Michaela Is Supposed to Pay $15,000 to Mahmoud, but Due

question 294

Multiple Choice

Michaela is supposed to pay $15,000 to Mahmoud, but due to financial constraints, has to be delayed by on quarter. Determine the future amount if the rate of interest is 11.45%

• A) $14,618.43
• B) $14,727.31
• C) $15,429.38
• D) $15,631.42
• E) $17,727.66

---

Definitions:

Bundle

A group or collection of items that are offered together as a single package.

Laspeyres Price Index

A price index that measures the relative price change of a basket of goods and services, using the quantities from the base period.

Per Capita Income

An average income earned per person in a given area (city, region, country) in a specified year, often used as an indicator of the economic health of a region.

Laspeyres Price Index

The Laspeyres Price Index measures the change in the price of a basket of goods and services over time, using the quantities of the base period.