Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simple interest rate of 8%. Loans x and y will be consolidated to form loan z with a principal of $ (10,000x + 10,000y) and a yearly simple interest rate of r%, where r =. In the table, select a value for x and a value for y corresponding to a yearly simple interest rate of 5% for the consolidated loan. Make only two selections, one in each column.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simple interest ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Merchandise with an invoice price of $6,000 is purchased on september 2 subject to terms of 2/10, n/30, fob destination. freight costs paid by the seller totaled $200. what is the required payment if paid on september 12
Answers (1)
Alliance Company's budgets production of 39,000 units in January and 43,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound.
Answers (1)
Which industry has been relying on neural network technology for over two decades?
Answers (1)
Find the expected return for Jackson Corporation. Round to the nearset hundredth percent. Answer in the percent format. Do not include % sign in your answer (i. e. If your answer is 4.33%, type 4.33 without a % sign at the end.)
Answers (1)
Shanken Corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. The bond currently sells for 95 percent of its face value. The book value of the debt issue is $45 million.
Answers (1)
New Questions in Business
Why are career clusters useful in a career search?
Answers (1)
Sumaira is scared that she will not find a job in the current economy. she decides to be a business major and attend one of the top business schools in the country. upon graduation, she is hired by a major investment banking firm in new york.
Answers (1)
Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact he would enjoy the flavor of the tiramisu the same amount every time, Josh only buys it when he would be the only one having dessert.
Answers (1)
A 1,500,000 SF plant employs 300 people and produces 177,000 LCD panel per month. The plant is idle, on average, 2 months each year for maintenance, repairs, and retooling.
Answers (1)
This year Aetna announced it was moving out of Hartford, Connecticut, where it had held it headquarters for over 100 years. The announcement sent shockwaves through an already economically challenged state.
Answers (2)