complete the following table for the simple discount notes. use the ordinary interest method. (round your answers to the nearest cent.): Amount due at maturity: $3,800 Discount rate: 6.25% Time: 200 days Bank discount: ?? Proceeds: ??

Q: You have agreed to pay off an $8,000 car loan with 24 monthly payments of $400 each. Use the simple…

A: Formula used: To find the interest rate in simple interest:…

Q: oe Clemente bought a stereo costing $600 with $200 down and 10% add-on interest to be paid in 18…

A:

Q: You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5%…

A:

Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: A bond has a $11,000 face value, an 8-year maturity, and a 2.75% coupon. Find the total of the…

A:

Q: Hui acquired a $9,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A: We have to find the simple interest rate.

Q: If Tanya's husband were to die, she and her children could live on $60,400 per year. Tanya makes…

A: Total income earned= 33,100+21,500 =$35600

Q: Find the refund fraction on a 48​-month loan with interest of ​$2,803 if the loan is paid in full…

A: Refund fraction is the percentage of refund you will get when you complete the loan before the…

Q: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

A: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) Finance $550,000…

A:

Q: What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a…

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Q: Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with…

A: Given, Total interest is $2859. Total time of loan is 33 months, loan is paid in full with 11 months…

Q: Consider a 30-year fixed-rate home loan of $417,500 with an interest rate of 5.875%. What is the…

A: We will find the monthly payment as following.

Q: Consider a 30-year fixed-rate home loan of $419,500 with an interest rate of 3.625%. What is the…

A: The formula to calculate the EMI that is the equal monthly installment is: Here, P is the loan…

Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.95% coupon. Find the total of the…

A: Given Principal = $14000 time = 9 rate r = 2.95%

Q: p=​?,

A:

Q: Consider a 30-year fixed-rate home loan of $403,500 with an interest rate of 5.625%. What is the…

A: We have to find the monthly payment for the given loan.

Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 5 months. what is the maturity value…

A: Here is the Answer and Explanation

Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

A:

Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: If their maturity values were the same, how many months was Joanna's loan for? Round your answer to…

A: From the given, it is observed that the Fred had borrowed an amount of $5,540 for 20 months at the…

Q: Consider a 30-year fixed-rate home loan of $408,500 with an interest rate of 5.125%. What is the…

A:

Q: hat is the

A: The present value of the loan is given by the formula: Present value=Cash flow×1-1+r-nr Where r is…

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

A:

Q: If you purchase $22,000 in U.S. Treasury Bills with a discount rate of 4.1% for a period of 26…

A: Given data, Face value is $22,000 Discount rate is 4.1% Number of periods is 26 weeks

Q: The owner of a hot dog stand receives a loan of $4,750 at 7.25% for 9 months. Find the amount of…

A:

Q: A bond has a $11,000 face value, a 6-year maturity, and a 2.9% coupon. Find the total of the…

A: solutionGiven principle(p)=$11,000Rate=2.9%=0.029timet=6

Q: Find the monthly payment (before the balloon payment) for a 25-year, interest-only balloon mortgage…

A: Given that:  P = amount of loan = $300,000  r = APR = 7% =0.07  n = length of the loan = 25 yr

Q: Gesky Industrial Products manufactures brushless blowers for boilers, food service equipment, kilns,…

A: Solution...

Q: 1. You take out a quick pay day loan for $2000 to cover your December rent and utilities. If the…

A:

Q: b.) Loren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was the simple…

A: If, P= principal t = time ( in years) r= rate of interest Then , Interest I= (P × t × r)÷100.

Q: Gabriella wants to buy a house costing $95,000, and she has $12,000 for the down payment. She can…

A: NOTE: Refresh your page if you can't see any equations. . the cost of the house is $95000 and the…

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

A:

Q: Marcel Thiessen purchased a home for $204,300 and obtained a 15-year, fixed-rate mortgage at 8%…

A: Solve the following

Q: Marcel Thiessen purchased a home for $202,900 and obtained a 15-year, fixed-rate mortgage at 8%…

A: Given: The price of the home is $202,900. The loan period (t) is 15 years. The annual interest (r)…

Q: Find the simple interest on a $4,520 principal, deposited for 6 years at a rate of 2.25%. Round to…

A:

Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?

A:

Q: If you purchase $28,000 in U.S. Treasury Bills with a discount rate of 4.3% for a period of 26…

A: Consider the given information.

Q: If you sign a discount note for $4,800 at a bank discount rate of 8%, for 90 days, what is the…

A: To find the effective interest rate basically there are three steps involved Step1: Find the bank…

Q: A bond has a $11,000 face value, a 9-year maturity, and a 3.05% coupon. Find the total of the…

A: Annual interest on bond is simple interest earned on face value of bond, calculated as follows:

Q: Find the balance in an accou interest rate of 3.8% per yea

A:

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $512,000 home…

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Q: The principal is $3,000,000. Mortgage payments are paid monthly. Compare the mortgage payments for a…

A: Since we know the principal value is 3000000, we can say that the present value for both the…

Q: 398 wit

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is…

Q: Find the interest and the amount to pay back on the following simple interest loans $875 at 8.7% for…

A: We have given principal amount  , rate of interest and time period and we have to find out interest…

Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.85% coupon. Find the total of the…

A: Topic - interest payment on bond Interest Payment = face value × r ×t

Q: Consider a 30-year fixed-rate home loan of $415,500 with an interest rate of 3.375%. What is the…

A: Given that  Fixed rate P=$415500 Rate of interest R=3.375% Time T=30 years let total amount after 30…

Q: Find the amount of monthly payment necessary for the deposit to a sinking fund. A equals $50,000, N…

A: equals $50,000, N = Semiannually, r=14%, t=10

Q: For the car loan described, give the following information. A newspaper advertisement offers a…

A: Cost of the car = $9,000. Number of installments = 36 Monthly payment = $347.50 (a) Obtain the…