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- Find the value of APC if the C is 1123 billion and Y is 211 billionFor the factor (F∕P,10%,43), find the percent difference between the interpolated and formula-calculated values, assuming the formula-calculated value is the correct one.A local financing bank granted a car loan to a man who agreed to pay a rate of interest of 20%. Interest in this type of transaction is to be deducted from the loan at the time the money is released. At the end of one year, the borrower will have to pay the same amount that is stated in his loan application. What actual interest did the financing bank charge him? Do a manual solution.
- Find the correct numerical value for the following factors from the interest tables:a. (F/P,10%,20)b. (A/F,4%,8)c. (P/A,8%,20)d. (A/P,20%,28)e. (F/A,30%,15)Write the formula with which the effective rate is related to the APR?During a recession, the price of goods and services goes down because of low demand. A company that makes Ethernet adapters is planning to expand its production facility at a cost of $1,000,000 one year from now. However, a contractor who needs work has offered to do the job for $790,000 provided the company will do the expansion now instead of 1 year from now. If the interest rate is 10% per year, how much of a discount is the company receiving?
- A small company wishes to set up a fund that can be used for technology purchases over the next 6 years. Their forecast is for $12,000 to be needed at the end of year 1, decreasing by $2,000 each year thereafter. The fund earns 8% per year. How much money must be deposited to the fund at the end of year 0 to just deplete the fund after the last withdrawal?Q1 As per attached fileIf ₱5,000 is invested for the period from March 19 to August 6, 2010 at 6% simple interest find:a. exact simple interest using exact time,b. exact simple interest using approximate time,c. ordinary simple interest using exact time, andd. ordinary simple interest using approximate time.
- During a recession, the price of goods and services goes down because of low demand. A company that makes Ethernet adapters is planning to expand its production facility at a cost of $1,000,000 one year from now. However, a contractor who needs work has offered to do the job for $790,000 if the company will do the expansion now instead of 1 year from now. If the interest rate is 15% per year, how much of a discount is the company getting? The answer is $79,565. ALL I NEED IS A SOLUTION TO THE PROBLEM. THANK YOUA commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of $575,000 beginning in year 2 and ending in year 16. How much will a bank be willing to loan at an interest rate of 13% per year? The bank will be willing to loan the developer a sum of $Since your first birthday, your grandparents have been depositing $110 into a savings account every month. The account pays 12% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to ________.