c) 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 31* December 2040. How much will he earn during his working life. AP (5)

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Q: 16. You want to buy a $12,000 car with no money down at a rate of 5.7% APR for 7 years. What is your…

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A: Topic- Average

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Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

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Q: Assume that you have a balance of $4500 on your Visa credit card and that you make no more charges.…

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Q: . Mr. J. Reyes borrowed money from a bank, He received from the bank 1, 842 Php and promise to repay…

A: We will answer the first question as you didn't mention any. Please resubmit the other question…

Q: A village recently completed the construction of a new water tower. The entire cost of the water…

A: solutiona)Due balance=Total cost-government paid=934000-480000=454000

Q: For services rendered, an attorney accepts a 90-day note for $4,800 at 8% simple interest from a…

A: Given, Client will pay interest at the rate of 8% for 90 days. We know,    Interest = Principal x…

Q: 1. c, d in 1941 A.J. liebling wrote in the new yorker that mr. ormont, the manager of the jollity…

A: GIVEN: In 1941 A.J. liebling was paid $50 a week plus a commission of two percent of the rents.

Q: 10. A firm borrows 2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount…

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Q: 1 year. How long should the company warrant its computers if the company wishes less than 2.28% of…

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Q: (4) 7200 - Arun borrowed a sum of money from Jayant at the rate of 8% simple interest for the first…

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Q: major airline is plannin

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Q: 2. I deposited P50,000 in a savings account. The account increases at a fixed amount of 3000 yearly…

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Q: A professional basketball player signs a contract with a beginning salary of Php 3M for the first…

A: Solution: We know that geometric series with common ratio q and first term a1. an=a1.qn-1

Q: What is the total annual dividend received from owning 100 shares of stock A, if Company A issues a…

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Q: A man’s wages of $43,600, received $1100 in interest from a savings account and contributed $2800 to…

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Q: a. If the will stipulated that not more than 90 pounds, about $411.3, was to be loaned to…

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Q: (a) Find the interest that will be owed after 4 months. (b) Assuming Susan doesn't make any…

A: Given : Annual Interest rate = 5.35% Monthly Interest rate = 5.35%/12 = 0.445% Time period = 4…

Q: 1414  ​(A) How much should you deposit now to have that amount 5 years from​ now? b)  ​(A) How…

A: A =17000 r = 5% but here semi annually given so  r = 2.5%  How much should you deposit now to have…

Q: ar-old Ahmet, after graduating from school, wants to make a retirement plan for his future with the…

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Q: Suppose that on November 1, 2021you have balance of $12,000 on your credit card, which you want to…

A: Given principle amount =12000$ ApR=15.99%

Q: 1. To pay for textbooks, a student borrows $450 from a credit union at 6.5% simple interest. How…

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Q: 2. When a department store held a sell, the price of every item was reduced by 60%. If, in addition,…

A: After 60% reduction in price New price = 40% of 88                    = 35.2 10% further reducing…

Q: Russell receives a bi-weekly pay of $2,060. He has 36 regular hours work weeks and he gets paid…

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Q: Suppose you receive $100 at the end of each year for the next three years.  a) if the interest rate…

A: Present value =Amount Received ×PVFA (8%,3)                          =$100×2.577…

Q: 11. Suppose you make an annual contribution of P150,000 to your savings account at the beginning of…

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Q: (f) A calculator is sold under hire purchase term. A deposit of 560/- is required and a monthly…

A: First, we need to find the hire purchase price.

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

A: Let's find.

Q: one particular month, a person has a balance of $$ 1,470 on their credit card for 12 days. They then…

A: Given data, balance (xi) Days (wi) 1470 12 2820 11 2700 8   What is their average daily…

Q: Eight thousand dollars has to be invested for ten years. For each option below, calculate the…

A: Given, Principal P0 = $8000 rate of interest r=6.5% compounded monthly time n=10 years

Q: 7. Dan leased a Ford truck for three years by paying $4000 up front and payments of $185 per month.…

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Q: An annuity pays 4400 dollars on January 1 of each year, starting on January 1, 2000. If 21 payments…

A: An annuity pays 4400 dollars on January 1 of each year, starting on January 1, 2000. If 21 payments…

Q: Name: ColenYe RI2IU USUN 1. A company can lease a set of 50 iPads for $650/month, with an up-front…

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Q: An employee starts work on 1 January 2000 on an annual salary of $30,000. His pay scale will give…

A: Using arithmetic progressions we can find the earnings per year then add them to get final answer

Q: for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of…

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Q: man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Given: Future value required 17 years=60,000

Q: On January 1, an insurance company has 115,000 which is due to Linden as a life insurance death…

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