Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

Q: Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed…

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Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $2400, I = $90, t…

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Q: Quick loans will loan you $600 with the understanding that you will repay them $689 in 2 weeks what…

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Q: You have a credit card with a balance of $1,500 and APR of 15% (assume simple interest)A. What is…

A: There are 52 weeks in an year. Annual percentage rate = 15%. Therefore, weekly interest rate =0.288…

Q: Use the simple interest formula to determine the missing value.   p =$1425, r= ? t= 4 years i=…

A: Given information :P =1425;t=4 yearsi=125.40 here, let rate, r %Now, use the following formula to…

Q: Find the interest. Principal $1850 Rate Time in Months Interest 5.5% 3 The interest is $ (Round to…

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Q: Determine the effect on the balance sheet after the following transaction. You sell a product…

A: You sell a product purchased for $750 for $1,500.00  We know, Owner's Equity = Investment  -…

Q: P= $4800 r= 5% t= 2 months Simple interest: $

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: Mary purchased 1,700 shares of a certain stock for $23,750 (including commissions). He sold the…

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Q: Find the savings plan balance after 6 months with an APR of 4% and monthly payments of $100. ... The…

A: Given, PMT=100 n=6 r=4%12=41200=1300

Q: A student takes out a short-term loan to pay for tuition, books, and supplies. If the simple…

A: P=$4300, R=5 & T=6 months=612 year=12 year  ∵1 year=12 months Now simple interest is,…

Q: Calculate the simple interest due on a 58-day loan of $3400 if the interest rate is 2%. (Round your…

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Q: You want to purchase a computer that has a price of $2206 plus 5% sales tax, and you decide to pay…

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Q: Use the simple interest formula to determine the missing value. p=​?, r=6​%, t=9 ​months,…

A: We know that if p is total principal, r is rate of interest per year and t is total time in years,…

Q: Use this table to find the monthly mortgage payments, when necessary. Roberto has a mortgage of…

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Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 52% for…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

A: Given: Let us consider the given, Principle=$1500 Rate=14% Time Period=3 years

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: Compound Interest: The annual percentage can be calculated by using the formula: APR=2NrN+1Where,…

Q: Find the savings plan balance after 18 months with an APR of 8% and monthly payments of $150. ..….….…

A: Topic = Algrbra

Q: Use the simple interest formula to determine the missing value. p= $943.66, r= 3.5%, t= ?, i =…

A: Given:p = $943.66,   r = 3.5%,   i = $198.17

Q: Determine the amount of interest paid on a $35000 investment that pays 10% per year, simple interest…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: Find the savings plan balance after 18 months with an APR of 8% and monthly payments of $150. The…

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Q: A loan company offers money at 1.5% per month compounded monthly. What is the nominal interest rate?…

A: According to question given that Loan company offer 1.5% per month compounded monthlyNominal…

Q: Use the simple interest formula to determine the missing value. p= ?, r= 4%, t= 3 months, i = $16 p=…

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Q: Use the simple interest formula to determine the missing value. p= $963.89, r= 2.5%, t ?, i =…

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Q: Calculate the simple interest due on a 32-day loan of $1300 if the interest rate is 4%. (Round your…

A: Given: P=1300  dollarsT=32  daysR=4%

Q: A loan is issued for $15,000 with a simple interest rate of 4% for 5 years. Calculate the interest…

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Q: 1) Calculate the simple interest earned. Round to the nearest cent. P = $9030, r = 6.75%, t = 8…

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Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: Jack Tripper signed a $9,000 note at Fleet Bank.  Fleet charges a 9.25% discount rate.  If the loan…

A: consider the equation

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

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Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below purchase a…

A: Solution by using formula for APR as follows :

Q: Find the monthly payment for the loan. Finance $500,000 for an apartment complex with a 12.3%…

A: Note: According to bartleby we have to answer only first question please upload the question…

Q: Find the savings plan balance after 15 months with an APR of 2% and monthly payments of $150. .....…

A: We have formula for present value PV=PMT[(1+i)n-1][i(1+i)n]

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

A: The living room set was purchased for $3,100 at 10% add-on interest for 3 years. The amount of…

Q: Complete the table by finding the maturity value. Interest Rate Maturity Value( A) Principal (P)…

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Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: it is known that APR is given by APR=principle×rate×years100+additional chargesprinciple×years×100…

Q: Your friend buys a $15,000 car. Your friend is financing the purchase with a loan at 3.6% with…

A: According to the question, The principal amount P=$15000. The rate of interest r=3.6% The time taken…

Q: you purchase $24,000 in U.S. Treasury Bills with a discount rate of 4.9% for a period of 26 weeks,…

A: Principal =$24000, Time, T = 26 weeks = 182 days = 0.505 years Discount rate = 4.9%

Q: Find the simple interest on a loan of $32,500 at 6.3% interest for 7 months Sources Give your answer…

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Q: Find the interest on P15, 000 at 6 ¼ % simple interest for 15 months.

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Q: June Watson is contributing $4,500 each year to a Roth IRA. The IRA earns 3.3% per year. How much…

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Q: ASK YOUR TEACHER Use the ordinary interest method to find the rate of interest that Make Over…

A: Ordinary simple interest is a simple interest that uses 360 days as the equivalent number of days in…

Q: Michael Sanchez purchased a condominium for $82,000. He made a 20% down payment and financed the…

A: Given : Michael Sanchez purchased condominium at 20 % down payment for $82000. To find : Principal…

Q: Last year, Reuben deposited $2000 into an account that paid 2% interest per year and $3000 into an…

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