Recent Posts • Latest Topics • Unanswered Questions

Leo's Furniture is offering a "houseful of furniture" for $7,777. Furthermore, if you make a down ...

JSmith1

wrote...

Go to Answer

Posts: 185

Rep:

2 years ago

Leo's Furniture is offering a "houseful of furniture" for $7,777. Furthermore, if you make a down ...

Leo's Furniture is offering a "houseful of furniture" for $7,777. Furthermore, if you make a down payment of $777 you can wait for 2½ years to pay the $7,000 balance. If Leo's Furniture immediately sells the $7,000 receivable contract to the Corleone Finance Group at a discount rate of 24% compounded monthly, how much money will Leo's actually receive for the "houseful of furniture"?

▸ $3,864.50

▸ $4,255.53

▸ $4,641.50

▸ $5,679.53

▸ $6,897.50

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

Read 100 times

1 Reply

Report

Replies

Answer verified by a subject expert

ahgoebel

wrote...

Posts: 158

Rep:

2 years ago

More solutions for this book are available here

Report

Related Topics

JSmith1 Author

wrote...

2 years ago

Correct

Smair87

wrote...

Yesterday

Helped a lot

Fleury

wrote...

2 hours ago

Smart ... Thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1295 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

503

2606

364

Your Opinion

Previous poll results: Who's your favorite biologist?

Strange Ingredients Lurking in Doritos Chips

Bonobos, Chimpanzees, and the 98% DNA Link

Courses by Biology Forums

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.