An investment firm has a job opening with a salary of $36,000 for the first year. During the next 39 years, there is a 4% raise each year. Find the total compensation over the 40-yea period. (Round your answer to the nearest cent.) $

Q: Kyle works for a clothing boutique store as a salesperson. He receives a monthly base salary of $900…

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Q: Jeremy gets a 4-year simple interest loan from the local bank. If the loan is for $8,938 and the…

A: Given: Jeremy gets a 4-year simple interest loan from the local bank. The loan amount is $8,938 and…

Q: A laptop computer is purchased for $1850. After each year, the resale value decreases by 25%. What…

A: A laptop is purchased for $1850. After each year, the resale value decreases by 25%.Let the resale…

Q: Miguel purchased a hot tub costing $5,030 by taking out an installment loan. He made a down payment…

A: Miguel purchased a hot tub costing $5,030. He made a down payment of $1,300. Financed the balance…

Q: A person receives a raise of 24% it is worth $66. Calculate how many dollars the raise is a…

A: Given that a person receives a raise of 24%. Consider the actual worth as $66. Then, the amount of…

Q: A new car is purchased for 25000 dollars. The value of the car depreciates at 8.25% per year. What…

A: The solution is given below.

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: Julieta and Eric are purchasing a home. They wish to save money for 10 years and purchase a house…

A: Hi! You have posted Finance question under Probability subject. We have answered this time. Next…

Q: Jeans with an original price of $57 are on sale at 25% off. What is the sale price of the jeans?…

A:

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: A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the…

A: To find : Approximate value of the vehicle 12 years after purchase .

Q: a corporate bond paying $5000 after 36 weeks earns 0.05% simple interest per week. How much did it…

A: a corporate bond paying $5000 after 36 weeks earns 0.05% simple interest per week.

Q: Arianna has put $37,600 into a retirement fund. The fund has an estimated annual return of 10%. If…

A:

Q: A car is purchased for $27,000 After each year, the resale value decreases by 20%  What will the…

A:

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A: Principal Amount = $6,500 Rate of Interest = 8.5% time = 150 days

Q: A computer assembly firm purchases computer parts at $225.00 per computer. The operating expenses…

A: Given: Cost price of per computer = $225 Operating expense = 30% of $225 = 225×30100 = $67.5

Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

Q: Find the final amount of money in an account if $1, 600 is deposited at 6.5 % interest compounded…

A: Given  Principal = $1600 rate = 6.5% time = 5 years  Compounded weekly.

Q: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

A: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

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: A new car is purchased for 21100 dollars. The value of the car depreciates at 10.5% per year. What…

A:

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

A:

Q: for a sum of $8000 to double in 12 years and 9 months, what must be the rate of interest compounded…

A: The solution is given in the next step.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

Q: A new car is purchased for 1900o dollars. The value of the car depreciates at 11.25% per year. What…

A:

Q: What lump sum do parents need to deposit in the account earning 7%, compunded monthly, so that it…

A:

Q: A state lotto has a prize that pays $900 each week for 15 years. find the total value of the…

A: A state lotto has a prize that pays $900 each week for 15 years. find the total value of the…

Q: A $100.00 check that is cashed at a rate of $7.00, at what rate did you cash it?

A: Given that: Fee paid to cash a $100 = $7

Q: Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

A: Given query is to find the the total interest paid in 5 years.

Q: A new car is purchased for 16200 dollars. The value of the car depreciates at 14.25% per year. What…

A: We have to solve this question by the rule of  A=P(1+r/100)t where P is the initial amount and r is…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

A:

Q: An investment firm has a job opening with a salary of $36,000 for the first year. During the next 39…

A:

Q: You have an opportunity to purchase a bond that will pay out $734 in 14 months.  If you would like…

A:

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: A new car is purchased for 1700o dollars. The value of the car depreciates at 13.5% per year. What…

A:

Q: You put ​$400per month in an investment plan that pays an APR of 5.5​%.  How much money will you…

A:

Q: Jeans with an original price of $45 are on sale at 15% off. What is the sale price of the jeans?…

A: Price of the Jeans is given. We have to calculate total discount price with discount rate 15%. Then…

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

A:

Q: An investment pays simple interest, and triples in 9 years. What is the interest rate? Answer =…

A: Simple Interest formula , A=P(1+rt) where A= final amount,                                P =…

Q: A stereo that regularly sells for $200.00 at a store is marked down by 20%. a. What is the amount of…

A:

Q: A state lotto has a prize that pays $900 each week for 15 years. Find the total value of the prize:…

A: As per the company guidelines we can solve first question. I hope that the given solution will help…

Q: 3400 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the…

A: Given:  Principal=P = $ 3400 Rate of interest= 7.5% To find the amount of money in account after…

Q: If Rita receives $45.54 interest for a deposit earning 4% simple interest for 80 days, what is the…

A: Given: Interest is $45.54. Rate of interest is 4%. Time is 80 days.

Q: A corporate bond paying $5,000 after 18 weeks earns 0.05% simple interest per week. How much did it…

A:

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

A:

Q: Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much more or less…

A:

Q: laptop computer is purchased for  $2350 . After each year, the resale value decreases by  35% .…

A:

Q: Miguel purchased a hot tub costing $5,070 by taking out an installment loan. He made a down payment…

A: Amount which is financed is: A=5070-1300A=$3770Monthly installment:a=$173.77Number of…

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…

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

A: From the given problem Ahmed borrowed $450 on the interest of 9.9%  for a year  Therefore P=$450…

Statements and Logic

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