BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach 7 seats left
Chris Peckover
NEXT LIVE COHORT

Oct 13 to Jan 7, 2027

with Chris Peckover

Schedule
Tue, Thu · 8:00 to 10:00 PM ET
Included
40 live hours + 6 months of GMAT OnDemand
  • Live instruction and real-time questions
  • Class recordings and assigned practice
View class & enroll
Limited cohort · enrollment openTarget Test Prep
EALiveTeach 5 seats left
Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll
Limited cohort · enrollment openTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

manhattan interest word problem

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Legendary Member
Posts: 789
Joined: Sun May 06, 2007 1:25 amFollowed by: 6 members
Location: Southern California, USA
Thanked: 15 times
by resilient » Tue Mar 04, 2008 3:43 pm
An investment asset pays to the owner 5.75 % on annual basis. IF the same asset pays annual interest rate of 5.25% instead of 5.75% on a semi annual basis without compounding, what isthe difference in each payment to the owner who holds 16,800 dollars worth of this asset?

4.20
42
84
420
840


qa is 42. how so? please explain in detailed fashion.
Appetite for 700 and I scraped my plate!
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Master | Next Rank: 500 Posts
Posts: 111
Joined: Thu Jan 31, 2008 4:05 pmFollowed by: 1 member
Thanked: 18 times

by xilef » Tue Mar 04, 2008 4:49 pm
5.25% of 16800 is 882

semi annual basis, that's 2 payments of 441 each

5.75 of 16800 is 966

semi annual basis, that's 2 payments of 483 each

483-441 = 42

or 84 annually

in this question it is unclear whether you should provide the difference between annual payments or semi annual since the first option involves annual payments.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Legendary Member
Posts: 789
Joined: Sun May 06, 2007 1:25 amFollowed by: 6 members
Location: Southern California, USA
Thanked: 15 times

yes

by resilient » Tue Mar 04, 2008 5:15 pm
I see your point on the ambigous question. I thought I was reading wrong but the question doesnt explain if it wants the difference on a 6 month basis or 12 month basis.
Appetite for 700 and I scraped my plate!
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1