Ask a New Question

Someone loaned me $20.00 in 1962 without quoting an interest rate. Using whatever the market interest rate was at that time, how much money would I owe in 2013 including principal and interest, straight and compounded.

Ask a New Question or answer this question.

Similar Questions

A bank loaned out $7,500, part of it at the rate of 15% annual interest, and the rest at 6% annual interest. The total interest
1. 1 answer
A bank loaned out $28,500, part of it at the rate of 8% annual interest, and the rest at 2% annual interest. The total interest
1. 1 answer
A bank loaned out $23,500, part of it at the rate of 14% annual interest, and the rest at 5% annual interest. The total interest
1. 1 answer
A bank loaned out $7,500, part of it at the rate of 15% annual interest, and the rest at 6% annual interest. The total interest
1. 1 answer

more similar questions