9. Andy put $6000 into a certificate of deposit account which generates interest at the rate of 0.7%. Find: (a) Total amount after 2 years. (b) How much interest was earned over 2 years?

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: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: You own a home that was recently appraised for $330,000. The balance on your existing mortgage is…

A: Find potential amount

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: 8. When Melissa was born, her parents put $8,000 into a college fund account that earned 9% simple…

A: Solution : Given                  Principal amount (p) = $ 8000                        Rate (R) = 9%…

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

A: topic - compound interest

Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: Melissa Sorez, age 42, takes out a $300,000 five-year term insurance policy. What is her annual…

A:

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: ou deposit $400 each month into an account earning 6% interest compounded monthly. a) How much will…

A: Formula is as below : here P = $400 r = 6 % n = 12 t = 20 years

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

A:

Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

A:

Q: Last year, Martina deposited $2000 into an account that paid 4% interest per year and $6000 into an…

A: We have the formula to calculate interest. I=pnr where p is the principal amount, n is the number of…

Q: A company purchased an asset for P10,000.00 and plans to keep it for 20 years. If the salvage value…

A: Please check step 2 for the solution.!

Q: 5. Margo borrows $900 and must pay it back with 6% interest after 7 months. What is the total amount…

A: Margo borrows $900 and pay it back with 6% interest after 7 months.

Q: 4) If an account pays interest compounded monthly, and the APR is 5.2%, what is the APY? (write the…

A: We have given APR=5.2% =0.052=rcompounded monthly…

Q: What is the dividend yield on Stock A that sells at $15/share, when Company A pays a quarterly…

A:

Q: O A total of $2,000 is invested at a simple interest rate of 7% for 5 months. How much interest is…

A: Initial amount=P=2000 Interest rate=r=7%=0.07 Time=t=5 months=512 years I=interest earned=?   We…

Q: 1. XYZ Company declared a dividend of P100,000,000 for its common stocks. There a total of 500,000…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

A:

Q: 7. Mr. Buenaventurado's annual net income is 81 200 000 What is his annual gross income

A: # we are entitled to solve one question at a time ,please resubmit the other questions if you wish…

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

A:

Q: A person has ​$1,264 in your bank account that is paying an interest rate of 2.7​% ​(0.027​) per…

A: image is attached

Q: 15. Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of…

A: Here given that   Principal on loan P=$3100 Rate of interest r= 0.65% monthly  total simple interest…

Q: Suppose you want to have $700,000 for retirement in 35 years. Your account earns 10% interest. a)…

A: The given information is that the future value is $700,000 and the number of years is 35. The…

Q: 5--A bank loaned out $17,500, part of it at the rate of 8% annual interest, and the rest at 6%…

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: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 5% interest. a) How…

A:

Q: what is the formula for finding the total amount of the mortgage if a house is sold at 350,00 and a…

A: Given, total amount of mortgage is 35000 down payment = 15% we have to determine 30 year mortgage at…

Q: How much do you need to deposit (since the beginning of the year) for 12 years if you were to…

A: Given future lump sum of money at 15th year = 23236.25  Interest rate = 8% To determine the deposit…

Q: major airline is plannin

A: Given that a major airline is planning to purchase new airplanes. It wants to borrow $800 million by…

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 10% interest. a)…

A: The objectives are: a) How much would one need to deposit in the account each month?b) How much…

Q: What's the current yield of a 3.8 percent coupon corporate bond quoted at a price of 102.08? (Round…

A: Given that 3.8% coupon corporate bond quoted at a price of 102.08. Formula for current yield is…

Q: Dividends in arrears means that _____?

A: Dividend in arrears account reflected in balance sheet means that dividend has not been paid in the…

Q: What is the total annual dividend received from owning 100 shares of stock A, if Company A issues a…

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: How long will it take a borrower to diminish P198, 480 if a lender charges 15.65% monthly and…

A:

Q: 1. Diana deposits $725 into savings account that pays 2.3% simple annual interest. How much interest…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: 1. A bank charges 12% simple interest on a P300.00 loan. How much will be repaid if the loan is paid…

A:

Q: Mr. Tan borrowed P15,000 from the faculty fund at 13.25% simple interest for 210 days. How much…

A: Given:   Let Borrowed Amount (P')  = P15,000 and rate of interest = 13.25% ,  time period 210 days…

Q: 9. If Rachel owns a share of stock that costs P1 450.00 an pays annual dividend of P150.00. What is…

A:

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: You  borrowed $1500 at 21% simple interest. What is the total amount to be repaid  1 year 55 days…

A: Consider the following simple interest formula: I=P×R×T100Where,P=PrincipleI=InterestR=Rate of…

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

A:

Q: What is the interest rate per conversion period if P29,500.00 was invested at

A:

Q: (ii) A new machine was purchased for $45,000. For tax purposes, the company depreciates the value by…

A: The exponential growth or decay is governed by the equation, f(t)=a1±rt. Here, a is the initial…

Q: Suppose that you have just been hired at an annual salary of $22,000 and expect to receive annual…

A: The salary increment will be just like a compound interest. A = P (1+ r/100)t   A Is the amount, P…