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What are the number of days required

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Q1) Mac's credit card statement included ?$2140.00 in cash advances and $144.19 in interest charges. The simple interest rate on the statement was 10 1/3% p.a. For how many days was Mac charged? interest? What are the number of days required?

Q2) What principal will have a future value of ?$4558.50 at simple interest rate of 5.2% in three ?months?

Q3) The lawyer for a credit union member has sent a cheque for $2615.54 in full settlement of the? member's loan balance including simple interest at 3 2/3% for 10 months. How much of the payment is? interest?

Q4) For a sum of money invested at 7.2?% compounded monthly for 2 years state the following values.?

(a) the number of compounding periods

?(b) the periodic rate of interest?

(c) the compounding factor (1+i)^n?

(d) the numerical value of the compounding factor

Reference no: EM133088171

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