Karl Yates needs ​$7000 to pay for the remodeling work on his house. A contractor agrees to do the work in 2 months. What is the present value of ​$7,000 at 5.9% simple interest in order to accumulate the ​$7,000 in 2 ​months?   The present value is   ​(Round to the nearest cent as​ needed.

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A: Return on investment = 6% = 0.06 Initial investment = $349,000 Annual net income = Annual income -…

Q: A real estate developer bought land for $170 000.00 down and monthly payments of $8 450.00 for 5…

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Q: A house and lot are worth ₱4.3 million in cash. A buyer pays a 40% down payment and agrees to pay…

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A: As your question contains multiple subparts, we would be answering first three only. To get the…

Q: The price of a new car is $32,000. Assume that an individual makes a down payment of 25% toward the…

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Q: A buyer is considering purchasing a 35-acre parcel in Apache Junction, Arizona for economic…

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Q: 1. Samos Excavating is considering purchasing some new equipment for the company. Due to the expense…

A: Capital Budgeting: Capital budgeting decisions are the most important decision in corporate…

Q: The price of a new car is $36,000. Assume that an individual makes a down payment of 25% toward the…

A: Ordinary annuity are the PMTs which are made at the end of the period.

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Q: 1.A person buys a piece of lot P300,000 downpayment and 8 deferred quarterly payments of P8,000…

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Q: A man will buy a house and lot worth P300,000 in a subdivision in Metro Manila. His carrying charges…

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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