A vehicle purchased for $29,800 depreciates at a constant rate of 9%. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole dollar. %24

Q: When 12.000 Lira is deposited in the bank with 20% interest rate for three months, how many Lira…

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Q: A person deposits 100$ at the end of first, second and third year, if the rate of interest is 15%…

A: This is the case of compound interest

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

A:

Q: Find the final amount of money in an account if $7,600 is deposited at 3% interest compounded weekly…

A: Use compound interest formula

Q: You put $300 per month in a savings plan that pays an APR of 3.5%. How much money will you have…

A: Given:   APR = 3.5% = 3.5/100 = 0.035 t = 18 AMT = 300

Q: You deposit $2000 in an account earning 8% interest compounded quarterly. How much will you have in…

A: Given that:                     Principal amount, P=$2000Rate of interest, r=8%Time period, t=15

Q: Find the final amount of money in an account if $4, 400 is deposited at 6.5 % interest compounded…

A: Given  principal Amount(P)=$4,400 Interest compounded annually (r %)=6.5% time period(T)=8 years To…

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: You deposit $2000 each year into an account earning 3% interest compounded annually. How much will…

A: Given query is to find the amount in the account after 30 years.

Q: A loan of $19,312 was repaid at the end of 15 months. What size repayment check (principal and…

A: Given : P = $19312 ,    t = 15 months  ,  r = 11% = 0.11

Q: You choose to invest your $3,310 income tax refu d check (rather than spend it). In an account…

A:

Q: Find the final amount of money in an account if $5, 900 is deposited at 7.5 % interest compounded…

A: From the concept of Compound interest

Q: John Lee's savings account has a balance of $716. After 3 years, what will the amount of interest be…

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Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: How many times is the rate compounded? How much is the total in the account? (ROUND TO THE NEAREST…

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Q: Wilma deposits 1800 dollars in an account that earns a nominal interest rate of 5.9 percent…

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Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 8.4%. If you deposit…

A:

Q: Your parents buy a new computer for you at a cost of $2500. The computer depreciates (decreases) in…

A:

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much…

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Q: You deposit $5000 in an account earning 3% interest compounded quarterly. How much will you have in…

A:

Q: A payday loan store charges $35 for a one-month loan of $240. What annual interest rate is this…

A: In this question we need to find the annual intrest rate . Given  Loan charge for one month = $35…

Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

A: Formula for simple interest is :  I = P×R×T where ,   P = Principal  Amount  R = Annual rate of…

Q: Find the rate. Assume a 360-day year Principal: 3420 Time: 230 days Interest: 95 Rate: ? The…

A:

Q: A Chief Executive Officer of an investment firm receives a gross salary of $775,000 per annum. a.…

A: topic - periodic payment for different periods

Q: The given Treasury bill was sold in August 2008. Find (i) the price of the T-bill, and (ii) the…

A: find the explanation below

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A: On Deposit of the amount of $1,000, the deposit will grow by $126.83 in 3 year

Q: Wilma deposits 1800 dollars in an account that earns a nominal interest rate of 5.9 percent…

A:

Q: enry bought an antique watch for P15,000 and sold it 6 months later for P17,750. What mple Interest…

A: Note:- These are multiple questions and according to our company guideline we can do maximum one…

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

A: Given P=$19500 r=5%=0.05 t=5 years

Q: Find the balance of an account that starts with $12,000 at a 4.8% annual interest rate after 7…

A: Given  Principal P= $12000 Rate of interest = 4.8% = 0.048 Time T = 7 years.  We have to find the…

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest. How…

A:

Q: A typical credit card charges 18.99%. Find the interest owed on a credit card with a balance of $372…

A: We will use simple interest formula to solve this

Q: Find the final amount of money in an account if $3, 800 is deposited at 8 % interest compounded…

A: Given: P = $3800  r = 8 % =8100=0.08 t = 6 years  compounded semi-annually  To calculate: Final…

Q: Find the final amount of money in an account if $1, 000 is deposited at 4 % interest compounded…

A:

Q: An amount of P12, 500 is invested at 3.25% simple interest for 3 years. Complete the table below.

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Q: The finance charge that a student pays on his credit card is 18.4% APR (annual percentage rate).…

A: As per given by the question, there are average balance for the year is $5000 with 18.4%ARP. Now,…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. If you deposit…

A: after three years you have $1381.22

Q: Next A bank features a savings account that has an annual percentage rate of 3.2 % with interest…

A:

Q: brooke's credit card has an annual interest rate of 21% on her unpaid balance, which averages $900.…

A: Given query is to find the monthly payment.

Q: Discount $1,000 for 9 months and find the discount. at 5% simple interest and at 5% simple discount

A: Given the principal amount P = $1000. The time period t = 9 months = 912 years. Simple interest rate…

Q: You deposit $2000 in an account earning 4% interest compounded quarterly. How much will you have in…

A:

Q: A job pays a salary of $24,000 the first year. During the next 19 years, the salary increases by 5%…

A: Given The salary in the first year for the job is $24,000. Then, there is an increase of 5% every…

Q: If you make an investment of $4,500 and the investment earns an annual interest rate of 2.7%, how…

A:

Q: Karen's Katering borrows $3,500, at 8.5% interest, for 220 days. If the bank uses the exact interest…

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Q: Find the final amount of money in an account if $900 is deposited at 3.5 % interest compounded…

A:

Q: nd the savings plan balance after 3 years with an APR of 4% and monthly deposits of $400

A: Given that: Monthly deposit = $400 Time = 3 years APR = 4% To determine the balance after 3 years.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 4.8%, t = 19 days

A: P = $3000  r = 4.8%,  t = 19 days t=19365=0.052 year simple interest=I I=prt…