Question
Answered step-by-stepAsked by CorporalMoon3565 on coursehero.com
1. How many days (rounded to the nearest day) will it take for...
1. How many days (rounded to the nearest day) will it take for $1,950 to accumulate to $2,125 at 6.5% annual simple interest?
2. How many years will it take for an investment of $1,000 to grow to $1,500 if the annual simple interest rate is 1.2%?
3. Ryan had to make payments of $2,000 in 6 months and $3,000 in 18 months, respectively, to a raw material supplier. What single payment 12 months from today would settle both of these payments? Assume a simple interest rate of 6% per year.
Hello, I need to know the answers to the above questions ASAP, please. Thank you..
Answer & Explanation
Solved by verified expertAnswered by abdulrahmanabdulgafar2020 on coursehero.com
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