How much is the effective cost if you need to borrow $350,000 for one year with 9% single payment interest and a 15% compensating balance?

Q: If you borrow $700 for 6 months at 2% annual simple interest, how much must you repay at the end of…

A: As we know that the formula of the simple interest is:   Simple interest =I=P×r×t   Where,…

Q: How much did Speedy Movers borrow for a debt that accumulated to $51,238.44 in four years? The…

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Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?

A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…

Q: What is the overall rate of return on a $190,000 investment that returns 17% on the first $60,000…

A: Given $190000 Investment that return 17% on the first $60000 and 14% on the remaining money?

Q: Constance is planning to pay for part of her college using a $12,000 student loan. She is comparing…

A: For option A The amount to be paid by Constance after 5 years is

Q: You inherit $70,000 from a very wealthy​ grandparent, with the stipulation that for the first​ year,…

A: Let x (in dollars)  be the amount invested at 4% and then amount invested at 10% is (70000-x)…

Q: In terms of paying less in​ interest, which is more economical for a ​$60,000 mortgage: a​ 30-year…

A: We need to identify which loan is more economical. Use the formula  PMT=Prn1-1+rn-nt    ...1

Q: You pay off a debt of $750 by paying 19% of the remaining balance each month. How many months will…

A: Given that , Initial debt D0=$750 r=19% when Dt=450 then t=?

Q: You inherit $28,000 from a very wealthy grandparent, with the stipulation that for the first year,…

A: Let x=amount invested at 4%       y=amount invested at 10%

Q: If you earn $1200 per month and you expect your earnings to increase by 10% per year, how much do…

A:

Q: A lending company advertises that for a fee of P10, you can immediately borrow up to P200 for one…

A: The formula relates present value(P), future value(F), interest rate(i) and the number of years(n)…

Q: Sea Company was expanding its production facilities and purchased large quantities of land 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: The major Airline is planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: Given Airline wants to borrow $800 million by issuing bonds. The bonds are for a 10-years period…

Q: If you want to earn 9% annual simple interest on an investment, how much should you pay for a note…

A: Given that  worth $28,700.00 in 5 months. 9% annual simple interest on an investment,

Q: If u make an investment of $5000 and the investment earns an annual interest rate of 2.1%, how much…

A: The simple interest SI on a sum of P at R rate of interest for T years is expressed as SI=P×R×T100…

Q: How much final amount would Abraham receive if he invest P100,000 for 1 year and 3 months at 11%…

A: Use the formula to calculate the simple interest as follows:

Q: How many months will it take for the debt to be completely paid off? How do you know?

A: The graph shows the payoff of a debt at a constant rate. We have to find how many months will it…

Q: Your University magazine, The Indus Magazine, has fixed production costs of Rs.1.5 million per…

A: We have given that The Indus Magazine ,has fixed production costs of Rs 1.5million per edition and…

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: The SUTA rate for Worldwide Industries is 5.4% and its FUTA rate is 6.2% less the 5.4% SUTA credit.…

A: the SUTA taxes for the payroll is=5.4%×$52,174=$2817.396the FUTA taxes for the payroll is…

Q: Solve the problem. If an entrepreneur applies for a loan amounting to P500, 000 in a bank, the…

A: Given: The amount of loan is P=500,000. The simple interest (S.I) is P157,500. The time (t) is 3.…

Q: (B) What would be the estimated price per computer for a demand of 11,000 computers? For a demand of…

A: We have to find the price per computer at given demand.

Q: Sammy wants to buy a new stereo priced at $413. He enters into an agreement to pay $20 a month for…

A:

Q: Your starting salary at a new companv is $34,000 and it increases bv 2.5% each vear. What will vour…

A:

Q: How much will need to be paid in full on a loan of $2200, at a rate of 4.2% simple interest for 6…

A:

Q: What is the present value of 1700 dollars to be paid in 5 years, if the effective rate of interest…

A:

Q: If you borrow $600 for 18 months at 8% annual simple interest how much must you repay at the end of…

A:

Q: A newly opened bed-and-breakfast projects the following: Monthly fixed costs Variable cost per…

A: Given problem Given that   A newly opened bed-and-breakfast projects the following :   Monthly…

Q: If $600 is borrowed and the interest after 24 months is $120, what is the annual interest rate for a…

A: Solution

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

A:

Q: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return…

A: Given, Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average…

Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

A:

Q: What is the maximum amount you can borrow with a 30-year mortgage if you can pay $725 a month and…

A: Note that, here the periodic payment PMT=$725, interest rate i=4.2%=4.212×100=0.0035, and the number…

Q: If you need $50,000 five years from now, what is the minimum amount of money you need to deposit…

A: Let I have to deposit $P  Final amount=A=50000 Time=t=5 years Interest rate=3%=0.03   a) Number of…

Q: A company needs $3,600,000 in order to expand their factory how much should the company invest each…

A: Given, FV=$3600000 r=9.4%/52 n=52×14

Q: A $40,000 investment in a mutual fund doubled to $80,000 in 5 years. What was the investment’s…

A:

Q: Anna is buying $11,000 worth of rare coins as an investment. The dealer is charging her an annual…

A:

Q: Suppose Sam makes $75,000 a year while Willie makes $6,500 per month.  Who makes more money per…

A:

Q: A company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one year.…

A:

Q: how do you solve a depreciation problem?

A: In question we have to describe how can we solve depreciation problem.

Q: 4. How long will 1 million pesos earn a simple interest of 200.000 at 2% per annum?

A: Since you have asked multiple questions, we will solve the fourth question for you simple interest…

Q: A new furniture set costs $2500. If you make a down payment of $500 and finance the rest at a rate…

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Q: How much did the client borrow at 5% compounded annually when he settled his obligation of P85,300…

A: Compound hobby (or compounding hobby) is the hobby on a mortgage or deposit calculated primarily…

Q: You are currently making $70,000 a year after taxes and are interested in maintaining your current…

A:

Q: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

A: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

Q: Compute the specified quantity. Your total payment on a 3 year loan, which charged 7% annual simple…

A: Amount = principal (1+ ((rate*time)/100)) simple interest= (principal*rate*time)/100

Q: If Arnold earns a salary of $18,564 a year and is paid biweekly, how much is his gross pay per…

A: Here is the solution

Q: Find the amount of interest paid on a loan of $2000 if it is repaid over three years at a simple…

A: