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A: Simple Interest is calculated by multiplying the Interest rate with Principle and time.
Calculate the simple interest rate. (Round your answer to one decimal place.)
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- You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.Calculate the simple interest rate. (Round your answer to one decimal place.) P = $9100, I = $440, t = 1 year
- Suppose you deposit $ 1296 today and your account will accumulate to $ 5637 in 9 years. What is the rate of interest? Input your answer in decimals, not percentages. Round your answer to four decimals places.If the annual interest rate is 7%, what is the monthly interest rate that would be used as the "r" in the time value of money equation? Hint: the equation uses the decimal equivalent of the percent Enter your answer to four decimal places.If the annual interest rate is 8%, what is the daily interest rate that would be used as the "r" in the time value of money equation? Hint: the equation uses the decimal equivalent of the percent Enter your answer to four decimal places.
- Suppose you deposit $10 every week into an account that earns 4% interest compounded weekly. How much money (to the nearest cent) will you have in the account after 5 years? Summarize the information provided, stating the interest rate in a decimal form. d = r = N = k = Solve the problem and give your answer hereCalculate the simple interest rate when P=$3600 , I=_160 and t=4 months. Round to the nearest hundredthCalculate the simple interest rate when P= $3600 , I = $160 and t = 4 months . Round to the nearest hundredth .
- Assume you take out a $2000 loan for 30 months at 9% APR. What is the monthly payment? (Round your answer to 2 decimal places.) N: months I %: P.V: $ PMT: $ F.V: 0 P/Y: 12 C/Y: 12If you want to earn 3% annual simple interest on an investment, how much should you pay for a note that will be worth $12,500 in 10 months? (Round your answer to two decimal places.)What is the EFF% for stated interest rate of 13% with monthly compounding? (round to the nearest 0.01 two decimal places) (include calculator TVM solver calculations as well)