A bank in London, Ontario has a buying rate of CHF 1 = C$1.2973. If the exchange rate is CHF 1 = C$1.3267, calculate the rate of commission that the bank charges. 0.00 % Round to two decimal places

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A: Given :  time  = 8 years,  Annual simple interest = 6% Total amount = $70,660 To find : principal…

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Q: Your total payment on a 2 year loan, which charged 9.5% annual simple interest, amounted to $70,560.…

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Q: Find the value at an interest rate of 4% for the following: (i) (Ta) 201

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Q: A bank in London, Ontario has a buying rate of CHE 1- C$1.3367. If the exchange rate is CHF 1 =…

A:

Q: If you buy a computer directly from the manufacturer for $2,838 and agree to repay it in 36 equal…

A: Please refer to the image below

Q: If vou buy a computer directly from the manufacturer for $2,835 and agree to repay it in 36 equal…

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Q: O The total simple interest owed on a loan of $8,000 after 60 months is $1,280. What is the yearly…

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Q: Find the mortgage payment for a 15-year loan of $224,100 at an annual interest rate of 8.15%. (Round…

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Q: Given the following Simple Interest Balance Function. B(t) = 850 +32.30-t What is the annual…

A: In this question the principal amount is 850 and interest earned each year is 32.3

Q: If you buy a computer directly from the manufacturer for $2,654 and agree to repay it in 48 equal…

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Q: How much would Olga's semiannual premium be for a five-year term insurance policy with a face value…

A: According to the given information, Face value = $330000 Insurance term = 5 years Gender = Female…

Q: A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's…

A: Given: APR or annual percentage rate = 32.47% billing cycle: 30 days Annual percentage rate means…

Q: Find the amount of simple interest on a loan of $2,500 at 4.22% interest for 13.75 months. (Round to…

A: Interest=$2500*12.75 months*4.44%

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

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Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: c. Find the tax due on a taxable income of $24,766. (Round to the nearest cent as needed.)

A: Solution-  Here all part is answered only part C is left  So i am helping to solve part C C) tax due…

Q: If you buy a computer directly from the manufacturer for $2,436 and agree to repay it in 48 equal…

A:

Q: If you purchase $22,000 in U.S. Treasury Bills with a discount rate of 4.1% for a period of 26…

A: Given data, Face value is $22,000 Discount rate is 4.1% Number of periods is 26 weeks

Q: Find the effective rate of Interest that is equivalent to an 6% rate compounded monthly. 6.09 % O…

A: Answer is mentioned below

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Q: assume the $11,700 treasury bill, 6% for 12 weeks. calculate the effective rate of interest. (use…

A: Given that, the $11700 treasury bill, 6% for 12 weeks.

Q: 2.Consider a student loan of $18,000 with an APR of 6% for 8 years. Find: a) the monthly payment;…

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Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

A: Solution

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

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Q: In order to purchase a residential homesite, a man borrows $50,000 from his father. The son pays his…

A: Let's find.

Q: Find the effective rate of Interest that is equivalent to an 7% rate compounded monthly. O 7.20 % O…

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Q: Has a credit plan which charges her an interest rate of 36% compounded bimonthly. What is the…

A: Here, the formula used is: i=1+rmm-1...(1)

Q: Jennifer Marlowe was making $43,276 in 1980. Use the CPI table to determine whát her salar would be…

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Q: Consider a 30-year fixed-rate home loan of $545,500 with an interest rate of 4.25%. What is the…

A: We need to find out the total interest paid.

Q: Consider a 30-year fixed-rate home loan of $515,500 with an interest rate of 3.75%. What is the…

A: Let  L, c and n denote the loan amount, the rate of interest per payment and the number of payments.…

Q: if the inflation rate were 4%, how long will it take for $1 item to cost $2

A: Using this trick C2=c1(1.04)^x

Q: If you purchase $28,000 in U.S. Treasury Bills with a discount rate of 4.3% for a period of 26…

A: Consider the given information.

Q: Find the mortgage payment for a 15-year loan of $223,300 at an annual interest rate of 8.25%. (Round…

A: n =12  t =15 A = $223300  r =8.25%.

Q: Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on…

A: Given information Principal amount P=$5,600 Time t=235 days ⇒t=235360 years Amount of interest…

Q: below. AMOUNT OF COMMISSION TOTAL SALES COMMISSION RATE P40,000 1 1 3% 2. P2,500 5% P150,000 3.…

A: # we are entitled to solve three subparts, please resubmit the other parts if you wish to get them…

Q: Angela currently owes $6,000 to a friend who is charging her interest of 2.80% p.m. She is required…

A: Given information Value of loan today=$6000. Rate r=2.80% p.m=0.028 p.m Let us assume the equal…

Q: Complete the table. Principal rate time interest $4,000 6% 3 yr $ Account 1 2 yr 2$ Account 2…

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Q: (a) Compared to the 10-year loan, each payment of the 5-year loan will be $ greater. (Round the…

A: We are given that $ 50,000 is borrowed at an annual interest of 6%  and that there are 4 interest…

Q: A man is required to pay P57,500 at the end of 15 days and for P60,000 at the end of 60 days.…

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Q: A student loan of $50,000 at a fixed APR of 6% for 20 years has a monthly loan payment of $4,359.23,…

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Q: With a certain medical insurance​ policy, the customer must first pay an annual ​$100…

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Q: b. By what percentage does the monthly payment on the 9.8% mortgage exceed the monthly payment on…

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Q: A $2000 Treasury bond with a coupon rate of 6.0% that has a market value of $1875

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Q: Find the amount of monthly payment necessary for the deposit to a sinking fund. A equals $50,000, N…

A: equals $50,000, N = Semiannually, r=14%, t=10

Q: Compute the specified quantity. Your total payment on a 3 year loan, which charged 7% annual simple…

A: Amount = principal (1+ ((rate*time)/100)) simple interest= (principal*rate*time)/100