1. Given the following, and using the ordinary interest method, solve for the Principal (P). Round to the nearest cent….

Get perfect grades by consistently using www.assignmentgeeks.org. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper
1. Given the following, and using the ordinary interest method, solve for the Principal (P). Round to the nearest cent. (2 points) I = $79 R = 4.5% T = 30 days 2. Given the following solve for the Rate (R). (2 points) I = $103 P = $2,000 T = 4 months 3. Given the following solve for the Time (T) in days. Round to the nearest day. (2 points) I = $64 P = $2,400 R = 3.75% 4. Recently Mr. Robie, the owner of the Black Cat Bakery, purchased some equipment for the Bakery. Mr. Robie purchased $24,000 in additional equipment, and made a cash down payment of $2,400. He secured a loan for the remaining $21,600, with an interest rate of 4.5%, and a time period of 90 days. (4 points) A) Using ordinary interest, how much will he need to pay back at the end of 90 days? B) Using exact interest, how much will he need to pay back at the end of 90 days? Round to the nearest cent.

"Is this question part of your assignment? We can help"

ORDER NOW
Writerbay.net

Need help with an assignment? We work for the best interests of our clients. We maintain professionalism and offer brilliant writing services in most of the fields ranging from nursing, philosophy, psychology, biology, finance, accounting, criminal justice, mathematics, computer science, among others. We offer CONFIDENTIAL, ORIGINAL (Turnitin & SafeAssign checks), and PRIVATE services using the latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and doctorate-prepared writers. Thank you in advance!

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper