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A: According to the given informationMaturity value(V) = $5000Rate of interest (r) = 5.5% = 0.055Time…
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Q: What rate of interest (as a percent), compounded monthly, is needed for $1000 to grow to $8500 value…
A: This question is based on Compound interest.
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A: In the above question we use compound interest. Compound Interest is the future value (FV) of an…
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A: Given :
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Q: What annual interest rate is earned by a 26-week T-bill with a maturity value of $9,500 that sells…
A: It is given that, maturity value=$9,500, purchase price=$8,915 and number of days to maturity=…
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Q: 61. Inflation If the average inflation rate is 2%, how long is it until purchasing power is cut in…
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Q: A 6-year bond costs $9,000 and will pay a total of $2,700 interest over its lifetime. What is its…
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Q: 6. How much would Abraham receive if he invest P100,000 for 4 years at 11% simple interest? (Round…
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Q: Maturity 10 10 (years) Annual 4.40 3.00 5.25 5.15 6.15 4.50 Rate (%) General Electric bonds you…
A: In this question, the invested amount is calculated when the annual rate and total amount are given.
Q: A financial institution is willing to lend you $400. However, $450 is repaid at the end of one week.…
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Q: The price of an item in 2004 was $1.3. Use an inflation rate of 4% to calculate its price in 2030.…
A: The inflation formula is: The inflation value is 4%. The initial price was $1.3.
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A: Given that P = 1000, A = 950 and n = 2
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A: Given that, the purchasing power of $1000 is only $930 after 2 years. To Find: The average inflation…
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A: Given that,Inflation is expected to average 2.4% per year for the next 44 years.The money required…
Q: Answer the following question. You borrow $1000 from a friend and promise to pay back $1975 in 5…
A:
Q: 58. Inflation If the inflation rate averages 2%, how much will $1000 purchase in 3 years?
A: Inflation implies that the value of money decreases with time. Inflation rate of 2% implies that the…
Q: 10. You decide to invest $1000 at the beginning of every year. If your rate of return is 3%…
A: here we have PMT=1000 n=1 for annual payment r=3%=0.03 t=5 years
Q: 4. Inflation is leading to meat price increases of 6.7% per year. (a) What is the approximate…
A: As per given by the question, inflation is leading to meat price increases of 6.7% per year. Now,…
Q: 3. Six years ago a Honda Accord was worth $21,000. Now the car worth $15,099. a. What is the annual…
A: Given that six years ago a Honda Accord was worth $21,000 and now the car is worth $15,099. To find:…
Q: BUSINESS • ECONOMICS What annual interest rate is earned by a 16-week T-bill with a maturity value…
A:
Q: The average inflation rate of the U.S. dollar over the last six years is 2.8% per year. If a new…
A: Given inflation rate r = 2.8% = 0.028 Price of new car six year ago = P = $29,000 Time period t = 6…
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Q: 2.34. Fred Abbott has just opened an IRA in which he plans to deposit $150 at the end of every…
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Q: 7. If a $2,500 investment grows to $2,875 in 15 months, what simple interest rate was earned? (Hint:…
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Q: 12. Answer the following questions if you deposited 1,000 dollars into a bank account earning 6…
A: we have to calculate semi annually compound interest
Q: You borrow $600 for 60 days at a simple interest rate of 3.8%. What is the interest on the loan? Be…
A: Principal = $600 Number of days = 60 = 2 months Simple interest for 2 months = 2*(3.8/12) = 0.633%
Q: (b) What is the equivalent annual interest rate? (Round your answer to two decimal places.)
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Q: 2. She deposits $250 at the end of each month. The IRA has an average annual interest ate of 8.25%.…
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Q: A financial institution offers you a one-year certificate of deposit with an interest rate of 5…
A: Deriving from the Fisher equation, we get that real interest rate equals the nominal interest rate…
Q: 60. Inflation Ifthe amount that $1000 will purchase is only $930 after 2 years, what was the average…
A: Given : If the amount that $1000 will purchase is only $930 after 2 years. To find the…
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A:
Q: 62. Inflation If the average inflation rate is 4%, how long is it until purchasing power is cut in…
A: The inflation represent decline in the purchasing power or value. For example consider the annual…
Q: (a) Find the actual value of the athlete's contract. (b) Assuming an annual inflation rate of 4%,…
A: Actual value, present value
Q: 6) Sam opened a bank account with an interest rate of 4.8% that is compounded annually. He invested…
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Q: A professional athlete signs a 4-year contract in which the earnings ? can be modeled by c =…
A: The given function is c = 3,000,000+ 750,000t and t = 4. Obtain the actual income as follows.
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A: The future value of a product having a current value of $ P which appreciate at a rate of r %…
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Q: 13. A money market fund advertises a simple interest rate of 9%. Find the total amount received on…
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Q: A professional athlete signs a 4-year contract in which the earnings c can be modeled by c =…
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Q: Sam invests $2,000 in an account with an interest rate of 6.7% compounded annually for 3 years. What…
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Q: 12) Mark and Kate are establishing a fund for their son's college education. What lump sum must they…
A:
Q: 68. An investment decreases by 5% per year for 4 years. By what total percent does it decrease over…
A: Let the investment be $100. After 1 year , the investment is decreased to 95% of 100=$ 95 After 2…
Q: 8) You want to deposit $5,000 in an account and have three different options. Complete the table and…
A:
Q: 9. DETAILS Calculate the amount of simple interest earned. $1,000 at 4% for 7 years
A: Given that, Principal amount,p =$1000 Interest rate, r = 0.04 Time period,t = 7 years The formula…
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