A payday loan company offers a one month loan of $450 for a fee of $10. Find the equivalent simple annual interest rate. The simple annual interest rate is Round your answer to two decimal places. Your Answer: Answer Question 7 (1 point) Treasury Notes (T-notes) are bonds issued by the federal government to cover its expenses. Suppose you obtain a $10,000 T-note with a 4% annual rate, paid semi- annually, with a maturity in 3 years. How much interest will you earn? Round your answer to two decimal places. Do not include the $ sign in your answer. Your Answer:
A payday loan company offers a one month loan of $450 for a fee of $10. Find the equivalent simple annual interest rate. The simple annual interest rate is Round your answer to two decimal places. Your Answer: Answer Question 7 (1 point) Treasury Notes (T-notes) are bonds issued by the federal government to cover its expenses. Suppose you obtain a $10,000 T-note with a 4% annual rate, paid semi- annually, with a maturity in 3 years. How much interest will you earn? Round your answer to two decimal places. Do not include the $ sign in your answer. Your Answer:
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
100%
Transcribed Image Text:A payday loan company offers a one month loan of $450 for a fee of $10. Find the
equivalent simple annual interest rate.
The simple annual interest rate is
%.
Round your answer to two decimal places.
Your Answer:
9
Answer
12
Question 7 (1 point)
15
Treasury Notes (T-notes) are bonds issued by the federal government to cover its
expenses. Suppose you obtain a $10,000 T-note with a 4% annual rate, paid semi-
annually, with a maturity in 3 years. How much interest will you earn?
Round your answer to two decimal places. Do not include the $ sign in your answer.
Your Answer:
Answer
Question 8 (1 point)
You purchased a new washer and dryer for $1,286.93 (including sales tax and
delivery). Financing was used for the full purchase price and the payments are
$141.25 per month for 11 months. What is the cost for the loan?
DIL
PrtScn
F8
Home
F9
End
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Pg
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8
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