Ask your own question, for FREE!
Mathematics 19 Online
OpenStudy (anonymous):

please, some help with interest theory!!

OpenStudy (anonymous):

AJ takes out a small business loan of 15500 dollars at a nominal rate of interest of 7.4 percent convertible quarterly. One year later, he repays 3500 dollars. Two years after that, the bank wants to sell AJ's loan to another institution. How much does AJ owe at that time?

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Jasonisyours: any tips on how to get better at art
1 hour ago 6 Replies 3 Medals
zariahispretty: How Do I get my old account back if password not working
8 hours ago 9 Replies 1 Medal
Raye14: Why do people like to hurt me
2 hours ago 17 Replies 3 Medals
XQueenFAMARIX: WHO u choosing Polo G or LILTJAY ud83eudd14?
4 minutes ago 14 Replies 0 Medals
JuneTheAssasin2923: Does anyone know anything about literary analyisis papers?
9 hours ago 8 Replies 1 Medal
xEdwinX: what are peoples thoughts on suicide
9 hours ago 43 Replies 2 Medals
Limitless2: could someone please help me
12 hours ago 6 Replies 0 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!