Wednesday
April 16, 2014

Homework Help: college math

Posted by aj on Monday, March 14, 2011 at 9:55pm.

A business associate who owes you 3600 dollars offers to pay you 3360 now, or else pay you three yearly installments of 1200 each, with the first installment paid now. Assume that the interest rate will be 7 percent (compounded continuously). Find the total of 3 installments?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - A man borrows $50,000 towards the cost of a house. Compound interest is ...
Word problem - Jessica just bought a refrigerator for 570 . She paid 199.50 in a...
math - bayside insurance offers two health plans.Under plan A, Gisselle would ...
math - mr. greatest bought an aotomobile for $250,000and paid a 20% down payment...
Business - Cash Flow and Profits: On-Line Retailer Temps Customers Statement; "...
economics - Eric borrowed 515 dollars today and has agreed to pay back in equal...
business math - Samantha Vega gross weekly salary is 600 dollars her weekly ...
algebra - A cashier earn $x for an 8-hour day. Write an algebraic expression in ...
math - if jennifer pays off the couch in one year, she will have to pay no ...
COM/155 - aRE THESE CORRECT? My brother owes me money and HE refuses to pay me...

Search
Members