26 was considered equivalent to the originally scheduled payment of $830.00, allowing for interest at 9.9%. How many days late was the payment?
See AnswerQ: What is the time interval (in months) separating equivalent payments
What is the time interval (in months) separating equivalent payments of $3500.00 and $3439.80 if money is worth 5 1 4 % per annum?
See AnswerQ: An early payment of $4574.73 was accepted instead of
An early payment of $4574.73 was accepted instead of a scheduled payment of $4850.00, allowing for interest at the rate of 8 3 4 % . How many days early was the payment?
See AnswerQ: April missed a payment of $2740.00 on a loan
April missed a payment of $2740.00 on a loan with interest being charged at 4 1 2 % . The lender now wants $2755.20 as a late payment to settle up on the missed payment. How many days late was the pa...
See AnswerQ: If money can be invested at 0.6% per month
If money can be invested at 0.6% per month, which has the greater economic value: $5230 on a specific date or $5500 exactly five months later? At what rate (per month) would the two amounts be economi...
See AnswerQ: Express decimal and percent equivalent forms to five-figure accuracy.
Express decimal and percent equivalent forms to five-figure accuracy. 1 7 25
See AnswerQ: Compare the economic values of $1480 today versus $1515 in
Compare the economic values of $1480 today versus $1515 in 150 days. Assume money can earn 6.75%. At what rate would the two amounts be equivalent?
See AnswerQ: To settle a $570 invoice, Anna can pay $560
To settle a $570 invoice, Anna can pay $560 now or the full amount 60 days later. Which alternative should she choose if money can earn 10 3 4 % ? What rate would money have to earn for Anna to be ind...
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