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Calculate the interest and total amount to E Pay attention to the term, sometimes peop equal a whole year. Princi Interest Total Interest Int Name pal rate per year me

Calculate the interest and total amount to E Pay attention to the term, sometimes peop equal a whole year. Princi Interest Total Interest Int Name pal rate per year me

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate the interest and total amount to be paid for each of the following. Pay attention to the term, sometimes people take out loans that do not equal a whole year. Total loan amount to be paid Loan Total Interest to be paid Princi Interest pal Name Total Total rate Interest Interest term (in per year per month months Johanna 4550 5.5% 24 Martin 7240 6.5% 36 Sonia 5000 7% 17 Ferdy 8500 3.5% Dave 950 8.5% Liz 11400 7.45% 9 Jermaine 12500 5.5% 24 Rudy 22600 3% 22 Nora 15400 6.5% 20 Nilliam 4800 4.75% 32
Transcribed Image Text:Calculate the interest and total amount to be paid for each of the following. Pay attention to the term, sometimes people take out loans that do not equal a whole year. Total loan amount to be paid Loan Total Interest to be paid Princi Interest pal Name Total Total rate Interest Interest term (in per year per month months Johanna 4550 5.5% 24 Martin 7240 6.5% 36 Sonia 5000 7% 17 Ferdy 8500 3.5% Dave 950 8.5% Liz 11400 7.45% 9 Jermaine 12500 5.5% 24 Rudy 22600 3% 22 Nora 15400 6.5% 20 Nilliam 4800 4.75% 32
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