Tuesday
July 29, 2014

Homework Help: Math

Posted by Queen on Saturday, December 8, 2012 at 7:56pm.

Acton choose from two loans offersS: 12,000 at 8% simple interest for 9 months: or a 12,000 9 month discounted loan at 7% discount. Based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will Acton choose?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
MAth - 1. Johnís loans for his business total $155,000. One of the loans is a ...
Math - solving applied problems two equations (Coles two student loans totaled...
math - 1. A 120-day simple discount promissory note for $12,000 with a simple ...
Business finance - In a discount interest loan, you pay the interest payment up...
business Math - You were offered the opportunity to purchase either a simple ...
math/Finance - I want to know the formula to use 1. A 120-day simple discount ...
Math Algebra - Coleís two student loans totaled $31,000. One of his loans was at...
Math algebra - Sarahís two student loans totaled $12,000. One of her loans was ...

Search
Members