How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest for 4 years? O P3,840 O P27.840 O P384,000 O P38,400

Q: You want to be able to withdraw $30,000 each year for 30 years. Your account earns 6% interest. a)…

A:

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 7% interest.a) How…

A: According to the given information:Amount earned after retirement PN=$300,000Time (n) = 20yearsRate…

Q: A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in…

A: The percentage is a ratio expressed as a fraction of 100. The percentage is denoted by the symbol %.…

Q: You

A:

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 20…

Q: You want to be able to withdraw $40,000 each year for 15 years. Your account earns 6% interest.a)…

A: From the given information, the amounts withdraw $40, 000.The number of years is 15 and interest is…

Q: Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that? ____ $800…

A: All values given.. Use the formula of simple intrest.. And put the values..

Q: Sanjay borrowed $7,000 at a simple interest rate of 3% per year. After a certain number of years he…

A:

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. a) How…

A: Here, given that you want $500,000 for retirement in 30 years. Your account earns 6%  interest,

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. How much interest did you pay over 30…

A: Given problem is :

Q: Personal Loan: Brent Pickett borrowed $4000 from his brother Dave. He agreed to repay the money at…

A:

Q: You invest $1,000 in an account that pays 7% simple interest.  What will the balance be after 8…

A:

Q: Suppose you want to have $500,000 for retirement in 35 years. Your account earns 9% interest.a) How…

A: (a)Given:

Q: 4% simple interest , Maria loaned 35,000 after 10 years. how much he pay for interest?

A: The principal amount is: P=35000 And the interest rate is: r=4% And the time: t=10 year The interest…

Q: Jason loans $2000 to his sister, Rebecca, for 2 years at 3% simple interest. (a) How much interest…

A:

Q: You purchase a new car for $19,500.             If you borrow $19,500 for 5 years with an interest…

A:

Q: simple

A:

Q: You want to be able to withdraw $40,000 each year for 25 years. Your account earns 5% interest.a)…

A: Consider the given question,Given regular withdraw amount(d) = $40,000Number of years(n) = 25…

Q: Solve Problem 20.4 using Excel.

A:

Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 5% interest. a) How…

A:

Q: How much money could you withdraw each quarter of a year for 4 years if you deposited $50,000 into…

A: To Find: How much money we could withdra each quarter if the account pays 4% interest compound…

Q: How much would you need to deposit in an account now in order to have $6,000.00 in the account in 5…

A:

Q: You deposit $500 each month Into an account earning 5% Interest compounded monthly. a) How much will…

A: a) Obtain the amount in the account after 30 years as follows. Use the formula below.…

Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: It cost $200,000 to put a kid through college.  How much money would you have to deposit monthly…

A:

Q: Professor Beatrice Kuhl invests $7,500 at 4.5% interest.  How much money will she have at the end of…

A: the given principal value P = $ 7,500 interest rate r = 4.5% for time t = 6 years

Q: Five: $600 deposited yearly in an annuity account that pays 12% per year and compounds once yearly.…

A: Formula  Amount after n years =>A=P(1+r/100) n

Q: Shyna borrowed Php. 35,000 with an annual interest of 6%. How much would be the interest? a. 2,100…

A:

Q: 13. Juan borrowed $27,000 from a bank to purchase a car. If he borrows the money at 4.15% interest…

A:

Q: You deposit $400 each month into an account earning 5% interest compounded monthly. You should show…

A:

Q: You deposit $430 each month into an account earning 4.8% interest compounded monthly. a) How much…

A:

Q: Five: $600 deposited yearly in an annuity account that pays 12% per year and compounds once yearly…

A:

Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

Q: Rafaela takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does…

A:

Q: You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 7% interest…

A: Let's find loan amount and interest.

Q: An amount of P12, 500 is invested at 3.25% simple interest for 3 years. Complete the table below.

A:

Q: You would like to have $35,000 to spend on a new car in five years. You open a savings account…

A:

Q: You deposit $170 each quarter into an account earning 6.3% interest compounded quarterly. a) How…

A: Given  Quarterly deposit =$170 compound interest rate = 6.3%

Q: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time.…

A: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time. We…

Q: You borrow $5,000 from the bank to pay tuition for your first year of university.  The bank charges…

A: Given: Principal amount, P=$5,000            Rate per annum, R=6% To find: a) Amount to be repayed…

Q: A house costs $350,000. You pay a 15% down payment and mortise the rest with equal monthly payments…

A:

Q: You want to be able to withdraw $45,000 each year for 30 years. Your account earns 4% interest. a).…

A:

Q: Sarah borrowed money from the bank at an annual interest rate of compounded semi-annually for 5…

A: Since you have asked multiple question, we will solve the first question for you as per our guide…

Q: A bank offers a CD that pays a simple interest rate of 4.5​%. How much must you put in this CD now…

A: Use simple interest formul

Q: You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter…

A:

Q: You deposit $200 each month into an account earning 10.2% interest compounded monthly. a) How much…

A:

Q: You deposit $190 each week into an account earning 5.8% interest compounded weekly. a) How much will…

A: We have to find money in the account after 15 years, total money put in the account, total interest…

Q: You want to take out a $125,000 mortgage. The interest rate on the mortgage is 5%, and the loan is…

A:

Q: You want to be able to withdraw $20,000 from your account each year for 15 years after you retire.…

A: