Markus failed to make three payments of $2,500 scheduled one year ago months ago. As his creditor has successfully sued Markus in sr judge orders him to pay his debts. If the court uses a simple per month, what amount should the judge order Markus to Select one: a. $8450.00 b. $8650.00 c. none d. $8550.00
Markus failed to make three payments of $2,500 scheduled one year ago months ago. As his creditor has successfully sued Markus in sr judge orders him to pay his debts. If the court uses a simple per month, what amount should the judge order Markus to Select one: a. $8450.00 b. $8650.00 c. none d. $8550.00
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 34P: Sally is in the business of purchasing accounts receivable last year Sally purchased an account...
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![Markus failed to make three payments of $2,500 scheduled one year ago, nine months ago, and 7
months ago. As his creditor has successfully sued Markus in small claims court, the
judge orders him to pay his debts. If the court uses a simple interest rate of 1.5%
per month, what amount should the judge order Markus to pay today?
Select one:
a. $8450.00
b. $8650.00
c. none
d. $8550.00
Check](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5add1d1-10bb-4c46-b882-ee161a280c97%2F4fa1dafd-716f-4a41-8956-f3cd4f81f1cc%2Fc5kbmy8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Markus failed to make three payments of $2,500 scheduled one year ago, nine months ago, and 7
months ago. As his creditor has successfully sued Markus in small claims court, the
judge orders him to pay his debts. If the court uses a simple interest rate of 1.5%
per month, what amount should the judge order Markus to pay today?
Select one:
a. $8450.00
b. $8650.00
c. none
d. $8550.00
Check
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