Calculate in details All Chanyes saveu11. A 180-day note was signed on June 11 for $24, 700. The note has a rate of 9.5%, compounded annually. A payment of $6, 000 was made on July 2. Calculate the new balance owed on the principal on July 2. Use thebanker's method which uses a 360-day year.$143.40O $24, 593.25$18, 836.88O $5, 856.60 10. Mitchell purchased a laptop 3 months ago using his credit card. After making a few payments, the unpaid balance on his card is now $648.40.lf he purchases a printer for $219.95 and makes a payment of $300.00 thismonth, calculate the new unpaid balance.The finance charge on his credit card is 1.65%per month on the unpaid balance.$568.35$879.05$579.05$675.35

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Answered: A 180-day note was signed on June 11…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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