An employee starts work on 1 January 2000 on an annual salary of $30,000. His pay scale will give him an increase of $800 per annum on the first of January until 1 January 2015 inclusive. He remains on this salary until he retires on 31st December 2040. How much will he earn during his working life.

Q: At age25 ​, someone sets up an IRA​ (individual retirement​ account) with an APR of 5​%. At the end…

A: Given that, APR = 5% = 0.05 Monthly investment (PMT) = $ 45 Time period (t) = 65 - 25 = 40 years We…

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

Q: How much will the IRA contain when he retires at age​ 65? Compare that amount to the total deposits…

A: At age 18​, someone sets up an IRA​ (individual retirement​ account) with an APR of 7​%.At the end…

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: Find the discount if $2,000 is discounted for 6 months at 8% discount rate.

A:

Q: If you have been hired at an annual salary of $23000 and expect to recieve annual increases of 5%.…

A: Solution

Q: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: At the end of each year, Carl and Linda Munson will deposit $2100 into a 401k retirement account.…

A:

Q: in 2020 kansas city chief signed a 10 yr contract that if fully completed will pay him a total of…

A:

Q: Marcy is working in a​ 2-year probationary period as a paralegal. She currently earns 36,160 a year…

A: This is a problem concerning  simple percentages (similar to simple interest  calculation)

Q: Simon starts a retirement account where he will place $50 into the account on the first month and…

A: Given-  Ist month deposit= $50  2nd month deposit= $55 ... .... and so on.

Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: Marcy is working in a​ 2-year probationary period as a paralegal. She currently earns ​$28,970 a…

A: topic - percentage

Q: Find the interest amount of PKR 10 invested at rate of 12% for 12 years under simple interest…

A: First we will recall the simple interest formula and then use this formula to find the interest

Q: Austin received a job offer at a large mining company which will pay her a gross salary of $68,800…

A:

Q: A job pays a salary of $30,000 the first year. During the next 23 years, the salary increases by 3%…

A:

Q: You borrow $5000 now and agree to pay this whole amount back in three payments: OW

A: Given, you borrow $5000  now and agree to pay this whole amount back in three payments:Payment 1. $X…

Q: A union Contract calls for a 3.2% salary increase. Find the increase for a worker currently earning…

A: percentage

Q: A college student borrows 6200 for nine months to pay for a semester of school if the interest is…

A:

Q: A payday loan company charges a $90 fee for a $600 payday loan that will be repaid in 20 days.…

A:

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

Q: An eligible Pag-IBIG member may borrow up to a maximum of 80% of his total accumulated value (TAV)…

A: When a person deposits or borrows money from an institution or from another person, the conception…

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A:

Q: You have $3,500 on a credit card that charges a 16% interest rate. If you want to pay off the credit…

A: GivenCurrent balance(PV)=$3500Interest rate=16%Period(n)=3 years=36 MonthsNow use the…

Q: On March 1, 2021, Gabriel opened an account with a deposit of $1000. Gabriel will continue to make…

A: From March 1, 2021 to February 1, 2028 in total there will be 7 years.

Q: At age 19, someone sets up an IRA (individual retirement account) with an APR of 4%. At the end of…

A:

Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: A recent college graduate accepts a job at Google Inc. The job has a salary of $57,000 and is…

A: Given,           A recent college graduate accepts a job at Google Inc. The job has a salary of…

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

A:

Q: If you made $3,000 a year in contributions to your retirement account starting at the age of 25,…

A: NOTE: Refresh your page if you can't see any equations.   . here we have PMT=3000 n=1 for yearly…

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

A:

Q: A professional baseball team signs a player for $800,000. His salary increases by 5% each year. How…

A: Here initial salary (P)= $800,000 Increment rate (r)= 5%=0.05 Final salary (A)= $6 million = $…

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: At age 22​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the end…

A: Formula used:Future value of an ordinary Annuity:

Q: rest rate of

A: Given, Ms. Drake invests $1000 at a simple interest rate of 8.5% for 2 years. The interest during…

Q: On April 2014, you could buy a 3030-year U.S. Treasury note for $20,000 that pays 4.174.17% simple…

A: Given information P=$20,000r=4.17%t=30 years Formula used:-  Simple interest=P×r×t100

Q: Sophia invests $12,350 in an account that earns 4.5% annual simple interest. Assuming she makes no…

A:

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: Melanie deposited $10,000 into an account at 5% compunded quarterly. Two years later, she deposits…

A: When the interest is compounded quarterly,  Amount = P1+R/41004n Where P is principal value , R is…

Q: A bank lends $9000 at 7% simple interest. At the end of 1 year, how much interest is owed on the…

A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100

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: Starting on her 30th birthday, a woman will invest an amount every year on her birthday in an…

A:

Q: Find the interest earned after 3 years if P12 000 is deposited a savings account which earns 5%…

A:

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…

A: Given:

Q: The Blackburn Computer Company has declared an annual dividend of $0.70 per share. The stock is…

A: Consider the provided question, Given, the annual dividend of Computer Company is $0.70 per share.…

Q: How much interest will Angel pay if she borrowed P120 000 payable in 8 months at 2.5%?

A:

Q: A one-year membership to the gym costs $362. When signing up, members pay $54 for the first month,…

A:

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.