Calculate the final value of the following equation $\frac{8,600\left(1+0.092 \times \frac{155}{365}\right)}{1+0.154 \times \frac{81}{365}}$
A) 8,640.69
B) 8,122.68
C) 5,867.98
D) 1,882.57
E) 5,345.43

Question

Quizplus · Accepted Answer

The calculation involves first finding the interest for the numerator and denominator separately and then dividing them. For the numerator, $8,600(1+0.092 \times \frac{155}{365})$ calculates the interest for 155 days at a 9.2% annual rate. For the denominator, $1+0.154 \times \frac{81}{365}$ calculates the interest for 81 days at a 15.4% annual rate. After performing the calculations, the result is approximately 8,640.69.

Calculate the Final Value of the Following Equation 8,600(1+0.092×155365)1+0.154×81365\frac{8,600\left(1+0.092 \times \frac{155}{365}\right)}{1+0.154 \times \frac{81}{365}}1+0.154×36581​8,600(1+0.092×365155​)​

Calculate the Final Value of the Following Equation $\frac{8,600\left(1+0.092 \times \frac{155}{365}\right)}{1+0.154 \times \frac{81}{365}}$