Complete the following table by filling in missing amounts. Note: Use 360 days a year. Principal of Note Annual Interest Rate Time Period Interest 23.200 9 56 90 days $ 28.000 96 180 days S 1,540 5 % 270 days S 800
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- complete the following using ordinary interest. (use days in a year table.) (don not round intermediate calculation. round the "interest and maturity value " to the nearest cente.) Principal=$585 interest rate= 9% Date borrowed-June 05 Date returned- Dec 15 Exact time -193 days Interest = ? Maturity value =?Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $28,500 18 months 4 semiannually $ $22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $26,500 18 months 4 semiannually $ $
- Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal $ 1,328 Interest rate 5% Date borrowed June 08 Date repaid January 19 Exact time Interest Maturity valueComplete the following, using exact interest. (Use Days in a year table.) Note: Do not round intermediate calculations.Round the "Interest" and "Maturity value" to the nearest cent. Principal $ 1,300 Interest rate Date borrowed 7% May 20 Date repaid August 23 Exact time Interest Maturity valueComplete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest Rate Date borrowed date repaid exact time interest maturity $1,400 9% March 09 June 11
- Use the compound interest formula to solve. (Round your answers to the nearest cent.) Time Period Nominal Interest Compound Compound Principal (years) Rate (%) Compounded Amount Interest $800 monthly $ 742.23 $ | 1.5Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. CompoundAmount Term ofInvestment NominalRate (%) InterestCompounded PresentValue CompoundInterest $18,500 18 months 4 semiannually $ $43. Complete the following, using exact interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest rate Date borrowed Date repaid Exact time Interest Maturity value $1,000 8% March 08 June 09 TABLE 7.1 Exact days-in-a-year calendar (excluding leap year)* Day of month 31 January 28 February 31 March 30 April 31 May 30 June 31 July 31 August 30 September 31 October 30 November 31 December 1 1 32 60 91 121 152 182 213 244 274 305 335 2 2 33 61 92 122 153 183 214 245 275 306 336 3 3 34 62 93 123 154 184 215 246 276 307 337 4 4 35 63 94 124 155 185 216 247 277 308 338 5 5 36 64 95 125 156 186 217 248 278 309 339 6 6 37 65 96 126 157 187 218 249 279 310 340 7 7 38 66 97 127 158 188 219 250 280 311 341 8 8 39 67 98 128 159 189 220 251 281 312 342 9 9 40 68 99 129 160 190 221 252 282 313 343 10 10 41 69 100 130 161 191 222 253 283 314 344 11 11 42…
- Complete the following, using exact interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent.) Principal Interest rate Date borrowed Date repaid Exact time Interest Maturity value $ 670 8% June 8 Dec. 11Complete the following, using ordinary interest. (Use Days in a year table.) Note: Do not round intermediate calculations. Round the "Interest" and "Maturity value" to the nearest cent. Principal Interest rate 2,400 9% Date borrowed March 05 Date repaid Exact time June 15 Interest Maturity valueI. Complete the table. Fil in the blanks of the table involvinga simple interest. PRINCIPAL RATE TIME INTEREST P8,000 1) 7 months P210 P15, 000 4. 8% 2) P300 3) 4. 5% 4 months P500 P1, 000 4) 1 year and 3 months P70 P4, 500 0. 25% 5 and haf year 5)