A find the simple interest on the loan 1400 at 8 for 10, Ask an Expert

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a) Find the simple interest on the loan. $1400 at 8% for 10 years.

b) Find the total amount due for the simple interest loan. $1300 at 8% for 10 years.

c) Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $11,000 at 3% for 10 years if the interest is compounded in the following ways.

d) Find the term of the compound interest loan. (Round your answer to two decimal places.) 5.9% compounded quarterly to obtain $8300 from a principal of $2000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92739331

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