9. Cheatem Loans will lend you $400 with the understanding that you will repay them $500 in one month. What is the APR for this loan?

Q: List three reasons why a person might choose to get a payday loan.

A:

Q: Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming…

A: Solution a: Amount to be paid = Merchandise price - Returns an allowances - discount + Freight In =…

Q: Shen Chem's credit card company determines his minimum monthly payment by adding all new interest to…

A: a) Since Shiing had no new interest to pay, the minimum payment due payable by Shiing on April 1 is,…

Q: Your parents are buying a house for $187,500. They have a good credit rating, are making a 20% down…

A:

Q: Bahay ni kuya sold for 3,500,000 pesos and the bank requires 30% down payment, what is the amount of…

A: mortgage = selling price - down payment down payment=selling price (down payment percentage)

Q: A proposed alternative to the current Social Security system is to set-up an account with $12,000…

A: A proposed alternative to the current Social Security system is to set-up an account with $12,000…

Q: a credit card bill for $655 was due on April 14th. Purchases of 152.56 were made on April 19th.The…

A: Note that it is given that the first payment made after April 14th was on April 19th. This implies…

Q: Franklin Joiner, director of health, education, and welfare, had just left a meeting with the…

A: The provided information is: Meanμ=33000 Standard deviationσ=9000 Consider that X is defined as per…

Q: Suppose you are the human resource manager for a cellular phone company with 700 employees. Top…

A: a) Calculation of total amount to be deducted per pay check for an employee is  1. Life insurance:-…

Q: 3. Mr. Blue and wife were about to celebrate their 15th wedding anniversary. To reserve a hall, they…

A: Given that: 5 equations are presented as: Y=KXY=X2Y=-XY=MX+BY=2X

Q: Some Democrats called for doubling the federal minimum wage. In response, a Republican says, “The…

A: Premise and Conclusion: The Democrats think that everyone should have the same income.

Q: Let's say the following tax cut was applied to U.S. taxpayers who earned up to $55,000 per year. On…

A: Earning $ 55000 Retained money  =5% of earning=0.05*55000=2750

Q: As part of the settlement for a class action lawsuit, Hoxworth Corporation must provi sufficient…

A:

Q: A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is…

A: Given:A payday loan provides short term loans ranging from $250 to $2000. The cost of the loan is…

Q: Illustrate and distinguish between simple and general annuities and provide 5 examples.

A:

Q: 12. Late payments are noted on a credit report. O True O False

A: Given query is to determine stai is true or false.

Q: Carlos earns a gross income of $5,690 per month and applies for a mortgage with a monthly PITI of…

A: Consider the provided question, Given, Carlos earns a gross income of $5,690 per month and applies…

Q: State whether the following statement is true or false, and explain why. If the statement is false,…

A: Given You receive a pay raise of 8%, followed later by a pay cut of 8%.  After the two changes in…

Q: if you have been hired at an annual salary of 23,6000, and expect to  receive annual increases of…

A: topic- geometric progression

Q: years

A:

Q: Assume that you have a balance of $4500 on your Visa credit card and that you make no more charges.…

A: Given information Balance=$4500 APR=21% And each month you make only the minimum payment of 2.5% of…

Q: Provide an appropriate response. 9) _______ is interest paid both on the original principal and on…

A:

Q: A retailer has received an invoice of $8,680 dated September 25, terms 2/20, n/30 EOM, for a…

A:

Q: A donor gives 5,000,000 to a university and specifies that it is to be used to give annual…

A:

Q: Your current mortgage payment is $1,658.50 per month, with a balance of $219,800. Suppose you have a…

A: From the given information. The current mortgage payment is $1658.50 per month. The total balance is…

Q: What is the value of $2000 per year, at a discount rate 11% , if the first payment received 9 year…

A: Given query is to find the future value of the above agreement.

Q: A wholesaler has received an invoice of $21,450 dated November 17, terms 2/20, n/30 EOM, for a…

A: We have to answer question based on invoicing.

Q: What is the percentage of customers in states with a deposit law wh recycle

A: The summarized data of 1000 bottled beverage consumers is obtained as:   Categories Lives in a…

Q: Your current mortgage payment is $1,658.50 per month, with a balance of $219,800. Suppose you have a…

A: Part a) current monthly payment = $1658.50 Part b) Given , Loan Balance = $219800 = PV Term = 30…

Q: If the study is accurate , what is the minimum debt of college graduate can I expect after…

A:

Q: Jim is single and earned wages of $53,036 in 2019. He also earned $2,080 in tips and contributed…

A: Jim is single and earned wages of $53,036 in 2019. He also earned $2,080 in tips and contributed…

Q: When Social Security was implemented during the New Deal, this was the first time that O if you were…

A: I am going to solve the given problem by using some simple algebra to get the required result.

Q: A wife and mother was killed in a vehicle accident and her family has been been given 3 proposals…

A: Ans 1. Proposal 1.  total amount for first 20 years =300000×20=6000000$ total amount for next 20…

Q: If you are planning to apply for a personal loan and borrow PhP 30,000 and repay the principal and…

A: Given, Principal=30,000 php Time=3 years=36 months Part(a):   Bank A Bank B Bank C Bank D Bank E…

Q: The sutiable substitu

A:

Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

A:

Q: 4. John McDonald is employed by Lee & Sterling. He is married, claims two withholding allowances,…

A:

Q: What is the simple interest to the nearest cent on a credit card balance of P1,150.00 at 11%…

A:

Q: A house is selling for $190,000. A deposit of $10,000 was made when the sales contract was signed.…

A:

Q: one particular month, a person has a balance of $$ 1,470 on their credit card for 12 days. They then…

A: Given data, balance (xi) Days (wi) 1470 12 2820 11 2700 8   What is their average daily…

Q: Prepare a Material Purchase Budget for the next year,

A:

Q: A reasonable APR to pay for a 3- year automobile loan is

A:

Q: Ordinary, Deferr

A: Formula for annuities ,  F= [A(1+i)n- 1] / i Proof F = Sum  F= A + F1 + F2 + F3 + F4 + ⋯ + Fn−1 +…

Q: 3. I owe P10,000 due at the end of 3 years without interest. What should my creditor be willing to…

A: The borrower owes P10,000 due at the end of 3 years without interest. At 7% simple interest the…

Q: Kering Credit Union offers a 10-year Certificate of Deposit (CD) with a 3.5% Annual Percentage Rate…

A:

Q: The chief finance officer of your township reminded the township board of a loan that they have to…

A:

Q: Your mobile phone statement shows a balance of $178.59 and the payment is due on April 20. The…

A: Answer

Q: Type of Heating By Delinquent in Payment? Count Yes No Totals Electricity 20 130 150 Heating Oil 15…

A: Given:

Q: Determine the annual insurance premiums for a policy insuring a male age 40 , who wants to purchase…

A: Consider the provided question, Since, the total amount of premium paid annually is called the…