3. A company rents an office building for $5500 per month. If they spend $49,920 to upgrade the facility, by how much would they have to increase the monthly rent to recover the cost of the upgrade within 4 years?

Q: 4 a) If a house is sold for $790,000 plus GST what is the actual sale price? Iman b) If a house is…

A: 4) Given information: Open market price=$790,000 Rate of GST=12%

Q: b) Suppose that the amount in an account 3 years after being invested at 7% is $6050. What was the…

A: A=P1+rtr=rate p= principal amountA = amoiunt

Q: If the annual dividend per share for a company is $ 0.41 and the closing price $22.21, then the…

A:

Q: A man gets a job with a salary of $33,200 a year. He is promised a $2,450 raise each subsequent…

A: Salary is 33,200 a year raise is 2450  . This forms an arithmetic progression the value of a=33200…

Q: 1. Assume a 6-month CD purchased for $5,000 pays simple interest at an annual rate of 9.5%. How much…

A: As per Bartleby answering guidelines if multiple questions are posted in a single picture then an…

Q: A man gets a job with a salary of $32,500 a year. He is promised a $2,190 raise each subsequent…

A:

Q: 2. Suppose you are offered a job as a full-time online tutor. The starting annual salary is…

A: Given salary 150000 Interest 5% Time 10 years

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

A:

Q: Upgrading a Class B office space to a Class A space will cost $8,085. How much will the monthly rent…

A:

Q: What lump sum must be invested at 8%, compounded quarterly, for the investment to grow to $30,000 in…

A: we will useA =P1+rnntGiven A =$30,000r =0.08n=4      (quaterly)t =12 years

Q: Suppose you want to accumulate $25,000 as down payment on a house and the best you can do is to put…

A: The number of monthly installments required to get a certain FV n=ln(Fvi+cp)-ln(cp)ln(c+i)-ln c FV =…

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: A job pays $30,000 for the first year with an annual increase of 4% per year beginning in the second…

A: Given data - first year salary -30,000 dollar, increment of 4% of every year. The above sum can be…

Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: Suppose that your parents have enough money to buy a car and a house. The car that they want to buy…

A: Cost of the car at buying time is =P 800,000 . Depreciation rate is 15%. It means that cost of the…

Q: If the annual dividend per share for a company is $0.16 and the closing price $27.31, then the Stock…

A:

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: 2. When buying a new car, one consideration is how fast the car loses value, known as the…

A:

Q: 5. How much is a sum of £3500 worth at the end of five years if deposited at (a) 11% simple interest…

A:

Q: A $50,000 retirement pension is to be invested into two accounts: a money market fund that pays 8.5%…

A: An amount of $50,000 is invested in two accounts that pays 8.5% and 10.5%. Yearly interest is $4550.…

Q: A small construction company has $135,000 set aside in a capital improvement fund to purchase new…

A: $24,000 is invested at 24% per year, interest gained in one year =$24,000×0.24=$5,760 $38,000 is…

Q: 2. Suppose Rhea finished 120 units in a week. She is being paid using a straight piece-rate plan,…

A: Here, the girl finished 120 units in a week, and the pay rate is P4.50 per piece/unit.

Q: If the annual dividend per share for a company is $0.14 and the closing price $21.81, then the Stock…

A:

Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

A:

Q: 3. Irene has a job that pays $15 per hour. If she works 30 hours per week, what is her gross pay per…

A:

Q: If a bank advertises "triple your money in 12 years", what simple rate of interest is it offering?

A: We need to calculate the simple interest that the bank offers. The bank says "triple your money in…

Q: What lump sum must be invested at 10%, compounded monthly, for the investment to grow to $65,000 in…

A: We have to find a lump sum that must be invested at 10%, compounded monthly, for the investment to…

Q: How much interest will be charged on ₱7,300 borrowed for three (3) years at a simple interest rate…

A: To find Interest charged charged on 7,300 borrowed for three (3) years at a simple interest rate of…

Q: Suppose a new car is purchased for $68,000 and depreciates by 22% over the first year of ownership.…

A: Given query is to find the amount deprecated per mile.

Q: If an account earns an effective rate of 4%, what will the real rate of interest be if: a.…

A: Here, nominal rate is 4% or 0.04.

Q: Suppose that a life insurance company insures 5700 ​40-year-old people in a given year.​ (Assume a…

A: Given that - Death rate is 4 per 1000 People Among 55700 people = (4/ 1000) × 5700 = 4 × 5.7 = 22.8…

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: 5 How many years will it take to be able to accumulate P20,000 to P32,427.25 at 1.75% simple…

A:

Q: At what simple interest rate will an amount of money gain 50% of the principal in 4 years?

A: Principal = PAmount = A Time = T = 4 yearsAccording to question, Amount becomes 150% of principal…

Q: 1) Suppose a credit card borrower has a debt of $4000 with an interest rate of 24%. Assume the…

A: Formula for the compound interest is given by,

Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

A:

Q: Suppose Sam makes $75,000 a year while Willie makes $6,500 per month.  Who makes more money per…

A:

Q: 4. How long will 1 million pesos earn a simple interest of 200.000 at 2% per annum?

A: Since you have asked multiple questions, we will solve the fourth question for you simple interest…

Q: A sum of $20,000 is used to buy a deferred perpetuity-due that pays $2,100 every year for the first…

A: Solution

Q: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

A:

Q: 15. How much money should you deposit in a bank so that it will accumulate to P100,000 at 1% simple…

A:

Q: A credit union is offering 30-year home loan with annual rates of 4.1% with 1.5 points or 3.8% with…

A: Given p=$330000

Q: If a new car costs $25,000 and depreciates at a rate of 16% per year, what will be the value of the…

A: We know that, if a depreciation of r% per year is applied over an amount P for n years, then the…

Q: 5. How long will an amount of P50,000 gain a simple interest of P10,000 at 4% per annum?

A:

Q: If the annual dividend per share for a company is $0.19 and the closing price $ 21.84, then the…

A: