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Shawn Reedy borrowed $17,000 on a 120-day, 12% note. After 65 days, Shawn paid $2,000 on the note. What is the adjusted balance after the partial payment?  Use ordinary interest.

The # of periods on $5,000 at 12% compounded semiannually for 10 years is 10 periods.

 The trade discount results if the customer pays the bill within the discount period.

Convert to a mixed number: 113/6

Round the following number to the nearest thousand 54,819

Killington’s ski shop ordered 300 pairs of skis. When the ski shop received the order, 60 pairs of skis were missing. What percent of the order did the ski shop receive?

Merle Fonda opened a new savings account. She deposited $40,000 at 10 percent compounded semiannually. At the start of the fourth year, Merle deposits an additional $20,000 that is also compounded semiannually at 10 percent. At the end of 6 years, the balance in Merle’s account is: (Solve using the financial calculator. Select the best answer.)

The LCD of 6/20, 9/5, 7/50 and 3/4: 

.678 as a percent equals 6.78 percent. 

Convert to a mixed number: 113/6