A state lotto has a prize that pays $900 each week for 15 years. find the total value of the prize:... If the state can earn 7% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments?

Q: Home Mortgage A couple who wants to purchasea home with a price of $350,000 has $100,000 for adown…

A: Total price of the house = $350000 Down payment=$100000 Unpaid balance= $350000-$100000…

Q: If a worker who has an annual salary of $58,000 does not get any other salary adjustments besides a…

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Q: how much is the dividend Mr. Sanchez will receive?

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Q: The Browns have taken out a $50,000, 20-year, 8 percent mortgage on their home. How much will they…

A: Given data: Principal, P=$50,000 Time= 20 years Interest rate= 8% a) The formula for monthly…

Q: Find the amount of simple interest earned for depositing the given principle in an account. $4800…

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Q: The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.95%.…

A: The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.95%.a…

Q: A store manager obtained a loan of $35,000, at  6 3 8%  interest, for 14 months to purchase…

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Q: 2.7

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Q: A man gets a job with a salary of $32,500 a year. He is promised a $2,190 raise each subsequent…

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Q: Bill Casler bought a $1000, 9-month certificate of deposit (CD) that would earn 8% annual simple…

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Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

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Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: Offered a job with a low starting salary but with a $2,000 raise for each of the next 7 years . How…

A: Given Offered a job with a low starting salary but with a $2,000 raise for each of the next 7 years…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…

A: We will find out the required value.

Q: nterest on his $36,000 college loan and 12% interest on his $13,000 car loan. What average interest…

A: Introduction: A number, amount, rate, or other measure expressed as if it were part of a total of…

Q: The purchase price of a product is RO 16,000 and the down payment is OMR 2,000. What is the amount…

A: As our company policy,we are supposed to answer only one question.Kindly repost other questions.

Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

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Q: The major Airline is planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: Given Airline wants to borrow $800 million by issuing bonds. The bonds are for a 10-years period…

Q: 1. XYZ Company declared a dividend of P100,000,000 for its common stocks. There a total of 500,000…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

A:

Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: Auto Loan A man wants to buy a car and can affordto pay $400 per month.a. If he can get a loan for…

A: R dollar is to be made at the end of each period, for n periods i is the interest per period. Thus,…

Q: You purchase a new car for $19,500.             If you borrow $19,500 for 5 years with an interest…

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Q: A farmer purchased 275 acres of land for $4100/acre. He paid 25% down and obtained a loan for the…

A:

Q: Bill Casler bought a $3000, 9-month certificate of deposit (CD) that would earn 8% annual simple…

A: Amount that Bill-casier deposited to earn interest means principal money(P)=$3000 Rate of…

Q: Ms. Saya got a business loan worth P500,000.00. She promised to pay the loan semi-annually in 2…

A:

Q: a. Identify the amount​ borrowed, the annual interest​ rate, the number of payments per​ year, the…

A: Here we have, An individual borrowed  $72,000 at an APR of 6​% which will be paid off with monthly…

Q: Sameer borrows $160,000 from a bank in the form of a 15-year mortgage to purchase a house. If he…

A: Principal amount is the amount you took and interest is the amount repaid extra apart from the…

Q: Bill Casler bought a $8000, 9-month certificate of deposit (CD) that would earn 8.4% annual simple…

A:

Q: A contractor boughtba concrete mixer at $3200, if paid in cash. The mixer may also be purchased by…

A: Given P=3200 n=5 i=8% =0.08

Q: A farmer loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the…

A: We have given that  Amount borrowed = 100000 Rate = 20%

Q: Five: $600 deposited yearly in an annuity account that pays 12% per year and compounds once yearly.…

A: Formula  Amount after n years =>A=P(1+r/100) n

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: 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: A building contractor gives a $13,500 promissory note to a plumber who has loaned him $13,500. The…

A: Given: Principal amount=$13500, interest rate=5%=0.05, due time=9 months. 6 months after signing the…

Q: 2. Abel purchased a ranch worth P400,000. It is to be paid in four years with each annual payment…

A: The solution are next step

Q: Five: $600 deposited yearly in an annuity account that pays 12% per year and compounds once yearly…

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Q: Find the gross income, the adjusted gross income, and the taxable income. A single man earned wages…

A:

Q: A state lotto has a prize that pays $1,400 each week for 15 years. Find the total value of the…

A:

Q: How much interest will you have to pay for a credit card balance of $754 that is 1 month overdue, if…

A: Topic - interest

Q: B 1. A conservative invesment account pays 2% interest. If you deposit 500 a week into this…

A: Let's find.

Q: 10) Abby at age 3, is given $400,000 and the amount is invested at 5% annually. if abby takes 5…

A:

Q: In the Sum of the years-digits depreciation method, if the asset has 6 years of life, then the…

A: Topic-year digit depreciation calculation

Q: A man gets a job with a salary of $33,000 a year. He is promised a $2,200 raise each subsequent…

A:

Q: assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the…

A: Cost of house=$424,900 Amount put down=10%

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: Suppose a man took out a 20​-year loan with an annual rate of 9​% to put an addition on his house.…

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Q: 2. Mr. Ablan borrowed P25, 000 to start a market stall, at 14% simple interest. If he paid P10,000…

A: Given that Mr.Ablan borrows P25,000 at 14%S.I. and pays back P10,000 after every six months. (a)…

Q: how much should you set aside and invest in a fund earning 9 compunded accumulated 200000 in 3 years…

A: Given, Total accumulated wealth= 200,000Rate, R= 9%=0.09Time ,t=13 ( quarterly ) To find: Amount to…

Q: John grosses $27,000 a year. What is his gross semi-monthly wage?

A: