Joel takes out a loan from his local bank at a rate of 5%. He invests 75% of that loan into common shares of ABC co (making his the owner of all of that company's shares). The other 25% he uses to make an interest free loan to ABC co. How much of the interest on the loan will be deductible?

Q: 2. Jeff invested some of his P 1,500,000 retirement benefit at 12% and the rest at 15% yield. How…

A: Let the investment at 12% benefit be : X  Let the investment at 15% benefit be : Y Therefore X + Y =…

Q: Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much…

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Q: Michael wants to buy some new exercise equipment for his home gym for ​$156,000 financed at an…

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Q: Peter has P560,000 in his bank account in which he opened exactly 3 years ago. If he did not make…

A:

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: If Ben invests $ 4 000 at 4 % interest per year, how much additional money must he invest at 5 12 %…

A: Given thatBen invests $ 4 000 at 4 % interest per yearlet the amount invested at 512% per year=x…

Q: Kim borrowed $9,000 at  2  3/8% interest compounded daily.  How much will she have to pay back…

A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…

Q: Jamie wants a new smart TV/sound system that cost $1,250. He doesn't have that much in cash to…

A: We need to find payment in interest over 4 years.

Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

A:

Q: A man spends 5/8 of his money on rent, and 5/16 of the remainder on electricity. If the final…

A: I am solving this in step 2

Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: If Ben invests $3000 at 4% interest per year, how much additional money must he invest at 5.5%…

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Q: On an investment of OMR 50,000, Salim receives OMR 65,000 after one year. If Salim invested OMR…

A:

Q: Taylor plans to borrow $4,500 from the bank to purchase a used vehicle. If he borrows the money at…

A:

Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

A:

Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

A:

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: Sanjay borrowed $7000 at a simple interest rate of 4% per year. After a certain number of years he…

A:

Q: An executive invests $24,000, some at 6% and the rest at 4% annual interest. If he receives an…

A: To find: The amount invested in 6% rate of interest and 4% rate of interest. Given: Some of the…

Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: Jay and Sybil are purchasing a home. They wish to save money for five years and purchase a house…

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Q: Kachina Caron invested $1800 in a simple interest account and earned $36 in 3 months, what is the…

A:

Q: Jack invests $1500 at a certain annual intrest rate, and he invests another $3000 at an annual rate…

A: Let us say he invested $1500 at x% annual interest rate. And, thus he invests $3000 at (x+0.5)%…

Q: Margo borrows $1900, agreeing to pay it back with 5% annual interest after 11 months. How much…

A: Given data, Borrowed amount (P) = $1900 Annual Interest (R) = 5% = 0.05 Time (T) = 16 months = 11/12…

Q: Q4: a) How much money would MR. Saad receive after 3 years if he invests Rs.12000 today at 6% simple…

A: Question: 4(a) How much money would MR. Saad receive after 3 years if he invests Rs. 12000 today at…

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

A:

Q: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

A: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

Q: a.) How long will it take for P800 to earn P240, if it is invested at 6.5% simple interest?

A:

Q: A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18%…

A: Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050

Q: Robin invested $1000 in a 12% simple interest savings deposit for 3 years. He also invested an equal…

A: Robin invested $1000 in a 12% simple interest deposit for 3 years. he also invested an equal amount…

Q: Rubbermaid Plastics Corp. invested $10,000,000 in manufacturing equipment for producing small…

A:

Q: Jake borrows $2,500 at an interest rate of 15% a year. If he repays the loan in 2 years, how much…

A: Assuming the simple interest, Interest = PRT/100 Where P= principal R = rate T = time

Q: Susie is paying $531.8 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage = $150,000 Monthly payment of Susie = $531.8Total time of…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A:

Q: If I have $500 in my account after 4 years of investing at 2.5% per year, how much money did I start…

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Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…

A:

Q: A man repays a loan of $3250 by paying $ 20 in the first month and then increases the payment by $15…

A: Let the loan is cleared in n months . Clearly, the amount form an A.P with first term is 20 and the…

Q: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6% per…

A: Given: Zach invested in a term deposit that paid 4% per annum and in a municipal bond that paid 6%…

Q: Sonia received a statement on her Certificate of Deposit showing that her investment had returned…

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Q: How many days did it take Romy to place 120,000 in an investment house that pays 8% simple interest…

A: If p= principal amount R= rate of interest t= time And I is the interest after time t at a r% rate…

Q: Susie is paying $577.02 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: The formula used to calculate the EMI (monthly instalment) for a loan is: EMI = P×r×1+rn1+rn-1 Here:…

Q: Ken wants a $1000 TV/sound system. He can't afford that amount, so he uses a credit card with 20%…

A: Here, P = 1000, r = 0.20 and t = 4. The interest for each month can be calculated as That means, he…

Q: to finance her community college education, Marguerite takes out a stafford loan for $2100. After a…

A:

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: Margo borrows $1100, agreeing to pay it back with 8% annual interest after 14 months. How much…

A: Given data: The given amount borrowed is P=$1100. The given rate of interest is r=8%. The given time…

Q: Johnny borrowed 15,000 from a lending company with annual simple interest rate of 9.5%. If hhe had…

A: The formula for the amount of simple interest after t years is: A=P+Prt100 Here, P is the principal…

Q: Quan had $20,000 to invest. He put part of it in a term deposit paying 4.5% per annum and the…

A: In the question it is asked to calculate different principles that Quan invested at rate 4.5% per…

Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…

A:

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.

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.