subject
Mathematics, 26.10.2020 02:40 whiplash40

Lena takes out a loan for her college tuition from a bank that charges simple interest at an annual rate of 8.95%. Her loan is for $2900 for 5 months. Assume each month is
12
of a year. Answer each part below.
Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.
(a) Find the interest that will be owed after 5 months.
?
s]
(b) Assuming Lena doesn't make any payments, find the amount owed after 5 months.
si
Continue
Continue
Submit Assignment
2020
ME

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 20:30
What is the interquartile range of this data set? 2, 5, 9, 11, 18, 30, 42, 48, 55, 73, 81
Answers: 1
question
Mathematics, 21.06.2019 20:30
Barbara has a good credit history and is able to purchase a car with a low-interest car loan. she co-signs a car loan for her friend jen, who has poor credit history. then, jen defaults on the loan. who will be held legally responsible by the finance company and why? select the best answer from the choices provided. a. barbara will be held legally responsible because she has a good credit history. b. jen will be held legally responsible because she drives the car. c. barbara will be held legally responsible because she is the co-signer. d. jen will be held legally responsible because she has a poor credit history. the answer is a
Answers: 3
question
Mathematics, 21.06.2019 21:30
Aboard 60 in. long is cut two parts so that the longer piece is 5 times the shorter. what are the length of the two pieces?
Answers: 1
question
Mathematics, 21.06.2019 23:20
Which of the following parabolas opens up?
Answers: 2
You know the right answer?
Lena takes out a loan for her college tuition from a bank that charges simple interest at an annual...
Questions
question
Mathematics, 16.10.2020 01:01
question
Mathematics, 16.10.2020 01:01
question
Mathematics, 16.10.2020 01:01
question
Mathematics, 16.10.2020 01:01
question
Mathematics, 16.10.2020 01:01
question
Mathematics, 16.10.2020 01:01
question
World Languages, 16.10.2020 01:01
question
Advanced Placement (AP), 16.10.2020 01:01
Questions on the website: 13722363