MrHarry Leggs Borrows $5000 Today,due with Interest at J₄ =

question 10

Multiple Choice

Mr.Harry Leggs borrows $5000 today,due with interest at j₄ = 8% in one lump sum at the end of 2 years.Instead,Mr.Leggs wishes to pay $2000 six months from today and $X in 18 months.If money is worth j₁₂ = 6%,what is X?

• A)$3252.09
• B)$3346.29
• C)$3465.95
• D)$3562.23

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Definitions:

PLC's Memory

The storage area in a Programmable Logic Controller where data, instructions, and system information are kept for processing and control tasks.

END Instruction

A programming command that specifies the end of a block of code or the conclusion of a program's logic sequence.

User Program

A software application or set of instructions created by a user or developer to perform specific tasks on a computer or device.

XIC

Stands for "Examine if Closed", a PLC programming instruction used to check if a specified contact or virtual contact is in the closed state.