In April 2014, you could buy a 10-year U.S. Treasury note (“T-note,” a kind of bond) for $10,000 that pays 2.726% simple interest every year through April 4, 2024. How much total interest would it earn by then?

Q: Jaime’s refrigerator loan statement said that he would pay $1,026 as interest after 4 years at an…

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Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

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Q: of $1000 on October 31 and $800 on November 20. What amount will pay off the balance on December 8?

A: Given: The $1000 is paid within discount period that is awaiting 2%  discount The objective is find…

Q: You have $2,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit…

A:

Q: Hual takes out a $3200 student loan at 6.4% to help him with 2 years of community college. After…

A: From the given information. The amount of student loan is $3200. The interest rate for the first 2…

Q: A person deposits 100$ at the end of first, second and third year, if the rate of interest is 15%…

A: This is the case of compound interest

Q: A credit card offers no interest no payments for 12 months. You make a purchase of $3500. You make…

A: purchase made A= $3500 monthly payments m= $300 Amount made during the first year (11 payments)…

Q: Find the interest and amount on P1,200 at 11 3/8 % simple interest for 2 years and 5 months.

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Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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

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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: When Sam had  2  years left in college, he took out a student loan for  $15,175 . The loan has an…

A: We have to find the monthly payment.

Q: A state lotto has a prize that pays $1,800 each week for 20 years. What is the total value of the…

A: According to the problem, we have

Q: A recently married couple ran up a $9,625 credit card balance for wedding expenses. Their credit…

A:

Q: A student graduate from college with 51,000 in student loans with a 6.8% and you simple interest…

A: Simple interest problem....

Q: 8. Rachael turned age 62 in 2016. a. Compute her Social Security full retirement benefit if her…

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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: BRIDGE LOANS To help finance the purchase of a new house, the Abdullahs have decided to apply for a…

A:

Q: The major Airlineis planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: Given: Total moneys to borrow by issuing bondsP=$800 million T=1 quarter taking 2% per quarter Rate…

Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

A:

Q: A man gets a job with a salary of $30,000  a year. He is promised a $2300 raise each subsequent…

A: Given that  A man gets a job with a salary of $30,000  a year. He is promised a $2300 raise each…

Q: Someone borrowing from a five-six ( Bumbay) money lender. How much will be charged if you want to…

A: The formula of simple interest is,                                SI =PRT/100 Where,  SI = simple…

Q: On April 2014, you could buy a 30-year U.S. Treasury note for $15000 that pays 6.08% simple interest…

A: Given data:   The given amount is P=$15000. The given interest rate is r=6.08%. The given time from…

Q: Auto Loan A man wants to buy a car and can affordto pay $400 per month.a. If he can get a loan for…

A: R dollar is to be made at the end of each period, for n periods i is the interest per period. Thus,…

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

A:

Q: A farmer purchased 275 acres of land for $4100/acre. He paid 25% down and obtained a loan for the…

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Q: Ms. Saya got a business loan worth P500,000.00. She promised to pay the loan semi-annually in 2…

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Q: A recently married couple ran up a $6,594 credit card balance for wedding expenses. Their credit…

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Q: Sameer borrows $160,000 from a bank in the form of a 15-year mortgage to purchase a house. If he…

A: Principal amount is the amount you took and interest is the amount repaid extra apart from the…

Q: Bill Casler bought a $8000, 9-month certificate of deposit (CD) that would earn 8.4% annual simple…

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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: and

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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: You can afford a $300 per month car payment. You've found a 5 year loan at 4% interest. How big of a…

A:

Q: You can afford a $350 per month car payment. You've found a 5 year loan at 4% interest. How big of a…

A: Solution

Q: You have $3,000 on a credit card that charges a 12% interest rate. If you want to pay off the credit…

A:

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: Your friend buys a $16,000 car. Your friend is financing the purchase with a loan at 3.6% with…

A: Given: PV=$16,000r=3.6%=0.036n=12t=5 years To determine: The interest paid over the course of the…

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

A:

Q: Suzanne opens an account at a local bank on January 1, 2004 with a deposit of 3490 dollars. On…

A:

Q: 4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a…

A: The simple interest formula is: A=P(1+rt)

Q: your goal is to create a college fund for your child. suppose you find a fund that offers an APR of…

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

Q: You have $2,000 .on a credit card that charges a 21% interest rate. If you want to pay off the…

A:

Q: You can afford a $350 per month car payment. You've found a 4 year loan at 7% interest. How big of a…

A: Given, you can afford a $350 per month car payment. You've found a 4-year loan at 7% interest.

Q: Caitlin borrowed a certain amount of money for 6 years at an annual simple interest rate of 5.2%. If…

A: Given:   Caitlin borrowed a certain amount of money for 6 years at an annual simple interest rate of…

Q: You want to purchase a new car in 6 years and expect the car to cost ​$82,000. Your bank offers a…

A: Given, Cost of car = $82,000 Time (t) = 6 years Rate = 5.5% = 0.055

Q: peter paid 50,000 in 2.5 years he barrowed 40,00. What is the simple interest?

A:

Q: A Pawn Loan: Jeffrey Kowalski wants to take his mother out for dinner on her birthday, but until the…

A: This question can be solved using the concept of simple interest.

Q: An investor is considering purchasing a Microsoft bond. The bond has a $1,000 face value, coupon…

A: a. As the quote of the bond is 93, hence the investor has to pay 93% of the face value of bond i.e.…

Q: A job pays a salary of $24,000 the first year. During the next 19 years, the salary increases by 5%…

A: Given The salary in the first year for the job is $24,000. Then, there is an increase of 5% every…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.