Reference no: EM131538454
a) Enrique borrowed $3600 to put a down payment on a motorcycle. The loan had a simple interest rate of 8% for 2 years. find the amount of interest he will pay on the loan.
b) Present value is best defined as:? options are
?the amount that must be invested now and compounded at a specified rate and time to reach a specified future value
?the amount of a specified future value compounded at a specified rate which can be invested currently
?the amount that must be invested per year and compounded at a specified rate and time to reach a specified present value
?all of these are appropriate definitions for present value
c) ?Jorge makes a simple discount note with a face value of $6000.00, a term of 240 days, and a 10% discount rate. Find the discount.
d) Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 6%, compounded quarterly, so that she will have enough to buy a new car?
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What challenges do you foresee in trying to plan
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: Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $312,000, total variable expenses were $249,600, and fixed expenses were $37,900.
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Find the amount of interest he will pay on the loan
: Enrique borrowed $3600 to put a down payment on a motorcycle. The loan had simple interest rate of 8% for 2 years. find amount of interest he will pay on loan.
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Hardy-weinberg equilibrium
: Calculate the frequency of the alleles. Calculate expected number of each genotype if the population were in Hardy-Weinberg equilibrium.
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