2. You decide to buy a boat that costs $8200. The normal depreciation 14% per year. How much will the boat be worth after 7 years? Eguation:

Q: You want to be able to withdraw $30,000 each year for 30 years. Your account earns 6% interest. a)…

A:

Q: d the amount of money that accumulates when $310, 000 is placed annually into a non-interest-earning…

A: Given query is to find the amount accumulated.

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

A: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

Q: 15. Mrs. Martinez is buying a sweater that is on sale for 25% off of the original price.She has…

A: Mrs.Martinez is buying a sweater that is on sale for 25% off of the original price.She has coupon…

Q: You decided to purchase P50 000 LED TV through your credit card. After a month you discovered from…

A: According to our guidelines we are supposed to do only one question. Kindly repost ohter question as…

Q: ou deposit $120 each quarter into an account earning 3.6% interest compounded quarterly. a) How…

A: topic - compound interest

Q: You want to be able to withdraw $30,000 each year for 20 years. Your account earns 9% interest. a)…

A: Here we want to be able to withdraw$30,000 each year for 20 years. Account earns 9% interest. We…

Q: What is the monthly payment for a home costing $425,000 with a 10% down payment and the balance…

A:

Q: You want to be able to withdraw $40,000 each year for 15 years. Your account earns 6% interest.a)…

A: From the given information, the amounts withdraw $40, 000.The number of years is 15 and interest is…

Q: A different car loan is advertised with a 3.25% APR. What is the monthly rate? (If necessary, round…

A:

Q: You want to purchase a computer that has a price of $2206 plus 5% sales tax, and you decide to pay…

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Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: he Treasury Department auctioned $15 billion in 3-month bills in denominations of $10,000 at a…

A: formula for effective rate =r1-rt where t=3 month12 month=14

Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

A:

Q: You want to buy a home.  You can borrow 80% of the purchase price.  Assuming that you can make a…

A: Given that    You want to buy a home.  You can borrow 80% of the purchase price.  Assuming that you…

Q: A house and lot has a selling price of PhP 1,960,000. A client made a down payment of PhP 460,000…

A:

Q: 12. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: You want to purchase a bond that has a face value of $40,000

A: Given, Face value of the bond: F=40000 Quarterly interest payment: I=40000×8100×14=100×8I=800 Yield…

Q: Suppose you want to have $500,000 for retirement in 35 years. Your account earns 9% interest.a) How…

A: (a)Given:

Q: 4% simple interest , Maria loaned 35,000 after 10 years. how much he pay for interest?

A: The principal amount is: P=35000 And the interest rate is: r=4% And the time: t=10 year The interest…

Q: You want to be able to withdraw $20,000 each year for 20 years. Your account earns 5% interest…

A:

Q: 5. The Jacobs Family owned a condo in Bethpage Acres. They bought it for $130,000 6 years ago and…

A:

Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

A:

Q: can you solve it with formulas?please make your text readable.

A: Given information PV=$500 Rate of interest r=12% ⇒r=12100=0.01 Time t=2 years Formula for simple…

Q: You want to be able to withdraw $25,000 each year for 15 years. Your account earns 7% interest. a)…

A: (a) $227698 (b) $375000 (c) $147302

Q: 3. A restaurant bill is $59 and you pay $72. What percentage gratuity did you pay

A:

Q: mortgage, what is the total amount of interest? *

A: Here total interest paid = total payments-borrowed amount

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. How…

A:

Q: 5. The repayment on a loan was P13,670. If the loan was 15 months at 12% simple interest per annum,…

A:

Q: You sign a simple discount promissory note for $7,000 at a discount rate of 3%, for 48 months. What…

A:

Q: 1. You take out a quick pay day loan for $2000 to cover your December rent and utilities. If the…

A:

Q: #4: On the day you were born your grandmother put $10,000 in a bank account for you that earned 5%…

A: Formula: A=P1+r100t where A= Final amount P= Initial amount r= Interest rate t= Time (In years)

Q: a) Sara deposited RM2,800 in an account when she was 15 years old. The simple interest rate offered…

A: Given problem Given that   a) Sara deposited RM2,800 in an account when she was 15 years old.…

Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns 8% interest. a) How…

A: Given: Future value:  F = $ 800,000 Time Period: 25 year Interest Rate: 8%

Q: You decided to buy a TV set on an installment basis. agree to pay 2, 999 every end of the month,…

A: To find: The amount of payments after 18 months. Given information: A person buy TV set on an…

Q: Suppose you buy a home and finance $170,000 at $1247.40 per month for 30 years. a) What is the…

A: Given  Home price  is P= $170,000 Monthly charge is PMT = $1247.40 The number of years is t= 30…

Q: Pandemic Bank charges 4% for discounting loans. If Super Tekla agrees to repay 3,000 in 6 months,…

A: "Since you have asked multiple questions we will solve first question for you. If you want any…

Q: You bought a bond with 8% coupon rate, 10 year maturity, and $1000 par value for $1,039 one year…

A: We have coupon rate =8% Coupon Amount = face value×coupon rate=$1000×0.08=$80 Total return = (Income…

Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

A:

Q: You want to be able to withdraw $45,000 each year for 30 years. Your account earns 4% interest. a).…

A:

Q: How much will Lee receive at the end of 4 years?

A: Principle, P = $18,400 Annual interest rate, r = 8% = 0.08 No. of times interest compounded per…

Q: (a) What is the rebate fraction of a 36 month loan paid off after the 15th payment ? (b) what is…

A: (a) Consider that a loan for 36-month is paid off after the 15th-payment. Compute the remaining…

Q: You own a home that was recently appraised for $310,000. The balance on your existing mortgage is…

A: The appraised value of the home is $310,000.

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $190,000 at an annual…

A: Data Given: Time: 20 years Loan Amt: $ 190000 Annual Ineterest: 8.25% = 0.0825 Answers: (a) $ 1619…

Q: Bill bought a $2,000 ,9-month certificate of deposit  that would earn 8% annual simple interest rate…

A:

Q: | 4. The Booster Club raised $30,000 for a sports fund. No more money will be placed into the fund.…

A:

Q: (a) What is the rebate fraction of a 36 month loan paid off after the 13th payment? (b) What is the…

A: Use the Formula of rebate fraction to solve this problem.

Q: Last year, Reuben deposited $2000 into an account that paid 2% interest per year and $3000 into an…

A:

Q: A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at…

A: