. Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest rate of 12%.

Q: Find the effective annual yield to the nearest hundredth of a percent for an account paying 2%…

A: For compounded monthly, n=12

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

A:

Q: Find the amount due at the end of 8 years and 6 months if P4, 000 is invested at 7% compounded…

A: Principal amount:  $ 4000 Interest Rate:  r = 7% Time Period:  t = 8 year 6 months

Q: A student takes out a college loan of $7000 at an annual percentage rate of 5%, compounded monthly.…

A: Given data: Principal, P =$7000 Rate, r=5% Since the interest is compounded monthly, n=12 Amount,…

Q: Suppose you purchase a car and you are going to finance $14,000 for 48 months at an APR of 6.6%…

A: Given:  Finance amount (P)=$14,000             Time (t)= 48 months= 4 years             Interest…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: 2. At an interest rate of 2% per month, the money will double in value in how many months?

A: The compound interest formula for an amount P compounded per month at a rate of r% for n months is…

Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

A:

Q: A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can the homeowner…

A: Given that  A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can…

Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

A:

Q: Henry has inherited $18 000 and would like to invest the money to pay for new car in two years. If…

A: The amount he invested for new car is:  P = $18,000 Interest rate:  r = 4.9% Interest is compounded…

Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…

A:

Q: If u make an investment of $5000 and the investment earns an annual interest rate of 2.1%, how much…

A: The simple interest SI on a sum of P at R rate of interest for T years is expressed as SI=P×R×T100…

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: Find the apy for an account earning 4.3% compounded six times a year

A:

Q: How much should Lindsey's dad invest into a savings account today, to be able to pay for Lindsey's…

A: I am attaching image so that you understand each and every step.

Q: the per age. (R your earest cel $800,000 borrowed at 7% for 2 years, with quarterly payments

A: Use formula of periodic payment

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

A:

Q: Find the final amount of money in an account if $6,600 is deposited at 6% interest compounded…

A: Given: An amount of $6,600 is deposited at 6% interest compounded annually and the money is left for…

Q: Sam deposits $400 at the end of every 6 months in an account that pays 7%, compounded semiannually.…

A: ANSWER :

Q: If a person takes a mortgage OMR 82,000 for 25 years, with a rate of interest 4% compounded…

A: Total number of periods is 100. Therefore answer b is correct.

Q: For an investment of $100,000 at 6% interest for 7 years, find (a) the simple  interest, and (b) the…

A:

Q: n how many years will the amount of P10,000 triple if invested at an interest rate of 10% compounded…

A:

Q: An investment of $5,650 is made in an account compounded quarterly at 5.1%. How much will the…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 5% interest…

A:

Q: A loan of $23,000 is made at 5% interest, compounded annually. After how many years will the amount…

A: Proceed as shown below

Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: You deposit $3000 in an account earning 3% interest compounded monthly. How much w have in the…

A: Given: You deposit $3000 each year into an account earning 3% interest compounded monthly. Tofind:…

Q: An item at a department store is priced at $189.99 and can be bought by making 20 payments of…

A:

Q: . Shirl started to deposit P18,000 semi-annually in a fund that pays 5%E compounded semi-annually.…

A: Given query is to find the amount wccumy after 10 years.

Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…

A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months

Q: A student takes out a college loan of $4000 at an annual percentage rate of 6%, compounded monthly.…

A:

Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…

A:

Q: A student takes out a college loan of $8000 at an annual percentage rate of 4%, compounded monthly.…

A:

Q: Sarah deposited $15,000 in an investment fund that was growing at a rate of 3.00% compounded…

A: Please refer to the image below

Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…

A: Topic = Algebra

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6%, t = 1 year

A: Consider the given values, P = $5000, r = 6%, t = 1 year The simple interest formula is defined as,…

Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: the

A:

Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: I want to have $20,000 to buy a car in five years. How much would I have to invest now in a savings…

A: We will use the Compound Interest formula to find the amount you need to invest every year to get…

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A:

Q: For an investment of $100,000 at 9% interest for 8 years, find (a) the simple interest, and (b) the…

A: Here, P=$100,000 r=9% t=8 years

Q: Karen has $1000 from investing in an account that pays 3.2% interest compounded quarterly at the end…

A: We will use formula for compound interest.

Q: 1.Martha invest $8500 at an annual rate of 5% compounded quarterly per year. How much money will she…

A:

Q: How long will an amount of money double at a simple interest rate for 10% per annum? years

A: How long will an amount of money double at a simple interest rate for 10% per annum?

Q: Es A loan of $15,000 is made at 8% interest, compounded annually. After how many years will the…

A: