quiz 4

# quiz 4 - Find the proceeds Assume 365 days in a year Round...

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Find the proceeds. Assume 365 days in a year. Round to the nearest cent. \$24,000; discount rate 12%; length of loan 4 months

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Question 2 5 points Save Solve the problem. How much must Harry's Hardware deposit at interest for in order to earn interest? Question 3 5 points Save Solve the problem. A company has ordered 6 new personal computers at a cost of They will not be delivered for What amount should the firm deposit in an account paying to have enough money to pay for them? Question 4 5 points Save Solve the problem. Leon Harding receives
Question 4 5 points Save proceeds of \$6839 after signing a note for Find the discount rate. Question 5 5 points Save Solve the problem. Round to the nearest cent. A small company borrows at compounded monthly. The loan is due in How much interest will the company pay? Question 6 5 points Save Solve the problem. A bank gives you two options to choose from for your investments: Option A: 8% annual interest rate compounded

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Question 6 5 points Save yearly; and Option B: 7.9% annual interest rate compounded quarterly. Decide which
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## This note was uploaded on 09/21/2009 for the course DS 71 taught by Professor Wright during the Spring '08 term at CSU Fresno.

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quiz 4 - Find the proceeds Assume 365 days in a year Round...

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