If you want to earn 4% annual simple interest on an investment, how much should you pay for a note that will be worth $12,500 in 10 months

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: Noah invests $3,600 for two years.   The account pays 0.43% monthly compound interest. To the…

A: It is given that, principal amount invested is P = $3600, percentage rate is r= 0.43%, No of times…

Q: You accept a job with an annual income of $58,400. This includes your salary and a year-end bonus of…

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Q: The problem you must solve is: Suppose you have two student loans: • $15,000 with an APR of 8% for…

A: This is a problem related to interest calculation. As per bartleby policy, we can answer only 3…

Q: you accept a job with an annual income for $47800. This includes salary and a $1000 year end bonus.…

A: It is given that the job is accepted with an annual income of $47800. As there are 12 months in a…

Q: You deposit $1200 in an account with an annual interest rate of 3%. How much simple interest is…

A: Given,  Principal = p = $ 1200  Interest rate = r = 3 %  Time period = t = 5 years  We have to find…

Q: You have $250,000 in an IRA (Individual Retirement Account) at the time you retire. You have the…

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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: Paying 13 mortgage payments instead of 12 per year can save you thousands and interest cost. If you…

A: This problem is solved using PMT rule.

Q: Offered a job with a low starting salary but with a $2,000 raise for each of the next 7 years . How…

A: Given Offered a job with a low starting salary but with a $2,000 raise for each of the next 7 years…

Q: Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,…

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Q: A total of $16,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

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Q: 3. A man loan P2000 from the bank. How long would it take in years for the amount ofthe loan and…

A: Given, A man loan p2000 from the bank, so here principal amount=p2000 8% simple interest, so the…

Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

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Q: Joseph Abruzzio decides to divide a gift of $6000 into two different accounts. He deposits $2000 in…

A: Consider the given informationTotal amount =6000$Deposit amount in IRA = 2000$ with interest rate of…

Q: Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 7 years from now. She knows…

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Q: You can afford a $250 per month car payment. You've found a 4 year loan at 6% interest. How big of a…

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

A: (a)Given:

Q: An investor puts £5,000 in a savings account that pays 10% simple interest at the end of each year.…

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Q: A total of $16,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

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

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Q: erest rate of 7%, the amount earned 11,200 pesos of simple interest in 2 years and 9 months. How…

A: Introduction: The formula of simple interest is given by, A=P(1+rt) Where P is the principal amount,…

Q: Bill Casler bought a $3000, 9-month certificate of deposit (CD) that would earn 8% annual simple…

A: Amount that Bill-casier deposited to earn interest means principal money(P)=$3000 Rate of…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: A student decides she wants to save money to buy a used car, which costs $2600. She comes up with…

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

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

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Q: How long will it take for this investment to reach a value of $8,300.00

A: In this question, we need to find the time in years to the desired amount for the given principal.…

Q: Suppose you want to have $800,000 for retirement in 30 years. Your account earns 5% interest. a) How…

A: Given: r = 0.05                    5% annual rate k = 12                      since depositing…

Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: If a amount P is invested at a interest rate  r%  per annum for  t years, then the simple interest…

Q: Roscoe invested $140. She earned a simple interest of 3% per year on the initial investment. If no…

A: Since you have posted multiple questions, as per our policy we will answer first question. Please…

Q: You have $750,000 in an IRA​ (Individual Retirement​ Account) at the time you retire. You have the…

A: Given: The amount for investment is $750,000. Fund A pays 5.1% annually and B pays 7.6% annually.…

Q: o create a college fund for your child. Suppose you find a fund that offers an APR of 6%. How much…

A: We are given: APR=6%=0.06A=Amount after time t=$89000n=Number of months in a year=12Y=Number of…

Q: Ken made $14,500 in five months at his new job. How much can he expect to make in two years if his…

A: Given : Ken made $14,500 in five months at his new job.

Q: You are offered a job that pays 40, 000 for the first year with an annual increase of 5% per year…

A: Given

Q: how do i solve this application ? step by step please

A: The total invested amount is 12,000.

Q: You have $750,000 in an IRA (Individual Retirement Account) at the time you retire. You have the…

A: The term percent means for every hundred. A fraction whose denominator is 100 is called a percentage…

Q: You can afford a $400 per month car payment. You've found a 3 year loan at 3% interest. How big of a…

A: Given: Monthly payment, p0=400. Since it is a monthly due payment, the number of payment per year,…

Q: Mr. Charles, a rich businessman, divided his wealth of $170 million between his two sons, Jason and…

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Q: You borrow $35,000 for a home repair.  You can afford to pay back $800 a month. 3. If you borrow…

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

Q: Sharon wants to have $10,000 after 8 years. How much should she deposit in a 4.5% saving account in…

A: The formula for amount using the compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

Q: You have $250,000 in an IRA (Individual Retirement Account) at the time you retire. You have the…

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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 bought a house for $75,000. You were told that it will increase in value by 2% a year. How much…

A: Given that, You bought a house for $75,000. You were told that it will increase in value by 2% a…

Q: Suppose you want to have $700000 retirement in 20 years. Your account earns 10% interest. A) How…

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Q: A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest. The…

A: Given:   A total of $20,000 is invested in two corporate bonds that pay 3.5% and 5% simple interest.…

Q: hana inherited land from her late grandmother. The land originally cost $25,000 when her grandfather…

A: Given that: Cost of land in 1945, P = $25,000rate of increase, r= 5%

Q: how much would someone need to deposit each year into the account in order to have $60,000 saved up…

A: Maturity amount is $60000 Time period is 17 years Rate of Interest is 8%

Q: how much should you set aside and invest in a fund earning 9 compunded accumulated 200000 in 3 years…

A: Given, Total accumulated wealth= 200,000Rate, R= 9%=0.09Time ,t=13 ( quarterly ) To find: Amount to…

Q: John grosses $27,000 a year. What is his gross semi-monthly wage?

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