question archive Computrek has made arrangements with AFG to pay $40 000 May 1
Computrek has made arrangements with AFG to pay $40 000 May 1
Subject:MathPrice: Bought3
Computrek has made arrangements with AFG to pay $40 000 May 1. a. What is the credited amount? $[: b. What is the outstanding balance owing? $ :1 2. The 60 days elapses and Computrek is unable to pay the outstanding amount. They have outstanding loans of $12 000 which was due on March 1 and another $6 000 which is due on November 1, both at 6% interest. Computrek has made arrangements to payoff the two outstanding loans as well as AFG (use the date of payment May 1 for this and the year 201 8 for the solution) at 6.5% interest on September 10. a. What will be the ?nal payment amount on September 10 to satisfay all of Computrek's debts?
