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RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN)
Solve the following problem step by step, include the formulas you use and the development please
In what time did $ 2,300 become $ 7,900 at 34% simple annual interest?
Step by step
Solved in 3 steps
- RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please Mr. Martínez obtains a loan of $ 2,000 and pays after 8 months $ 2940, what annual interest rate did they charge him?RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please How much should a person who owes $ 17,500 pay in interest if they are charged 17% interest four and a half months later?RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please Four months after obtaining a loan, Luis must pay exactly $ 11,200, this payment already includes interest at 35%, how much he borrowed.
- SOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please If a person deposits today $ 50,000 in a fixed term with interest of 5.3% quarterly interest, for 6 months and when the term arrives, he decides to reinvest the initial deposit plus the interest generated. How long will it have 9 months after the first investment?RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please Maru wants to buy a house in two years. Suppose that the down payment that you would have to pay at those dates is $ 350,000. If you want to have this amount in two years, what amount should you deposit today at a fixed income of 4.5% semiannual?Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 2. David Arredondo was paying for a car in monthly payments of $ 2,000 for ten years. He had already made the payments for the first two years; However, if you were involved in an accident and had to pay in advance 10 monthly payments, what will be the value of a single payment, corresponding to these 10 months of advance payments, if the interest rate is 15% convertible monthly ?
- RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please A person contracted a debt 8 months ago for 34,650 with 40% interest and that expires in two months. In addition, you must pay another 15,000 contracted two months ago with 35% interest and that expires in 4 months. How much are your commitments today?Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 1. A company has in its portfolio of assets 10 promissory notes of $ 200 each, with monthly maturities at the end of the month. The company needs liquidity and plans to sell them to a bank, which has accepted the transaction with an interest rate of 24% per year (2% per month). What amount will the company receive if the operation is carried out? In other words, what is the present value of these notes?Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 3. A person has available the amount of $ 1,250,000 he wants to use to ensure a fixed monthly income for the next three years. For this purpose, deposit that amount in a revolving bank account every 30 days and a monthly interest rate of 0.8% (9.6% per year). Assuming the interest rate was held constant, what amount should you withdraw each month so that by the end of the three years the amount initially deposited would have been completely used up?
- RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please What was the maturity date of a nominal note of $ 170,000 which includes 34% annual interest, which was signed on November 3, 2018 and which covers the $ 145,600 loan.SOLVE STEP BY STEP IN DIGITAL FORMAT Instructions. Solve the following problems using the Simple Interest formula.Simple interest.Formula to calculate Simple InterestI = Cni1. Calculate the Commercial Simple Interest of 2,700 for 5 months at 8%.2. Calculate the Commercial Simple Interest of 7,500 for 63 days at 9%.PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS 8.-A property worth $300,000.00 is sold with a down payment of $80,000.00 and the balance in monthly payments over 10 years at an interest rate of 7% compounded monthly. Find the total interest. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.