I only put exercise 1 in the picture, to give context, but only answer exercise 2. 2.- If you look at the previous problem and this one, the interest rate is expressed in annualized form. Now, calculate the commercial simple interest of: (a) $22,500 for 6 months at 8%. b) $66,000 for 83 days at 9%. c) $32,000 for 5 months at 8.5%. d) $75,000 at 10% for the time elapsed between March 4 and September 18 of the same year. Note: The original exercise is in the image, it is in Spanish, but it is easy to understand. Another note:
I only put exercise 1 in the picture, to give context, but only answer exercise 2. 2.- If you look at the previous problem and this one, the interest rate is expressed in annualized form. Now, calculate the commercial simple interest of: (a) $22,500 for 6 months at 8%. b) $66,000 for 83 days at 9%. c) $32,000 for 5 months at 8.5%. d) $75,000 at 10% for the time elapsed between March 4 and September 18 of the same year. Note: The original exercise is in the image, it is in Spanish, but it is easy to understand. Another note:
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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Note: I only put exercise 1 in the picture, to give context, but only answer exercise 2.
2.-
If you look at the previous problem and this one, the interest rate is expressed in annualized form. Now, calculate the commercial simple interest of:
(a) $22,500 for 6 months at 8%.
b) $66,000 for 83 days at 9%.
c) $32,000 for 5 months at 8.5%.
d) $75,000 at 10% for the time elapsed between March 4 and September 18 of the same year.
Note:
The original exercise is in the image, it is in Spanish, but it is easy to understand.
Another note:
Please put the procedure explained, thank you very much for your attention bartleby expert!
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