Lisa borrowed money at a 6% simple interest rate. IF she paid back a total of $8000 at the end of 10 years, how much did she originally borrow? Write your answer appropriately as dollars and cents.

Answers

Answer 1

Answer:

The original amount borrowed = $4,467.158

Explanation:

We need to determine the present value

Present value = FV/((1+r)^n)

FV = $8,000

r = 6%

n = 10

Inserting the figures in the formula mentioned above:

PV = $8,000/(1+0.06)^10

PV = $4,467.158


Related Questions

Which element explains the purpose of Florida’s constitution?

Answers

Answer:

The articles of the florida constitution explain the purpose of the constitution because they explicitly state the provisions that are necessary in order to govern the state. They propose the specific rights a person will have, as well as the configuration of the state powers.

Which Pharaoh was famous for their advanced irrigation canals. a)Rameses I
bHatshpesut
c)Ramses II
d)Tutankhamun

Answers

Answer:

C.) Ramses ll

Explanation:

When he built his city of Per-Ramesses at th site of ancient Avaris, his canals were to be the most impressive in all of Egtpt.

1. Which of the following are constitutional officers? Select all that apply. (2 points secretary of state
attorney general
governor
lieutenant governor

Answers

Answer:

governor and secretary of state

This major tourist attraction in downtown Atlanta recognizes the international importance of the soft drink that is headquartered in Georgia's capital city

Answers

Answer:

World of Coke

Explanation:

Answer:true

Explanation:

Under which system of government does executive power reside with a single individual? A. Presidential system
B. Parliamentary system
C. Cabinet system
D. Titular system
Please answer this question with a reasonable explaination because i feel the answer is A.Presidential system but the back of the past question is telling me it is C and i find it hard to believe so and triple ps there is no difference between a cabinet and a parliamentary system sooooooo help me out guys​

Answers

The answer should be A since the president is a single individual

What did Gandhi try to do during his "nonviolent noncooperation" movement? Wait until the British decide to give independence to India.
Peaceful protests between the Muslim and Hindu Indians.
Encourage self-immolation among Indians.
|
Unify Muslims and Hindu Indians against the British.

Answers

Answer:

resigning their titles; boycotting government educational institutions, the courts, government service, foreign goods, and elections; and, eventually, refusing to pay taxes.

Explanation:

Significant events that happend in the 11th century? (no copy and pasting from the Internet) ​

Answers

Answer:

-Pope Leo IX ascends to the papacy.

-England is invaded by William the Conqueror. He subsequently becomes King after victory in the Battle of Hastings.

-First Crusade. Under the urging of Pope Urban II, Jerusalem is retaken from the Muslims. Christians assumes its control.

-Tower of London's construction commences. It's deemed property of the British empire.

-Avicenna, of Persia, sets a standard medical text later to be known as 'The Canon Of Medicine'.

Significant events that happend in the 11th century (no copy and pasting from the Internet) ​

Answers

Eleventh century is regarded to be the period of high middle ages.

Explanation:

There was a sudden decline in Byzantine Empire and there arose the Norman domination all over Europe. there was a great gap what kind Christendom to be followed whether the papacy of the orthodox conventional worshiping of Christ. In Italy , capitalism rose to the highest level making the urban areas the main hub of trade and commerce.

Song Dynasty started to find its strong base and Confucian teachings were meticulously practiced. Chola era reached its highest zenith fame in the field of military might and global influence. In japan Fujiwara clan attained fame in controlling affairs if the nation.  

What did ships traveling the Middle Passage carry? O A. Sugar
O B. Slaves
O C. Guns
O D. Cotton

Answers

Ships traveling the middle passage carried b. slaves

ALSO FROM THE WEST: Which issue caused mass unrest in the West before the same issue was disrupted the life of the
nation?
Slavery
Women's suffrage
Environmental degradation
Conflicts with Native Americans

Answers

Conflicts with Native Americans

d. conflicts with Native Americans

Explanation:

In the winter , plains settlers faced deadly blank . ​

Answers

Answer:

diesases

Explanation:

in the winter many tribes had deadly dieseases.

What is not a reason for hitler becoming chancellor in 1933? A) Nazis increasing popularity and parliamentary elections in the early 1930’s
B) Nazis securing a majority of parliamentary seats in the election of 1932
C)Hitler’s strong showing in the 1932 presidential election
D)President Hindenburg having the power to appoint a Chancellor and cabinet that doesn’t necessarily represent a majority in parliament
E)Hindenburg being coaxed into appointing Hitler chancellor in the hope that it would catalyze a stronger coalition in parliament

Answers

The correct answer is letter D

Adolf Hitler, leader of the Nazi Party, was appointed chancellor of Germany on a day like this, in 1933. He was experiencing a phase of meteoric rise, driven by the frustration of the people with the poor economic conditions, by the resentment of defeat in World War I and the severe punishments imposed on the country in the Versailles Treaty. His plan, embraced by a large part of the population, was to make the country unified and powerful, under the command of a single party.

A charismatic speaker, Hitler channeled popular discontent with the Weimar republic in support of the Nazi Party. In an election held in July 1932, the Nazis won 230 government seats; together with communists, the second largest party, occupying more than half of the Reichstag, the German parliament.

Hitler, as chancellor, marked a crucial point for Germany and also for the world. His plan, embraced by a large part of the population, was to make the country unified and powerful, under the command of a single party. Hitler immediately started a rapid expansion of state, Gestapo police and appointed Hermann Goering to command the security forces, composed entirely of Nazis and dedicated to eradicating any opposition to the party.

Answer:

The answer is B

Explanation:

Which best describes the Shang class system? A. The quality of burial depended on class.
B. Priests were in the top class, as in India.

C. Farmers were in a high class

D. Family was not important.​

Answers

The Shang class system can be described as follows: A. The quality of burial depended on class.

Explanation:

Shang Dynasty practiced categorization of people based on their social status. The citizens were classified into four social classes:

i) The king and aristocracy

ii) The military

iii) Artisans and craftsmen

iv) Peasants

The king and aristocracy were considered as the upper class and it was the most respected social class. Only the members of the aristocracy involve in governing the smaller areas of the dynasty.

The worst part of Shang dynasty was even the quality of the burial of the person depends upon their social class.

Decide whether each statement is a positive or negative effect of removing the machines and putting in a store. 1. Healthy snacks cost more than unhealthy snacks. 2. Parents, nutritionists, and politicians are calling for healthier snacks in school. 3. Research shows a link between eating healthier food and being healthier. 4. It would be expensive to open a store and purchase all of the snacks. 5. It would require students and faculty to work in the store, and then it would only be open at certain times of the day.

Answers

Answer:

negative, positive, positive, negative, positive

Explanation:

PLEASE HELP, I AM NEW SO I DON'T HAVE A LOT OF POINTS, SO I CAN'T GIVE YOU MUCH, BUT PLEASE HELP!!! What bodies of water were mills built along?
How do dams help power mills?
Where was America’s first spinning mill?

Answers

1. Usually rivers
2. They can control the water flowing through
3. Pawtucket

Which words best describe Roman armor? outdated and ineffective

complicated and heavy

simple and light

attractive but impractical

Answers

complicated and heavy are the best describe Roman armor.

What is Roman armor called?

lorica segmentata (Latin pronunciation is lorica lamminata (also called lorica lamminata. A type of armor for the armor, a circular band attached to an inner leather strap. The Romans wore three types of armor: Lorica Hamata (armor), Lorica Squamata (scales), and Lorica Segmentata (plate).

Under armor, Legionella wore padded robes, tormatus, for protection, most commonly made of iron, but sometimes bronze was used instead. The rings were joined by alternating combinations of closed disc-shaped rings and riveted rings. This resulted in a very flexible, reliable, and powerful armor.

Archaeologists discovered the entire body of Roman armor and some weapons during an archaeological excavation at an archaeological site in South Wales. This rare discovery was made during an archaeological excavation at Fort Carleon in southern Wales, one of Britain's most famous Roman ruins.

Learn more about Roman armor here: brainly.com/question/3653791

#SPJ2

Complicated and heavy

What were the greatest factors in the American victory at Yorktown?

Answers

Alliance with France. ...

British Debt. ...

Distance. ...

Familiarity with the Territory. ...

Hearts and Minds.

What were the conditions created by the slave importation clause in Article 1 of the Constitution? A.the clause prevented congress from banning the importation of slaves for 20 years and prevented the tax on importing an enslaved person from exceeding $10 per person
B.the clause increased the power of white voters in the South at the expense of the enslaved African Americans
C.the clause increased representation in Congress for the southern states
D.the clause barred people who had escaped slavery in the South from living as free people in northern states

Answers

Answer:

The answer is: A

Explanation:

Article 1, Section 9, Clause 1, is one of a handful of provisions in the original Constitution related to slavery, though it does not use the word “slave.” This Clause prohibited the federal government from limiting the importation of “persons” (understood at the time to mean primarily enslaved African persons) where the existing state governments saw fit to allow it, until some twenty years after the Constitution took effect. It was a compromise between Southern states, where slavery was pivotal to the economy, and states where the abolition of slavery had been accomplished or was contemplated.

Answer:

A.the clause prevented congress from banning the importation of slaves for 20 years and prevented the tax on importing an enslaved person from exceeding $10 per person

Explanation:

I got this right. (hope that this helps) :)

The size of the United States doubled as a result of the Louisiana Purchase in 1803. This purchase included land that eventually became many states. Which state was part of this purchase?
Florida (FL)
Texas (TX)
Oregon (OR)
Nebraska (NE)

Answers

Answer:

Nebraska (NE)

     

Answer:

NE

Explanation:

I took the test and got it correct

What was the goal of the wealthy planters in the south

Answers

To grow the cash crop cotton and sugar Cain
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