document.write( "Question 1173636: Kathleen has a $610 loan payment due in eight months. What amount of money should she be able to pay today if the interest on her loan is 3.75% per annum?\r
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document.write( "Equivalent amount =?\r
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Algebra.Com's Answer #851951 by ikleyn(52756)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( "Kathleen has a $610 loan payment due in eight months. What amount of money \n" ); document.write( "should she be able to pay today if the interest on her loan is 3.75% per annum?\r \n" ); document.write( "\n" ); document.write( "Equivalent amount =? \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The problem is worded incorrectly, since it does not define the notion/conception \" today \" on the timeline.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "To be correct, the problem, in traditional formulation, should ask\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " What amount of money should she pay at the maturity day of the loan ?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "As the problem is presented in the post, it makes it clear \n" ); document.write( "to me (and to anyone) that its composer is unprofessional Math writer.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |