If money is worth 14%, what payment on August 29 would be equal in value to a payment of $86,900 due on January 31 of the following year? Round to the nearest dollar.

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: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: You take out a loan of $59,000 for a term of two years at 11% interest compounded annually. What is…

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Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…

A: Since you have posted multiple questions and we can answer one question. So, answered first…

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: mount must be set aside now to generate payments of $40,000 at the beginning of each year for the…

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Q: If a company wanted to save each year $4500 for 6 years, but not start saving until year 4, in order…

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Q: If you pay your friend 15$ each month for 20 months to repay a loan, what is the total cost of the…

A: Explanation of the answer is as follows

Q: If you were investing money in an account and the interest rate was the same either way, would you…

A: If the same amount of money is deposited and the same rate of interest is applied then: Simple…

Q: Steph took out a simple interest loan that charges 8.5% interest annually. If her original loan…

A: Given: Loan amount is, P=$30000. Simple interest rate is, r=8.5%. Number of years, n=20 years. The…

Q: If our monthly income is $1,400 and your house payment is $1,140, what fraction of your monthly…

A: Monthly income = $1,400  House payment = $1,140 Fraction of monthly income into house payment =…

Q: Consider a credit card with a balance of $7000 and an APR of 15.99%. In order to pay off the balance…

A: Given Amount borrowed =$7000 APR=15.99% Time =3 year

Q: A car dealer will sell you the $16,750 car of your dreams for $3,290 down and payments of $333.97…

A: Consider the given information as, P=16750$,  t=48 month=4yr

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: 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: A payday loan company charges a $90 fee for a $600 payday loan that will be repaid in 20 days.…

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Q: How much should you put in an investment paying a simple interest rate of​ 5% if you needed​ $4000…

A: Consider the provided question, Given, rate of interest = 5% time = 18 months = 1812 years Future…

Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

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Q: An insurance company pays claims for bills from a physical therapist as follows: They take the…

A: Given  Actual bill is reduced by 10% Percentage paid of the remaining amount =35%

Q: If you finance $15,000 for 3 years at 6% compounded monthly, the monthly payments will be…

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Q: A television set is for sale at P13, 499 in cash or in installment terms, P2,500 each month for the…

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Q: What is the simple interest rate on a $2100 investment paying $771.75 interest in 10.5 years?…

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Q: If the annual dividend per share for a company is $0.14 and the closing price $21.81, then the Stock…

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Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=8000 t=10 years r=7%=0.07…

Q: A payday loan is made for four weeks, where the amount of interest owed per $⁢100 borrowed is $10.…

A: Principal = $800 Time period for the loan = 4 weeks Amount of interest owed per$100 is $10   Total…

Q: An auto dealer advertised a down payment of $1,500 on a Mustang valued at $19,400. What is the…

A: we are given the Amount of down payment of Mustang= $1500                             Cost of down…

Q: If the rate of interest in Example 2 was 6% instead of 1.2%, how much will the account have after 24…

A: Principal Investment (P) =$1000 Rate of interest (R) = 6% per annum = 612% per month=12% per month…

Q: The total amount paid on a 35 year loan was $98,000. If the interest rate was 4.1% and compounded…

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Q: A loan was repaid over seven years by end-of-month payments of $450. If interest was 12% compounded…

A: By using the formulas of future value we solve the given problem as follows :

Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…

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Q: If you would like to make $2236 in 8 years, how much would you have to deposit in an account that…

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Q: Assume that her total winnings are $ 400000, that the utility bonds will pay 16 percent per year,…

A: Given: Total winnings=$ 400000 . The utility bond will pay 16% per year. The savings account will…

Q: If 5000 dollars is invested in a bank account at an interest rate of 4 percent per year,

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Q: Your employer offers a 401(k) plan with a 49% match, and you set a goal of retiring in 37 years with…

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Q: The cost of a particular private school inclues a one-time initiation fee of $2,000, plus annual…

A: It is given that one-time initiation fee is $2,000 and annual tuition fee is $10,000.The initiation…

Q: Jim financed the purchase of a new car. If the loan had an annual rate of 3.25% compounded annually…

A: By using formula we solve the given problem as follows :

Q: If you borrow 1800 dollars from a lending agent for 65 weeks and in the end you have to pay 270…

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Q: Sophie owes Sam P75,000.00 due in one year and P225,000.00 due in 4 years. She agrees to pay…

A: The effective annual interest is calculated using the formula Effective Annual interest Rate=1+inn-1…

Q: An auto dealer advertised a down payment of $1,400 on a Mustang valued at $18,200. What is the…

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Q: If the simple interest on $1,000 for 10 years is $600, then what is the interest rate? The rate is…

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Q: A payday loan is made for five weeks, where the amount of interest owed per $⁢100 borrowed is $⁢20.…

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Q: How much do you need to deposit each month for three years into a savings account that pays 6.5% APR…

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Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…

A: Formula used to solve the given problem is given below: An=P×1-1+r-nr Where; P= periodic payment…

Q: A man pays P 129,254  every end of six (6) months for a car bought on installment terms. If the man…

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Q: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month?

A: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: Topic:- simple interest

Q: Suppose your savings account pays 8% interest compounded quarterly. If you deposit $15,000 for two…

A: Given: Interest rate r = 8% r = 0.08 Deposit amount or principal amount P = 15000 Time period t = 2…

Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…

A: Principal  =  $5000  Rate  =  10%  =  0.1     Final amount to be paid    =  5000 × ( 1 + (10/100) )3…

Q: Suppose your salary in 2012 is $70,000. If the annual inflation rate is 5%, what salary do you need…

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