A new truck sells for $48,000. If it depreciates at the rate of 18% per year, how old will it be before it's only worth $12,000?
Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…
A: here on using the formula Amount = principle + simple interest ,we will get the invested money
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A: According to question given that 1970 A Reese peanut butter cup candy bar cost=$.25Rate of…
Q: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…
A: Thanks for the question :)And your upvote will be really appreciable ;)
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A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…
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Q: How much was initially invested if the value of the investment is at P200,000
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Q: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…
A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…
Q: A certain financial institution declared a 50,000 dividend for the common stocks. If there are a…
A: Given: A certain financial institution declared a 50,000 dividend for the common stocks. If there…
Q: If you were investing money in an account and the interest rate was the same either way, would you…
A: If the same amount of money is deposited and the same rate of interest is applied then: Simple…
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Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…
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Q: A food corporation declared a dividend of P25,000,000 for its common stock. Suppose there are…
A: Dividend is P25,000,000 And shares are 1,80,000 So the per share dividend = Dividend/no of share…
Q: Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and the other…
A: We will use: If P dollars is invested at a yearly rate of interest r per year, compounded m times…
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Q: Doing a quick calculation, I found that a sum of $10,000 in 1993 had the same buying power as…
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Q: A business purchased for $650,000 in 2012 is sold in 2015 for $850,000. What is the annual rate of…
A: To find: The annual rate of return for this investment. Given: The business purchased in 2012 for…
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Q: 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a…
A: Given 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock…
Q: Kachina Caron invested $1800 in a simple interest account and earned $36 in 3 months, what is the…
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Q: A bank loaned out $120000 part of it at the rate of 8% per year and the rest at rate of 12% per…
A: topic - percentage
Q: A Tesla Model Xsells for $104,350; if the car depreciates or loses 17% of its value each year. How…
A: Given that the depreciation rate = 17% = 0.17 So the depreciation factor = 1 - 0.17 =0.83 So after…
Q: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…
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Q: Isabella purchased $20,000 worth of 13-week T-Bills for $19,525. What will be the rate of return on…
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Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…
A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…
Q: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. What is the annual rate of…
A: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. let the annual rate of…
Q: Archie Buchanon has a $28,000 boat that loses 12.5% of its value yearly. How much is his boat worth…
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Q: A bond was purchased on January 1, 2016 for $750. If its value increases by 8.2 % every year, how…
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Q: A new car is purchased for $50, 000 and over time its value depreciates by one half every 5 years.…
A: The initial value of the car is 50,000 After 5 years the car value is depreciated by one half so…
Q: The simple interest on a $710 three-year loan amounted to $276. What was the annual interest rate…
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Q: If the rate of interest in Example 2 was 6% instead of 1.2%, how much will the account have after 24…
A: Principal Investment (P) =$1000 Rate of interest (R) = 6% per annum = 612% per month=12% per month…
Q: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…
A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.
Q: If I have $500 in my account after 4 years of investing at 2.5% per year, how much money did I start…
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Q: A $40,000 investment in a mutual fund doubled to $80,000 in 5 years. What was the investment’s…
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Q: Sonia received a statement on her Certificate of Deposit showing that her investment had returned…
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Q: A collector of football trading cards paid $6 for a 1984 Dan Marino rookie card several years ago.…
A: Given a collector of football trading cards paid $6 for a 1984 Dan Marino rookie card several years…
Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…
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Q: A car was valued at $42,000 in the year 1995. The value depreciated to $11,000 by the year 2000.
A: A car was valued at $42,000 in the year 1995. The value depreciated to $11,000 by the year…
Q: For her 1st birthday, Ruth's grandparents invested $800 in an 18-year certificate for her that pays…
A:
Q: According to a census bureau, from 2000 to 2016 the population of a certain region grew from 261…
A: It is given that the population of a certain region grew from 261 million to 301 million.
Q: An executive invests $22,000, some at 6% and the rest at 5% annual interest. If he receives an…
A: Let the investment at 6% = $xSo,Investment at 5% = $(22,000-x)Interest for 6% = $6x100Interest for…
Q: A printing press costing $250 000 was sold 4 years later for $80 000. At what yearly rate did it…
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Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…
A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…
Q: what is the rate of return when 25 shares of stock a, purchased for 30/share, are sold for $825? The…
A:
Q: A bank pays 6 % interest annually on savings, compounding the interest yearly. If we deposit $1000,…
A: Consider the given information.
Q: Starting on her 30th birthday, a woman will invest an amount every year on her birthday in an…
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Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…
A: Topic:- simple interest
Q: A new car is purchased for \$41,000$41,000 and over time its value depreciates by one half every 3…
A:
Q: A land developer declared a dividend of P25,000,000 for its common stocks. Suppose there are…
A: Solution is given below:
Q: A man invested 50,000 in an investment entity that pays 5 3/8 % simple interest for 3 years and 7…
A:
Q: For their newborn child, parents deposit $10,000 in a college account that pays 8% interest,…
A: We will use the compound interest formula to find the amount after 17 years
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- What is the total effect on the economy of a government tax rebate of $1,000 to each household in order to stimulate the economy if each household will spend 90% of the rebate in goods and services?Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would pay $6,596.25 in interest over five years. How much did he borrow to pay for his car?Drew wants to save 2,500 to go to the nextWorld Cup. To the nearest dollar, how much willhe need to invest in an account now with 6.25 APR, compounding daily, in order to reach his goalin 4 years?
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