Principal: $11,200.00 Interest Rate: 5.0% Date borrowed: 10/25/2023 Date Repaid: 2/13/2024 Days (ordinary interest): 360 Days (exact interest): 365 1.Time in days- 2 interest (ordinary interest)- 3. Interest (exact interest)- 4. Amount saved using exact interest. -
Principal: $11,200.00 Interest Rate: 5.0% Date borrowed: 10/25/2023 Date Repaid: 2/13/2024 Days (ordinary interest): 360 Days (exact interest): 365 1.Time in days- 2 interest (ordinary interest)- 3. Interest (exact interest)- 4. Amount saved using exact interest. -
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 1E: An annuity is a sum of money that is paid in regular equal payments. The __________ of an annuity is...
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Question
Principal: $11,200.00
Interest Rate: 5.0%
Date borrowed: 10/25/2023
Date Repaid: 2/13/2024
Days (ordinary interest): 360
Days (exact interest): 365
1.Time in days-
2 interest (ordinary interest)-
3. Interest (exact interest)-
4. Amount saved using exact interest. -
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