A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in order to have $10,560 to replace all the windows in your house in 4 years? .... O A. $2,560 O B. $5,120 OC. $8,000 O D. $256

Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…

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Q: If an amount of $1821 is borrowed at a simple- interest rate of 7% for 4 years. Then the simple-…

A: The principal amount, P = $1821 Simple interest rate, r = 7% = 0.07 Time, t = 4 years To evaluate :…

Q: You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5%…

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Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

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Q: Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years?…

A: Consider the given information. PV=$10000 r=12.5% t=3 years And, the values are defined as.

Q: If a business borrows $12,700 and repays $22,225 in 5 years,what is the simple interest rate?

A: Simple interest formula for an amount of P for an interest rate r% of t years is given by the…

Q: ) What simple interest rate will convert a $200 investment into $250 in one year ? a)O 6% b) O 10% O…

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Q: Hungen Inc. borrowed $100,000.00 from a financial company with an ordinary simple interest rate of…

A: Here money is borrowed from tbe financial company for simple interest rate . So here we can apply…

Q: Consider a 30-year mortgage for $356,901 at an annual interest rate of 4%. What is the remaining…

A: in this question, we have  principal balance = $356901 total mortgage time = 30 years  we have asked…

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

A: Given that total amount of loan is P=$8000 , time is 60 months or t=6012=5 years, total simple…

Q: A bond with a face value of $4000 and a 3.8% coupon has a 5-year maturity. Find the annual interest…

A: Given: Face value (P) = $ 4000 Interest rate (r) = 3.8%

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

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Q: You receive a loan of $22,000 for 24 months at 5.2% compounded semiannually? How much interest is…

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Q: The activity on Denise Helling's Master Card account for one billing period is shown below. Find the…

A: Consider the provided question, To calculate average daily balance, we need to determine total…

Q: If an amount of 1,120 OMR, which includes a 5% simple interest for 2 years, is paid back, how much…

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Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.95% coupon. Find the total of the…

A: Given Principal = $14000 time = 9 rate r = 2.95%

Q: How much would you need to deposit at the end of every quarter into an IRA with an 8% APR in order…

A: Deposit Amount = P(1+r/100)t

Q: Determine the present value now of an investment of $3,000 made one year from now and an additional…

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

A: Given: i=7%=0.07 which is compounded monthly so n=12

Q: The activity on Denise Helling's Master Card account for one billing period is shown below. Find the…

A: Consider the provided question, To calculate average daily balance, we need to determine total…

Q: In working problems involving interest, if the payment period of the interest is quarterly, then…

A: We know that quarterly means one-fourth part. In a year there are 12 months. Quarter of a years…

Q: An individual purchased a 5-year, $10,000 promissory note with an interest rate of 3.5%/year…

A: Given: An individual purchased a 5 year, $10,000 promissory note with an interest rate of 3.5% per…

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

A: Given interest rate is 10% and expected monthly income after retirement is $10,000 This monthly…

Q: A bond has a $11,000 face value, a 6-year maturity, and a 2.9% coupon. Find the total of the…

A: solutionGiven principle(p)=$11,000Rate=2.9%=0.029timet=6

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

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Q: (b) What will be the amount of an ordinary annuity of $100 each month for three years if interest at…

A: An ordinary annuity is a series of equal payments made at the end of each period of the specified…

Q: A loan, amortized over 10 years, is repaid by making payments of $1,000 at the end of every month.…

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Q: A furniture set is purchased with a downpayment of 75,000 php, and the balance at 10,000 php a month…

A: Let's find.

Q: Find the present value of $52500 at a simple interest rate of 7 1/2% in 8 months.

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Q: A loan of 28,900 is obtained for 5 months at 8 3/5 %. How much is the simple interest?

A: Given that : a loan of 28,900 is obtained for 5 months at 8 3/5 %. We find the simple interest.

Q: 1. Faith availed of a cash loan from Home Credit that gave her an option to pay 10,000 monthly for 1…

A: Solution: Interest rate per month (r) = (12% / 12) = 1% Monthly payment (P) = 10,000 n = 12 Monthly…

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: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

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Q: payday loan store charges $50 for a one-month loan of $180. What annual interest rate is this…

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Q: Find the simple interest on a $4,520 principal, deposited for 6 years at a rate of 2.25%. Round to…

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Q: If an amount of $1650 is borrowed at a simple-interest rate of 4% for 5 years. Then the…

A: Given Principal=P=$1650  Rate=R=4% Time=T=5years

Q: If an amount of 2,130 OMR, which includes a 8% simple interest for 2 years, is paid back, how much…

A: Given data set: Amount paid back after 2 years = 2130 OMR Rate of Interest = 8% Time Period = 2…

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: What amount must be set aside on a boy’s seventh birthday, which will provide 24 quarterly payments…

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Q: Suppose you buy a home and finance $275,000 at $2,233.17 per month for 30 years. What is the amount…

A: According to question, Cost of home = $275,000, Cost of finance = $2,233.17 per month, Time period…

Q: If $1,000 is invested at 16% interest, compounded annually, for five years, what is the ending…

A: The investment is compounded annually : Present value of Investment =  PV=1000PV = 1000  Interest…

Q: A life insurance company will sell a 23-year annuity paying $1,100 at the end of each month for…

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Q: If you deposit $2000 into a fund paying 4% interest compounded monthly, how much can you withdraw at…

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Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

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Q: 1. If you borrow Pho 30,000 at 7.5% simple interest annually for 10 years, how much will you have to…

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

A: Given interest per month =$10000 Interest per year =10000x12=$120000 Rate of interest per year =4%

Q: Use a calculator to evaluate the present value of an annuity formula for the values of the variables…

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Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.85% coupon. Find the total of the…

A: Topic - interest payment on bond Interest Payment = face value × r ×t

Q: If you borrow $4,000 for 4 years at an interest rate of 3%, how much TOTAL will you pay? * O $8000 O…

A: Given that P = 4000 R = 3% = 0.03 T = 4 Since We know that SI = PRT