Compute the specified quantity. You take out a 5 month, $6,000 loan at 8% annual simple interest. How much would you owe at the end of the 5 months (in dollars)? (Round your answer to the nearest...

Compute the specified quantity.

You take out a 5 month, $6,000 loan at 8% annual simple interest. How much would you owe at the end of the 5 months (in dollars)? (Round your answer to the nearest cent.)

A corporate bond paying $3,000 after 18 weeks earns 0.02% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.)

You take out a 1-year, $5,000 loan at 7% simple annual interest. The lender charges you a $50 fee. Thinking of the fee as additional interest, what is the actual annual interest rater you will pay?

Jun 03, 2022

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Compute the specified quantity. You take out a 5 month, $6,000 loan at 8% annual simple interest. How much would you owe at the end of the 5 months (in dollars)? (Round your answer to the nearest...

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