How much of the payment is interest
Problem
The lawyer for a credit union member has sent a cheque for $1953.53 in full settlement of the member's loan balance including interest at 2-% for 10 months. How much of the payment is interest?
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The lawyer for a credit union member has sent a cheque for $1953.53 in full settlement of the member's loan balance. How much of the payment is interest?
Over what period of time will money triple at 9% compounded quarterly? How many years will it take for a loan of $10,000 to amount to $13,684 at 10.5%.
What will be the resultant price in the market? How much value will be created by all the players? How much value will customers capture?
If Kevin wants to earn interest of $3,593.50 on her savings in 4 years, at what nominal interest rate compounded quarterly do you suggest she invests her money?
Who should have access to the data contained in these sets? Why are you selecting these people?
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