PROBLEM 2 ( Total 10 marks) Part A- ( 5 marks) An invoice states that interest will be charged on overdue accounts at the rate of 1½% per month. What will be the interest charges on a $3,760 billing that is 3 months overdue?     Part B- (5 marks) A two-payment stream consisting of $1,750 due today and $2,900 due in 18 months is to be replaced by an economically equivalent stream comprised of an undetermined payment due in 9 months and a payment of $3,000 due in 19 months. Calculate the unknown replacement payment if money is worth 4.2% compounded monthly.         

The net price of a computer that is subject to a trade discount of 25% is $1,251. What is the list price? 

Sara quit smoking and saves $80 per month previously spent on cigarettes. She invests the money at 5% compounded monthly. How much will she have in 10 years? 

Betty borrowed $50 from Chuckie for 2 years at 9% compounded monthly. How much did she owe at the end of the two years?

How much must be placed in a two-month term deposit earning 4.8% in order to earn $275 interest? 

What principal will grow to $12,031.25 at 7.5% interest in 15 months? 

The net price of an item is $327. The list price is $855. To the nearest 0.1%, what is the rate of trade discount? 

An invoice for $20,000 dated March 15 with terms 3/10, 2/20, n/30 is received in the mail on March 17th. A payment of $10,000 is made on March 26. To the nearest dollar, how much is credited to the account? 

 M Studios buys cameras at a unit cost of $250. Their operating expense is 40% per unit of cost, and their desired unit operating profit is 30% of cost. What selling price should M Studios advertise for the camera? 

The nurse is preparing to administer the third dose of an IV antibiotic to a client diagnosed with cellulitis. The healthcare provider prescribed vancomycin 1.25 g IV infusion over 90 minutes. The pharmacy supplies vancomycin 1,250 mg in 250 mL of D5W.  At what rate will the nurse program the infusion pump? Round the answer to the tenths.