GENERAL MATHEMATICS Lauro deposited P64, 600 in a savings account which pays 8% interest compounded semi annually. What will his balance be in 4 years?

Q: To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you…

A: Given:To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker…

Q: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: It is given that, principal amount invested is P = $3600, percentage rate is r= 0.43%, No of times…

Q: What is the simple interest rate per annum if you incurred interest of $60 over 8 months if you…

A: Hi! Thank you for the question, As per the honor code ,we are allowed to answer one question at a…

Q: Mike invested $3000 at 12% per annum compounded semi-annually for 8 years. a) How much money does…

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Q: You deposit $1540 in a savings account paying 3.3% simple interest. How much interest will you earn…

A: It  is given that deposit amount is 1540  dollars and the rate of interest is 3.3%. To find : the…

Q: You deposit $1200 in an account with an annual interest rate of 3%. How much simple interest is…

A: Given,  Principal = p = $ 1200  Interest rate = r = 3 %  Time period = t = 5 years  We have to find…

Q: Rob invests $6080 at an annual rate of 8.5% simple interest for 26 months. what is the future value…

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Q: Arman's parents gave him some money as a gift and deposit all of it in a bank that pays 5% annual…

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Q: Saad invests S8000 with the bank The interesest rate is 7,5% per annum compounded annually. The bank…

A: Here, V0=8000, Vn=11485.03 and r=7.5% Subsitute the value of V0, Vn and r in Vn=V01+r100n.…

Q: Sonia invested a certain amount of money into an investment that offered her a simple interest rate…

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Q: a savings account that earns 10 % interest per year. The interest

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Q: Jessica borrowed $5000 from the bank in order to buy a new piano. She will раy it off by equal…

A: In the question it is asked to calculate payment size and total interest that Jessica has to pay…

Q: 6. Trey wants to attend a college that will cost $17,400 for the first year. His uncle gave him a…

A: Trey first year cost =$17400 Trey special gift by uncle =$12000

Q: To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you…

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Q: prder to accumulate enough money for a down payment on a house, a c ch money will be in the account…

A: Introduction: The formula of the annuity is given by, A=R·1+rnnt-1rn Where r is the interest rate, t…

Q: Henry wants to buy a new gaming laptop worth 84,000 php. He is offered 40% of the price as down…

A: Let's find.

Q: gracie shay wants to buy a new hummer in six years. gracie estimates the cost of the hummer will be…

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Q: MATH • ADVANCED-MATH What interest will be charged on a $1200 loan for 9 months if the rate is…

A: To find interest will be charged for the loan amount $1200 for 9 months if the rate is 12% simple…

Q: 7. Dusty won $125,000 on the Who Wants to be a Zillionaire? game show. He decides to place the money…

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Q: Suppose you want to have $800,000 for retirement in 25 years. Your account earns a 5% interest. How…

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Q: interest

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Q: Sam invested $2700 in an account with annually compounded interest. After 7 years, he had $3432 in…

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Q: 8. Milena plans to invest $8000 in a mutual fund for 2 years. She has two choices. Plan A: 5.5% per…

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Q: jessica invests a principal of 4000$ at 6.5% simple interest. what is the rate of return?

A: The rate of return is 6.5%

Q: You borrow $600. The bank charges a 12% interest rate and the interest is compounded each month for…

A: Given: The principle amount P=$600 Rate of interest R=12% Time period = 6 months The formula for…

Q: Neeki's parents gave her some money as a gift and she deposit all of it in a bank that pays 6%…

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Q: On July 10, Isabella opened a savings account with $900. It earned 3% interest, compounded daily. On…

A: To find out the amount at the end of the day on July 11.

Q: Mary Lou received $11,000 from her grandparents for her college education 7 years prior to her…

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Q: Bianca purchased a car for $26,000; she paid $6500 as a down payment and financed the balance amount…

A: Note: All amounts are in $Amount to be paid = 26,000Amount paid           =   6,500Present loan, PV…

Q: Emma is saving money for college. She has $800 and wants to deposit it into 2 different savings…

A: Emma is saving money for college. She has $800 and wants to deposit it into 2 different savings…

Q: Joe deposited $500 in an account that earns 6% simple interest. Alex deposited $500 in an account…

A: Compound interest formula A=P1+rtnt where A is accumulated amount P is principle amount' r is rate…

Q: When Susan had 4 years left in college, she took out a student loan for $15,630, The loan has an…

A: Given that Susan had 4 years left in college, she took out a student loan for $15630. The loan has…

Q: 5. At the end of 6 years, after being charged interest at 0.8% per year, compounded weekly, Cliff…

A: We will find out the required value.

Q: David posted $1500 in a savings account and an annual interest rate of 3% compound monthly. At the…

A: If P is the principal amount and the compound rate is r  (annually)then the monthly compounded…

Q: he simple interest charged on a 6-month loan of P18,000 is P918. Find the simple interest

A: principal P = P18000 time = 6years =612=12 the interest I = 918 The formula for the simple interest…

Q: Mary Lou received $16,000 from her grandparents for her college education 8 years prior to her…

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Q: Neeki's parents gave her some money as a gift and she deposit all of it in a bank that pays 6%…

A: Given, bank pays 6% annual interest compounded quarterly.  After 12 years balance is $19,000.  To…

Q: Josh makes $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years. When…

A: We have, Josh makes $1500, 7% simple interest personal loan to his friend Sean for a period of 9…

Q: Joel takes out a loan from his local bank at a rate of 5%. He invests 75% of that loan into common…

A: Find the explanation below

Q: Alec invested $1500 in an account with annually compounded interest. The account earns 4% annual…

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Q: Jefferson Bank made a loan at 7% interest for 238 days. If the amount of interest was $300.81, use…

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Q: 10. ALGEBRA Mary Rose pays her auto insurance premiums quarterly. Her annual premium last year was…

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Q: mary lou received $19,000 from her grandparents for her college education 7 years prior to her…

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Q: рaymen pounded monthly? iuans zird 31. How long will an account worth $2.2 million provide $10,000…

A: Here we solve the given problem of Algebra.

Q: Hello, We are in the financial math chapter. In early 2000, Nicolas deposited $30,000 in an account…

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Q: You deposit $100 in a savings account that earns 5% simple interest per year. What is the interest…

A: Given Principal amount = P = $100 Time = t = 8 years Interest rate = 5% per year

Q: Tuition of $1260 will be due when the spring term begins in 9 months. What amount should a student…

A: $1260 tuition fee will be due when the spring term begins in 9 months

Q: A recent high school graduate received ​$700 in gifts of cash from friends and relatives. In​…

A: This question is related to compound interest, We will solve it using given information.