7 Choose the option that shows the balance of a savings account at the end of 6 years if the simple interest earned each year is 6.5% and the principal is $1, 300. A $507 B $1,807 $5,070 D$6,370

Q: 5. Jack borrowed $2750 at a rate of 4.7% per year. a) What is the interest that is accrued for one…

A: The borrowed amount = $2750 Rate of interest = 4.7% per year Interest incurred in one year is…

Q: 3. If you borrow $220,000 at an APR of 3.5 for 25 years, you will pay $1,101.37 per month. If you…

A:

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

A:

Q: Suppose you want to buy a new car that costs $32,500. You have no cash - only your old car, which is…

A: 1) The amount need to finance to buy the car is $32,500-$4,000=$28,500. 2) The interest rate is 4% ,…

Q: You want to buy a $240,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: As per bartleby guidelines only 3 subparts are answered, please upload the rest separately. If 20%…

Q: 7. Sam has a balance of $1985 on his credit card. If the interest rate is 14.5% compounded monthly…

A:

Q: Salaries If you accept a job paying $32,000 for thefirst year, with a guaranteed 8% raise each year,…

A: Formula an=a1(1+r)n

Q: A 6-year bond costs $9,000 and will pay a total of $2,700 interest over its lifetime. What is its…

A:

Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: Use the savings plan formula to answer the following question. At age 40, you start saving for…

A:

Q: Use the savings plan formula to answer the following question. You put $200 per month in an…

A: Given problem Given that   You put $200 per month in an investment plan that pays an APR of 6.5​%.…

Q: An item can be sold for P60,000 in 60 days and P57,000 if sold in 15 days. What is the simple…

A:

Q: The average annual cost of college at 4-year private colleges was $25,143 in the 2008–2009 academic…

A: The average annual cost of college at 4-year private colleges was $25,143 in the 2008–2009 academic…

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

A:

Q: 4. You purchase a used car for $8,000 with a loan at 2.4% monthly payments. Find the Payment and how…

A: Note: As in the question it is not given that the amount of interest is compounded or simple…

Q: A new bank customer with $4,000 wants to open a money market account. The bank is offering a simple…

A: Given    P=$4000   r =1.6%=0.016  t = 10

Q: A man used as a loan program for a small business to obtain a loan to help expand his vending…

A:

Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending…

A:

Q: You invest $1,000 in an account that pays 7% simple interest.  What will the balance be after 8…

A:

Q: 12. Sajini recently bought an entertainment system. She paid $100 as a down payment on the system,…

A: Let us find the selling price of the system in the next step.

Q: You are looking to buy a house with a 30-year mortgage.  The interest rate is 2.85%. 5. What will…

A: As per our guidelines we are supposed to solve only question, kindly repost the remaining question…

Q: 6.2 Dental Insurance You plan to purchase dental insurance TRY for your three remaining years in…

A: a.Random variable:A random variable, usually denoted as X, is a variable whose possible values are…

Q: Use the Saving for Retirement information above to answer this question. You decide to deposit $180…

A: Given data:- You have to deposit $ each month, P=180$ The retirement fund earning is,…

Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: Given: Amount with which John wants to retire with per month is $10,000. To find: Principal that is…

Q: Suppose you want to have $700,000 for retirement in 20 years. Your account earns 10% interest. a)…

A: As per bartleby guidelines we only give first question answers.

Q: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

A:

Q: 4. You put 5000 dollars in a saving account that pays 2.5 percent interest annually. What is the…

A: From the given information, the principal is P=5000, interest rate 2.5% and the time is n years.…

Q: Which option, if any, would allow you to repay a loan in less time? a) decrease the regular payment…

A: Let us solve the given question in the next step.

Q: 13. Juan borrowed $27,000 from a bank to purchase a car. If he borrows the money at 4.15% interest…

A:

Q: Salaries If you accept a job paying $32,000 for thefirst year with a guaranteed 8% raise each year,…

A: Salary is $32,000. Each year the salary increase is 8%. At the end of 1st year we get,…

Q: 00 5. %24 %24 %24 You want to buy a $237,000 home. You plan to pay 10% as a down payment, and take…

A:

Q: Bob has saved a total of P2,550,000.00 for retirement. He put the money in a mutual fund which pays…

A:

Q: Which option, if any, would allow you to repay a loan in less time? decrease the regular payment…

A:

Q: Ashley lives in a condominium in downtown Toronto and works as a business analyst. He earns an…

A:

Q: You want to buy a $256,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: Given. The cost of houses 256,000 dollar. The down payment is 20% The loan duration is 30 years.

Q: Use the savings plan formula to answer the following question.   Your goal is to create a college…

A: The savings plan formula is, A=PMT×1+APRnnY-1APRn In the formula, A be the accumulated balance, PMT…

Q: Katrina has the option of an 8 year non subsidized student loan of $32,000 at an annual interest…

A: Simple interest applies for a student loan.   A non-subsidized loan accrues interest throughout the…

Q: Your Friend buys $19,000 car. You friend is financing the purchase with a loan at 3.6% with monthly…

A:

Q: a. What were the high and low prices for a share for the past 52 weeks?High= Low = b. If you owned…

A: Here AS PER POLICY I HAVE CALCULATED 3 SUBPART PLZ REPOST FOR REMAINING PARTS

Q: 6 Chloe deposits $2,000 in a money market account. The bank offers a simple Interest rate of 1.2%.…

A:

Q: 2. At age 30 you invest P5,000 into a mutual fund. If the fund averages an 8% annual return, your…

A: Note: According to our expert guidelines only first individual question is to be answered kindly…

Q: 2. You decide to buy a boat that costs $8200. The normal depreciation 14% per year. How much will…

A:

Q: Kenyatta purchased a $5,000 face value discount note for $4,925. The note will reach maturity in 39…

A: enyatta purchased a $5,000 face value discount note for $4,925. The note will reach maturity in 39…

Q: The average annual cost of college at 4-yearprivate colleges was $31,231 in the 2014–2015…

A: a) Given that

Q: . Chris purchases a living room set for $4,900. He has a one-year, no interest, no money down,…

A: I am going to solve the problem by using some simple calculus to get the required result of the…

Q: You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: The objective is to find the monthly payment

Q: At what simple interest rate will a sum of money triple itself in 15 years? A 13.33% B 3.33% 6.67%…

A:

Q: If P3000 is deposited in a savings account paying 3% a year. How much will you have in the account…

A:

Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine…

A: