Anthony borrowed $7500 on September 15 and agreed to repay the loan by three equal payments on the following November 10, December 30, and February 28. Calculate the payment size if the interest rate on the loan was 11¾ %. Use September 15 as the focal date.
Correct Answer:
Verified
Q68: A $1000 loan at 9% was repaid
Q69: Two equal payments, 50 days and 150
Q70: What should be the amount of each
Q71: $8000 was borrowed at an interest rate
Q72: A loan of $4000 at 13% is
Q74: What amount invested at 4½ % on
Q75: If $3702.40 earned $212.45 interest from September
Q76: A loan of $3300 at 9¼ %
Q77: Marta borrowed $1750 from Jasper on November
Q78: Jacques received the proceeds from an inheritance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents