Answer to Question #326133 in Financial Math for mpams

Question

Fabiola owes $6,350 payable at 2 months and $9,163 at 5 months including interest. To the ter 

In the first 40 days, you make a $7,000 credit, how much will you settle your account 125 days after you made the first credit? Assume interest of 10.8% nominal monthly. a) $8,389.34 

c) $8,629.03 d) $8,921.45 e) Other 

How many days after the first deposit, Fabiola, the girl of problem 25, cancels her 

debt with $9,100? (a) 299 

(b) 324 

(c) 408 

(d) 397 

(e) Another 27.