If the present worth of a company is 3000$ with interest rate of 9% for 6 years, the EUAC of the company is. Select one: a. 696$

Q: An amount of money was invested at simple interest amounts to ₱815 in 3 years and ₱854 in 4 years.…

A: here on using the formula Amount = principle + simple interest ,we will get the invested money

Q: In 6 years Harry and Sally would like to have $24,000.00 for a dow use. How much should they deposit…

A: In this question, the monthly payment is to be calculated using the formula. M1-1+i-ni=A

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 10% interest. How…

A: It is given that, the future value is FV = $400,000, n=25×12=300, and r=10%=0.112  since each month…

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

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Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how…

A: How many months will it take to pay off an unpaid balance of $2,470.04. ?

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: A loan of $1500 is repaid with a check for $1575. If the annual simple interest rate was 6%, what…

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Q: If $6000 is borrowed at 7.5% simple interest for 2 yr, _____ then the amount of interest is

A: The value of principal is P=$6000. The rate of interest is R=7.5%. The time is given by T=2 years.…

Q: A bank account uses simple interest. If 10,000 is deposited at a rate of 4% interest, how much money…

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Q: if $25,600 is invested for 3.5 years at 4.75% simple interest, how much interest is earned?

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Q: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

A: Given that $1079 has to be made in 5 years and the simple interest rate is 7%. It is required to…

Q: A BANK LOANED OUT $11000, part of it at tge rate of 8% per year and the rest at 18% per year. if the…

A: In this question we have to find the amount which is loaned out at 8%.

Q: If $5000 is invested at 6% simple interest, how long does it take this investment to be worth $7700…

A: Given that $5000 is invested at 6% simple interest.

Q: f you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

A: In this question, the concept of compounded interest is applied. Compounded Interest  Compound…

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: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

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Q: the per age. (R your earest cel $800,000 borrowed at 7% for 2 years, with quarterly payments

A: Use formula of periodic payment

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: A bank loaned out $600,000, a part of it at the rate of 12% per year and the rest at a rate of 6%…

A: Let the amount loaned at 12% be: x Let the amount loaned at 6% be: y Total amount loaned out is: $…

Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…

A: This question related to simple interest and solution is given below.

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

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Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: If Damon invests $1600 for 1 year in a savings account that pays a simple interest rate of 1.09%…

A: Definition used -            Simple interest -                            SI=Prt100…

Q: If money is worth 14%, what payment on August 29 would be equal in value to a payment of $86,900 due…

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

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Q: Lori buys a $1,075 certificate of deposit (CD) that earns 3.2% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will it be in 5…

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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: 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: Wanda took out a payday loan with an effective interest rate of 19,300%. If she had $460 to invest…

A: Use the formula Interest=Principal×Rate×Time100 to calculate the interest.

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 $120 double in approximately 11 years, what is the interest rate

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Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…

A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months

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

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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: If you borrow 1500 dollars from a lending agent for 13 weeks and in the end you have to pay back…

A: Formula r = (1/t)(A/P - 1) r = simple interest rate = ? P = principal amount =1500 A = P+ I  = 1650…

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: At what simple interest rate will an amount of money gain 50% of the principal in 4 years?

A: Principal = PAmount = A Time = T = 4 yearsAccording to question, Amount becomes 150% of principal…

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: If you paid $54 to a loan company for the use of $1,040 for 42 days, what annual rate of interest…

A: We will use the Simple Interest Formula to calculate the annual rate of interest. Simple Interest…

Q: With 1500.00 I opened a savings account in a bank that offered me a monthly interest rate of 0.5%.…

A: Given: P = $1500.00, r = 0.5% p.m., n = 12

Q: If $520 is invested for one year at 13% simple interest, how much interest is earned? The simple…

A: The objective of the question is determine the simple interest.

Q: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: Assume a six-month CD purchased for $5000 pays simple interest at an annual rate of 9.5%. How much…

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Q: A college student receives an interestfreeloan of $8250 from a relative. The student will repay$125…

A: A college student receives an interest free loan of $8250 from a relative. The student will repay…

Q: A bank deposit paying simple interest at the rate of 8% per year grew to a sum of $1200 in 10…

A: The formula for Simple Interest is given by S.I=PRT100 where P is the principle, R is the rate and T…

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage