$13,000 is invested for 2 months at an annual simple interest rate of 6%. a) You will earn $ in interest (round to the nearest cent). b) The future value is (round to the nearest cent).

Q: Suppose you want to have $600,000 for retirement in 30 years. Your account earns 10% interest. Using…

A: We will use recurring method of Banking to find solution to the chapter .

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: If an amount of $1821 is borrowed at a simple- interest rate of 7% for 4 years. Then the simple-…

A: The principal amount, P = $1821 Simple interest rate, r = 7% = 0.07 Time, t = 4 years To evaluate :…

Q: If Pat pays $15,334.65 for a $25,000 face-value, zero-coupon bond that matures in 8 years, what is…

A: Given-              F.V=$15,334.65              P.V=$25,000               n      = 1 year Where-…

Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

A:

Q: Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years?…

A: Consider the given information. PV=$10000 r=12.5% t=3 years And, the values are defined as.

Q: If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest…

A:

Q: 13. Calculate the simple interest on a bank loan of $200,000 for a month, with a quoted rate of 6%…

A:

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

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

Q: If a business borrows $12,700 and repays $22,225 in 5 years,what is the simple interest rate?

A: Simple interest formula for an amount of P for an interest rate r% of t years is given by the…

Q: A bond with a face value of $4000 and a 3.8% coupon has a 5-year maturity. Find the annual interest…

A: Given: Face value (P) = $ 4000 Interest rate (r) = 3.8%

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

A:

Q: If you have been hired at an annual salary of $23,000 and expect to receive annual increases of 5%,…

A:

Q: Jamerra receive plans on paying the end of 2 yea $450 in interest interest rate on

A: GIVEN  principal P=$ 3000 time t=2 years interest I=$ 450

Q: If an amount of 1,120 OMR, which includes a 5% simple interest for 2 years, is paid back, how much…

A:

Q: John wants to retire with $10,000 per month, how much principal is necessary to generate this amount…

A: Use the formula I=Prt100, where P is principal, and r is the rate of interest, t is the time.,…

Q: Nabras borrows OMR 4800 for 10 months at a simple interest rate of 8% per year. Determine the…

A: Given data: The amount is P= OMR 4800. The interest is R=8%. Time is T=10 months.

Q: What are the monthly payments on a mortgage of $60,000 at 9% interest if the loan is to be repaid in…

A:

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. b. How much will…

A: Given that, the loan amount is P=$175,000, interest rate r=4.5%, time n=30 years and due is monthly…

Q: In working problems involving interest, if the payment period of the interest is quarterly, then…

A: We know that quarterly means one-fourth part. In a year there are 12 months. Quarter of a years…

Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

Q: If the General Electric bonds you purchased had paid you a total of $8,840 at maturity, how much did…

A: Given that the following table lists several corporate bonds issued during a particular quarter:…

Q: Yolanda deposited $1,400 at the end of each six months for 2 years in a savings account. If the…

A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=1400 r=4%=0.04 n=2 for…

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

A:

Q: A furniture set is purchased with a downpayment of 75,000 php, and the balance at 10,000 php a month…

A: Let's find.

Q: Find the present value of 9,000 at a simple interest rate of 7% in 18 years?

A:

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. c. If you pay…

A: Given that, loan amount P=$175,000, monthly payment PMT= $975, Interest rate r=4.5% and frequency of…

Q: The future value of that money is?

A: P = Principal Amount = 6000 R = Rate of Interest = 8% n = no. of interval = 1 year

Q: 3. Madison currently has $72,345 in her retirement account, and her goal is to have at $120,000 in…

A: Given that: Money present, P=$72345Money required in future, F=$120000Rate of interest = 3.5%

Q: If an amount of $1521 is borrowed at a simple-interest rate of 9% for 6 years. Then the…

A:

Q: In order to help pay for college, the grandparents of a child invest $2450 in a bond that pays 15%…

A: Given Principal amount,P=2450 Rate of interest,i=15% Time in years,t=5.5years Number of times…

Q: A loan of 28,900 is obtained for 5 months at 8 3/5 %. How much is the simple interest?

A: Given that : a loan of 28,900 is obtained for 5 months at 8 3/5 %. We find the simple interest.

Q: 1. Faith availed of a cash loan from Home Credit that gave her an option to pay 10,000 monthly for 1…

A: Solution: Interest rate per month (r) = (12% / 12) = 1% Monthly payment (P) = 10,000 n = 12 Monthly…

Q: A bond with a face value of $6000 and a 4.4% coupon has a 5 year maturity.  Find the annual interest…

A: image is attached

Q: ) If you have been hired at an annual salary of $23,000 and expect to receive annual increases of…

A:

Q: You want to be able to withdraw $20,000 from your account each year for 20 years after you retire.…

A:

Q: What amount must be set aside on a boy’s seventh birthday, which will provide 24 quarterly payments…

A:

Q: If Sandy can afford car payments of ​$430 per month for 7 ​years, what is the price of a car that…

A: We have to find the price of a car that Sandy can afford​ now.

Q: Mr.  Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…

A: With the help of compound interest formula we can solve this problem easily- The formula for…

Q: 32) As part of her retirement planning, Mrs. Smith purchases an annuity that pays 16% compounded…

A:

Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…

A:

Q: Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund that pays 4%…

A:

Q: If you were to win the lottery (ignore tax consequences) and were given the options of choosing the…

A: The possible two options are1) Choosing the money Immediately (Lump sum)2) Series of payments…

Q: If accumulated tuition, fees and interest on your undergraduate engineering education loan is 37,500…

A:

Q: A $2000 Treasury bond with a coupon rate of 6.0% that has a market value of $1875

A:

Q: Willie deposits a fixed monthly amount into an annuity account for his child’s college fund. He…

A: We have to find monthly deposits and interest earned.

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.