Solve the problem.A loan officer at a bank has $97,000 to lend and is required to obtain an average return of  per year. If he can lend at the rate of  or the rate of  how much can he lend at the  rate and still meet his required return?

A.

$7,461.54?

B. $48,500.00
C. $1,212,500.00
D. $4,041.67


Answer: B

Mathematics

You might also like to view...

Solve for x. Be sure to reduce your answer. Check your solution.-x = -10

A. x = -1 B. x = 0 C. x = 10 D. x = -10

Mathematics

Evaluate the function as indicated.g(x) = log2 xg()

A. -1
B.
C.
D. 2

Mathematics

Solve.m +  = - 

A. m = 
B. m = - 
C. m = 
D. m = - 

Mathematics

Solve the equation.x + 7 = x - 8

A.
B.
C.
D.

Mathematics