Find the savings plan balance after 3 years with an APR of 7% and monthly payments of $200. The balance is S (Do not round until the final answer. Then round to the nearest cent as needed.)

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

Q: Find the savings plan

A: We have to find the savings plan balance .

Q: Ann and Tom wants to establish a fund for their grandson's college education. What lump sum must…

A: let they deposit    $ Po P=Po1+rnntP= final amount Po= initial Amount r= intrest raten=number of…

Q: Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What…

A: Given: Future amount(F)=$83,000Time(t)=20 months=2012yearsrate of interest=6%=6100=0.06 The future…

Q: Find the savings plan balance after 18 months with an APR of 5% and monthly payments of $300. The…

A: Topic  =Algebra

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: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Arianna has put $37,600 into a retirement fund. The fund has an estimated annual return of 10%. If…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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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: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest rate of…

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Q: Find the savings plan balance after 1515 months with an APR of 55​% and monthly payments of…

A: We have to use the formula  Where P=payment= 250250 n= number of months=1515 i= interest rate=…

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

A: Topic = Algrbra

Q: If Clare takes out a mortgage for 22 years at an interest rate of 3% and her monthly repayments are…

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Q: Find the savings plan balance after 12 months with an APR of 2​% and monthly payments of ​$100.

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given that $40,000 borrowed at 4% for 9 years, with monthly payments

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

A: Consider the equation

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) Finance $350,000 for…

A: Let's say a person has taken a certain amount of loan and wants to repay it in equal installments.…

Q: Jeffery Wei received a 7-year non-subsidized student loan of $33,000 at an annual interest rate of…

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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: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given the periodic payments PMT on the given loan $30,000 borrowed at 4% for 10 years, with monthly…

Q: Ann and Tom want to establish a fund for their Grandson's education. What lump sum must they deposit…

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Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) Finance $650,000 for…

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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: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $513,000 home…

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Q: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest rate of…

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Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

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Q: Alan decides to buy a home. He takes out a mortgage of $400,000 with an interest rate of 4.6%.…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: To solve this problem, first we have to determine the total interest that is accumulated on the…

Q: In order to purchase a home, a family borrows $45,000 at an annual interest rate of 12%, to be paid…

A: In order to purchase a home a family borrows $45,000 at an annual interest rate of 12% to be paid…

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: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: ---- Periodic payments PMT PMT=PV*i/(1-(1+i)^-n) -- Here principal value  PV=60000 interest rate…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: ats to start saving for a down payment on ccount that pays 3% annual interest, com n Carli's account…

A: Introduction: The formula of a loan of monthly payment A is given by, A=Pr12r12+1nr12+1n-1

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $505,000 home…

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Q: A computer store sells for  $2,200,000 . The buyer made a  30%  down payment and secured a  20…

A: Given that, A computer store sells for $2,200,000. The buyer made a 30% down payment and secured a…

Q: Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 7 years of…

A: Amount of Loan = $150,000Annual Interest Rate = 3%Monthly Interest Rate = 0.25%Period of Loan = 25…

Q: Sandra buys a new car for $18,600. She puts 15% down and obtains a simple interest amortized loan…

A: Here, Car price= $18,600 Down payment=0.15 Annual rate= 6.25% Number of months= 5*12= 60 months

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: John Roe, an employee of The Gap, loans $3,000 to another employee at the store.  He will be repaid…

A: Since there are 4 quarters in a year so final amount is:  A=P1+R/4100t×4   =30001+8/41004×4…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: Jeffery Wei received a 6-year non-subsidized student loan of $30,000 at an annual interest rate of…

A: Given problem Given that   Jeffery Wei received a 6-year non- subsidized student loan of $30,000…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: You purchase an RV by making a down payment of $10,200. The terms of your finance agreement have an…

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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