Pam Wedel borrowed $15,000 to pay for her child's education at Riverside Community College. Leslie must repay the loan
at the end of 9 months in one payment with 5% interest. How much interest must Leslie pay? What is the maturity value?
LU 16-1(1)

Interest rate is $562.5 , Maturity value = $15,562.5

Explanation:

Pam borrowed $15000

$15,000 is the principal amount ...p

Nine months is the duration..t

Interest rate is a 5% which is per year interest rate...r

the interest for Pam will be P x rt

=15000x 5% X 9/12

=15000 x 0.05  x 0.75

=562.5

Interest rate is $562.5

maturity value = principal plus interest

=$15000+ $562.5

=$15,562.5

Maturity value = $15,562.5

answer; descriptive statistics;

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.