A union has successfully negotiated for its members to get 2% raises annually. If a union member currently has a salary of $44,874, what will her salary be in 14 years? If necessary, round your answer to the nearest cent.

Q: You can get a car loan with a term of three years at an apr of 3%. If you can afford a monthly…

A: Given: interest rate per annum is= 3%, monthly payment= $300, time=3 years To find the amount of…

Q: A teenager receives $50 for his birthday, and his sister wants to borrow it from him for 15 weeks.…

A: The formula for simple interest is I= Prt Where I= Interest earned, P=Principal amount, r=rate of…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Adding the sales tax we get the amount of money borrowed is equal to  1598+5% of 1598 =1598(1+5/100)…

Q: If Tanya purchased a $1,700 set of golf clubs on a 9-month layaway plan and had to pay a monthly…

A: Given that $17000 set of golf clubs is purchased. Monthly payment is $201 and number of months is 9.…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: Marvin lives in Campbell, where the cost of living increases by 6% every year. If Marvin spends…

A: The cost of living increase by 6% every year.  First years spending = $23210 Hence, 17 years from…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A:

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

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Q: If a memebr has the $455usd a quarter ($35 usd a week) plan, how many weeks are included in this…

A: A member has a quarter plan for = $455 USD A member has a week plan for = $35 USD Number of weeks…

Q: A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to…

A: To find out the amount that the teacher will accept now.

Q: Steph took out a simple interest loan that charges 8.5% interest annually. If her original loan…

A: Given: Loan amount is, P=$30000. Simple interest rate is, r=8.5%. Number of years, n=20 years. The…

Q: When real estate is sold, the year's property taxes are allocated to the vendor and the purchaser in…

A: Since the number of days from January 1 to August 7 = January ( 31 ) + February ( 28 ) + March ( 31…

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: A loan of $7,215 was repaid at the end of 11 months. What size repayment check (principal and…

A: The amount of the repayment check was $____

Q: One proposal in Congress has been to change the tax laws and have a "flat-tax rate". This would…

A: Explained below

Q: You promise your niece that you will give her $1 on her first birthday and double that amount every…

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Q: As part of his contingency planning, Bill adds 20% of the contracted cost of his new roof to the…

A: Given that: Estimate of the project = $8081Contingency = 20%

Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

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Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: From the given information we want to find the monthly payment.

Q: Jane Doe has a job in Detroit, MI, that pays $45,550 per year.  How much can she afford to spend…

A: Given that. Salary per year =  $45,550 Set budget = 15% of monthly take home pay.

Q: The value of your stock investment in a certain company decreased 10 % over the last year. If the…

A: The problem regarding stock investment. percentage of decreases is given. And we have to calculate…

Q: You can get a car loan with a term of three years at an APR of 5%. If you can afford a monthly…

A: Given, Loan term = 3 years = 3×12 = 36 months  APR = 5 %  Monthly payment = $ 600  We have to find…

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: John Lee's savings account has a balance of $2685. After 6 months, what will the amount of interest…

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Q: If you have a business loan and you pay 1,133.62 each month for 20 years on the loan, what is the…

A:

Q: A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98 days. The…

A: Given problem:- A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98…

Q: An auto dealer advertised a down payment of $1,500 on a Mustang valued at $19,400. What is the…

A: we are given the Amount of down payment of Mustang= $1500                             Cost of down…

Q: Jack and Terry Wittry are in their retirement years. They just received $503,000 after taxes from…

A: From the given information we find the solution.

Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

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Q: You borrow $3,053 from a friend and promise to pay back $3,999.43 in 5 years. What simple interest…

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Q: What price should the PTA charge if they want to make this raffle "fair"

A: Given data: The number of tickets is n=1000. Price of one ticket is p=$5. Highest reward worth is…

Q: Sierra plans to retire at age 63, and estimates that $69,600 a year in retirement for 22 years will…

A:

Q: If the accumulated amount in an account is $5,000 at the end of 3 years and the simple interest rate…

A: According to the given problem, we have

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given, Sears offers them an installment loan at 16% (add-on rate). If the refrigerator at Sears…

Q: An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50%…

A: Given problem:- An investor purchased a 93-day, Government of Canada T-bill that had a simple…

Q: Your employer offers a 401(k) plan with a 49% match, and you set a goal of retiring in 37 years with…

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Q: If you pay $20.55 each month for your cell phone for two years, how much is the total cost of your…

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Q: How much should be the Engineer borrow from a bank that charges 10% simple discount for 6 months if…

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Q: If you borrow 1500 dollars from a lending agent for 13 weeks and in the end you have to pay back…

A: Formula r = (1/t)(A/P - 1) r = simple interest rate = ? P = principal amount =1500 A = P+ I  = 1650…

Q: When hired at a new job selling jewelry, you are given two pay options: Option A: Base salary of…

A: According to the question, The salary for x sales with option A is given by f(x) = 16,000 + 0.11x…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given: Price of refrigrator = $1538 + 5% sales tax, Rate of interest = 14%, Number of years = 3…

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: Jackie has a saving account that promises to increase her balance by 1.5% per year. If she deposits…

A:

Q: An auto dealer advertised a down payment of $1,400 on a Mustang valued at $18,200. What is the…

A:

Q: You can get a car loan with a term of three years at an APR of 4%. If you can afford a monthly…

A:

Q: If inflation has been running at 4.07% per year and a new car costs $23,700 today, what would it…

A: Given that  Inflation has been running per year=4.07% Cost of a new car=$23700 To find  The cost of…

Q: You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.26,…

A: Given that: Net asset value of share = $15.26Cost of share = $15.79

Q: If inflation has been running at 2.51% per year and a new car costs $36,400 today, what would it…

A: We have to use compound interest series formula. Let 4 years ago the price was x. Therefore…

Q: The value of your stock investment in a certain company decreased 20 % over the last year. If the…

A:

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given : Sears offers them an installment loan at 13% (add-on rate). If the refrigerator at Sears…