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
Related questions
Question
Calculate the interest and total amount to be paid for.
Transcribed Image Text:Name
Principal Interest Term (in
Total
months) Interest
Total
rate
to be
paid
amount
to be
paid
I
Dubert
$900
6%
Ronald
6000
8%
48
Jeff
3550
5%
24
Luis
3680
9%
18
Giovanni
2145
10%
8.
Melissa
8545
7.5%
9.
Maritza
4000
8%
11
Theodore
7000
8.5%
36
Marty
1200
3.25%
40
David
35000
4.65%
48
36
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