A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows ​$21,000 for 4 years with a simple interest rate of 1.8​%.

Q: 2. Kelly plans to deposit her graduation money into an account and leave it there for 4 years while…

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Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine…

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Q: Margaret can finance the purchase o Plan A: 10%/a simple interest for Plan B: 5%/a compounded quarte

A: In this question, the concept of compound interest is applied. Compound Interest  Compound interest…

Q: 2.7

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Q: A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of…

A: Here we solve the given problem.

Q: Karen bought a $100,000 Face, 182-day Government of Kazakhstan T-bill for $90,931.74. He sold the…

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Q: A student takes out a short-term loan to pay for tuition, books, and supplies. If the simple…

A: P=$4300, R=5 & T=6 months=612 year=12 year  ∵1 year=12 months Now simple interest is,…

Q: You can afford a $350 per month car payment. You've found a 3 year loan at 6% interest. How big of a…

A: Monthly payment is R= $350 Monthly interest rate is i=0.0612=0.005 Number of payments=n=12×3=36 The…

Q: Arianna has put $37,600 into a retirement fund. The fund has an estimated annual return of 10%. If…

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Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

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Q: A new bank customer with $4,000 wants to open a money market account. The bank is offering a simple…

A: Given    P=$4000   r =1.6%=0.016  t = 10

Q: A man used as a loan program for a small business to obtain a loan to help expand his vending…

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Q: BRIDGE LOANS To help finance the purchase of a new house, the Abdullahs have decided to apply for a…

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Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending…

A:

Q: certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of 405…

A: Given query is to find the interest rate charged.

Q: Someone borrowing from a five-six ( Bumbay) money lender. How much will be charged if you want to…

A: The formula of simple interest is,                                SI =PRT/100 Where,  SI = simple…

Q: 12. Sajini recently bought an entertainment system. She paid $100 as a down payment on the system,…

A: Let us find the selling price of the system in the next step.

Q: A car dealer offers to buy your car for $9,500 so that you can purchase a new one. If your monthly…

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Q: Engr Andrewversace loans from a loan firm an amount of P100,000 with a rate of simple interest of…

A: Given amount 100,000 loans from a firm with rate of simple interest 20% but the interest was…

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: Q2: A company has additional money to invest for future funds growth. If the selected investment…

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Q: Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months…

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Q: Jack Tripper signed a $9,000 note at Fleet Bank.  Fleet charges a 9.25% discount rate.  If the loan…

A: consider the equation

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: A bank offers 0.25% annual simple interest for a deposit. If you deposit ₱500,000.00, how much…

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Q: Nabras borrows OMR 4800 for 10 months at a simple interest rate of 8% per year. Determine the…

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Q: You can afford a $300 per month car payment. You've found a 5 year loan at 4% interest. How big of a…

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Q: You can afford a $300 month car per payment. You've found a 4 year loan at 2% interest. How big of a…

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Q: What is the balance after 2 years on a CD with an initial investment of $2,600.00 and a 3.2%…

A: Given problem Given that   We have to find the balance after 2 years on a CD with an initial…

Q: A Pawn Loan: Jeffrey Kowalski wants to take his mother out for dinner on her birthday, but he…

A: The pawnbroker loans Jeffery $75 based on the value of watch. Fourteen days later Jeffery  gets his…

Q: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

A: Ann and Tom want to establish a fund for their grandson's college education. What lump sum must they…

Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

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Q: Jamie needs a new roof on her house. The cash cost is ​$5700. She decides to finance the project…

A: a). Calculation of finance charge : Loan's amount = Cash cost1-down payment…

Q: A loan is used to purchase a new truck. the total price of the truck

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Q: How much money can you afford for a loan if you know you are going to pay $80 each month for 19…

A: The formula to calculate the equal monthly installments (EMI) that is the equal monthly installment…

Q: 4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a…

A: The simple interest formula is: A=P(1+rt)

Q: Your Friend buys $19,000 car. You friend is financing the purchase with a loan at 3.6% with monthly…

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Q: I A man buys a motorcycle. There will be no maintenance cost the first year as the motor cycle is…

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Q: You can afford a $250 per month car payment. You've found a 3 year loan at 3% interest. How big of a…

A: Given: You afford $250 per month for a car. The interest rate is 3%  and repay the loan in 3 years.…

Q: Andie is saving for her retirement and want to have $750,000 saved. Her advisor says she can assume…

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Q: You can afford a $200 per month car payment. You've found a 5 year loan at 5% interest. How big of a…

A: Given, you can afford a $200 per month and you've found a 5 year loan at 5% interest Let the loan…

Q: Ben borrowed money from a bank to buy a motorcycle. He took out a personal, amortized loan for…

A: We will find out the required value.

Q: A Pawn Loan: Jeffrey Kowalski wants to take his mother out for dinner on her birthday, but until the…

A: This question can be solved using the concept of simple interest.

Q: An investor is considering purchasing a Microsoft bond. The bond has a $1,000 face value, coupon…

A: a. As the quote of the bond is 93, hence the investor has to pay 93% of the face value of bond i.e.…

Q: What will the quarterly deposit be if the fund earns 8% interest

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Q: Use a banker's year described above to answer this question. To complete the sale of a house, the…

A: Given data:- The second person accepts a 260-day note for 8000$ at t10% Simple interest 1st person,…

Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine…

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Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine…

A:

Q: eeds extra money to buy a truck to start up a delivery service. He takes out a simple interest loan…

A: Simple Interest: Simple interest is a method for calculating the amount of interest charged on a sum…

Q: You want to be able to withdraw $20,000 from your account each year for 15 years after you retire.…

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.