How would you receive (future value) after five years if the 10% rate is a simple interest rate?

Q: Salim wants to remodel his game room in 3 years. He estimates the cost to be $18559. Find the…

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Q: Jacob already knows that he will have $650,000 when he retires. If he sets up a payout annuity for…

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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: You have $5000 on a credit card that charges 18% interest rate. If you want to pay off the credit…

A: It is given that, PVA=$5000, i=0.18, n=4, a=12

Q: The ordinary simple interest charged after 130 days on a loan of P 10,200 is P575. Find the interest…

A: Given: P=10,200I=575R=?T=130  days

Q: How much interest is deducted in advance from a loan of P18,000.00 for one year and 6 months if the…

A: A loan of P18,000.00 for one year and 6 months the discount rate is 9%.

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: You have found an annuity that will pay 4.75% annually and you plan to put $1,000 into the annuity…

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Q: A student borrows $1500 for 1 year at 4% simple interest. What is the interest after 1 year?

A: Given that a student borrows $1500 for 1 year at 4% simple interest. We need to find the interest…

Q: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

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Q: Kylie is thinking of investing an amount of P250, 000.00 at 5% compounded annually for 2 years. Find…

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Q: in order to start a small business a student takes out a simple interest loan for $4000 for nine…

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Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: Solve the problem. 3) If $4400 earned simple interest of $165.00 in 6 months, what was the simple…

A: To work out the rate of interest , under the given data,

Q: Suppose that you borrow $3000.00 from a friend and promise to pay back $6225.00 in 5 years. What…

A: Using formula A=P+T

Q: If you lend $7,000 to a friend for 16 months at 9% annual simple interest, find the future value of…

A: given that lend amount, P=$7000 for 16 months,  T=1612years=43 years  rate of interest , R=9% annual…

Q: In order to have P250,000 in 5 years, how much should you invest if the compound interest is 12%?

A: Given Amount(A) = 250000 Rate(R) = 12 Time(T) = 5

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

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Q: A recent high school graduate received $600 in gifts of cash from friends and relatives. In…

A: Here given is The student has a total principal amount, P=$600+$250+$300+$1500=$2650 Interest rate…

Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: As part of their financial planning, Janice Garcia's grandparents made monetary gifts to each of…

A: Given information Future Value is $5,000 and rate is r=9% compounded monthly. t=21 months=1.75 years…

Q: Barbara Katzman bought an income property for $32,000 four years ago. She has held the property for…

A: Below is the solution:-

Q: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

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Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: Reggie wants to find the future value of an investment of $1500 that earns 5.25% compounded monthly…

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Q: Suppose that you borrow ​$4000.00 from a friend and promise to pay back $5680.00 in 2 years. What…

A: Formula : Simple interest = PRT/100

Q: A couple borrows $250,000 to purchase their first home.  If the bank charges the couple 6.0%…

A: Given:    P = 250000   n = 12 ( compounded Monthly )   t = 30    r = 6% = 6/100 = 0.06

Q: Salim wants to remodel his game room in 8 years. He estimates the cost to be $15238. Find the…

A: Consider the given information, The future value is FV=$15238, the time is 8 years and the rate 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: present value of the loan

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Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

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Q: A recent high school graduate received ​$600 in gifts of cash from friends and relatives. In​…

A: We will find how much money he will be getting after 36 months as following .

Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: Carolyn invests $8000 at an annual rate of 7% compounded daily for 6 months. what is the future…

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Q: David deposited P2,500 for 2 years at 10% compounded annually and earned a compound interest of…

A: Given that the principle amount=2500And compound interest=525So the future value= 2500+525=3025

Q: You have $3,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: To find the amount need to pay per month

Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: A recent high school graduate received ​$900 in gifts of cash from friends and relatives. In​…

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Q: A recent high school graduate received $900 in gifts of cash from friends and relatives. In…

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Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: A 55-year-old man deposits $50,000 to fund an annuity with an insurance company. The money will be…

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

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Q: You invest $4000 in an account that pays simple interest of 4​% for 10 years. The amount of money​…

A: We will use basic knowledge of simple interest formula and knowledge of basic arithmetic to solve…

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 17% Number of months (t) = 5…

Q: Your favorite snack costs $3.79 per package and a package lasts for one week. If the rate of…

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