What is the balance due on april

Reference no: EM132481406

Question 1. Consider a payment of $600 due in six months from today. Find the equivalent value at two months if the interest rate per annum is 5.5%

Question 2. On June 1, 2010 Chris borrows $2000 at 12%. He pays $800 on August 17 and $400 on November 20 of 2010 and $500 on February 2, 2011. What is the balance due on April 18, 2011?

Reference no: EM132481406

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