A $2600 certificate of deposit held for 86 days was worth $2614.29. What simple interest rate was earned? Assume a 360-day year. ..... The certificate of deposit earned an interest rate of %. (Type an integer or decimal rounded to the nearest tenth as needed.)

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

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: A bond has a $11,000 face value, an 8-year maturity, and a 2.75% coupon. Find the total of the…

A:

Q: Hui acquired a $9,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A: We have to find the simple interest rate.

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: Jason acquired a $10,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A: Given problem:- Jason acquired a $10,000.00, 91-day, Province of Alberta T-bill on its date of issue…

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

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: What monthly interest rate equals a quarterly interest rate of 15%? Give your answer as a decimal…

A:

Q: What daily interest rate equals a quarterly interest rate of 8%? Give your answer as a decimal…

A: In this case we have to find out the interest rate using equivalence relationship so I'm providing…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

A: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

Q: Consider a 30-year fixed-rate home loan of $555,500 with an interest rate of 5.75%. What is the…

A:

Q: Consider a 30-year fixed-rate home loan of $417,500 with an interest rate of 5.875%. What is the…

A: We will find the monthly payment as following.

Q: If the simple interest on $3,000 for 7 years is $1,050, then what is the interest rate? The rate is…

A: We need to solve it by the basic formula of simple interest.First we need to specify the given…

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: Consider a 30-year fixed-rate home loan of $555,500 with an interest rate of 3.25%. What is the…

A: Given: Time = 30 years, Initial Value =  $555,500, Interest rate = 3.25%. Let us first find the…

Q: Consider a credit card with a balance of $7000 and an APR of 15.99%. In order to pay off the balance…

A: Given Amount borrowed =$7000 APR=15.99% Time =3 year

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

A:

Q: laney depositedinto, a hank daldes evea 0 years, The bank çompounds inte onfinuosly. What annual…

A:

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of…

A:

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: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: A car dealer will sell you a used car for $6,498 with $798 down and payments of $162.51 per month…

A:

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: If you sign a discount note for $9,500 at a bank discount rate of 7% for 3 months, what is the…

A: Given information Principal P=$9,500 Rate of interest r=7% ⇒r=7100=0.07 Time t=3 months Hence, t=312…

Q: Find the interest. Round to the nearest cent. $1180 at 7.6% for 14 months

A: It is given that, $1180 at 7.6% for 14 months.

Q: find the total amount due and the amount of simple interest earned. round to the nearest cent…

A:

Q: Consider a 30-year fixed-rate home loan of $515,500 with an interest rate of 5.75%. What is the…

A: Given: P=  $515,500 ,           r=5.75% =0.0575 ,                        t=30 year

Q: Which of the following is the present value of PHP 1,280,000 due in 5 years if the money is worth…

A:

Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

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: If $1600 earned simple interest of $27.20 in 6 months, what was the simple interest rate? The simple…

A:

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: Consider a 30-year fixed-rate home loan of $525,500 with an interest rate of 3.75%. What is the…

A: We have to find the interest of given amount. The solution is following.

Q: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years

A:

Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?

A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725  Time, t=9 months = 912=0.75…

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: A bond has a $11,000 face value, a 9-year maturity, and a 3.05% coupon. Find the total of the…

A: Annual interest on bond is simple interest earned on face value of bond, calculated as follows:

Q: Find the balance in an accou interest rate of 3.8% per yea

A:

Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…

A:

Q: If you sign a discount note for $5,500 at a bank discount rate of 9% for 9 months, what is the…

A:

Q: you purchase $24,000 in U.S. Treasury Bills with a discount rate of 4.9% for a period of 26 weeks,…

A: Principal =$24000, Time, T = 26 weeks = 182 days = 0.505 years Discount rate = 4.9%

Q: Tiffany acquired a $5,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A:

Q: to the nearest cent.) $550 is deposited monthly for 14 years at 3% per year

A:

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: A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at…

A: