Ken made $14,500 in five months at his new job. How much can he expect to make in two years if his pay remains constant? (Hint: determine how many months are in two years)

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A: Given,           The manager of a large apartment complex knows from experience that 120 units will…

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Q: The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.95%.…

A: The Mendez family is considering a mortgage loan of $349,000 at an annual interest rate of 6.95%.a…

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A: The cost of living increase by 6% every year.  First years spending = $23210 Hence, 17 years from…

Q: 4. Sam invested $5000 in a high interest savings account and earns 3.5% simple interest per year.…

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Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

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A: We can say it true or false with reason as below.

Q: A man wishes to save money by setting aside 1 cent the first day, 2 cents the second day, 4 cents…

A: Given: A man wishes to save money by setting aside 1 cent on first day, 2 cents on second day, 4…

Q: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…

A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…

Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: Amy invested $500 per month in a 401k that earned 6% annual return for 40 years. Hank invested…

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Q: A couple does not wish to spend more than $70 for dinner at a restaurant. If a sales tax of 6% is…

A: Given:   Tax=6%Tip=15%

Q: A bank loaned out $14.000, part of it at the rate of 7% per year and the rest at 17% per year. If…

A: Let the sum given at 7% of interest be x Therefore the sum given at 17% of interest = $14000-x The…

Q: You inherit $28,000 from a very wealthy grandparent, with the stipulation that for the first year,…

A: Let x=amount invested at 4%       y=amount invested at 10%

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Q: A bank loaned out $23,500, part of it at the rate of 4% annual interest, and the rest at 13% annual…

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Q: A bank loaned out $15,500, part of it at the rate of 9% annual interest, and the rest at 3% annual…

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Q: Would Bank of America or Verizon pay the most total interest on a $4,000 bond at maturity? How much…

A: Bank of america time to maturity n = 10 years P = 4000 r = 4% = 0.04

Q: Pedro d. Magulabtang wants to have an amount of ₱750,000 at the end of 5 years and 9 months for now.…

A: Future value of ordinary annuity FV=R1+in-1i where R is regular deposit i is periodic interest rate…

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…

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

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Q: Istvan earns an annual salary of $61,000 as an executive with a provincial utility. He is paid…

A: Solution :-

Q: A college student borrowed $44,000 to pay for tuition, room, and board. Some of the money was…

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Q: The Hoskins family spends $600 per month on groceries for their family. If this is 12% of their…

A: Given problem is  : The Hoskins family spends $600 per month on groceries for their family. If…

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Q: Valeria bought a motorcycle for which she will pay $ 163.75 monthly for six years, with a financing…

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Q: Employees in 2012 paid 4.2% of their gross wages towards social security (FICA tax), while employers…

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Q: Miguel deposits ₱135,500 in a savings account that pay 13% interest converted semi-annually. If he…

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Q: ok out $12,000 in student loans to pay for his schooling. If he must pay the loan back over 10 years…

A: Simple interest: Simple interest is a method for calculating the amount of interest charged on a sum…

Q: . Isaiah's employer has a pension plan that pays 2.2% of the average of his highest three-year…

A: Given: three year salaries is 77500, 81000 and 81500 and worked for 15 years .

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: A state lotto has a prize that pays $1,400 each week for 15 years. Find the total value of the…

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Q: If you earn $2950 per month and you expect your earnings to increase by 3.6% per year, how much do…

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Q: At the beginning of the year Anna invested a portion of her $90, 000 revenue from the sale of her…

A: The amount invested for 8% annual simple interest be x. The interest would be, I=r·P=0.08x. The…

Q: $10,000, should the investor purchase t

A: Rezoning Approved Rezoning Not Approved Purchase 590 -160 Do not Purchase 0 0   Let H =…

Q: tom has received a new job offer he is told he will be salary will be 65,000 per , he is also told…

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Q: When Sara Whitehorse changed jobs, she rolled over the $43,650 in her retirement account into two…

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Q: VongVong lent 6,000 pesos to Lenni for 2 years and 1500 pesos to Hisko for 4 years and received…

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Q: An account executive deposited $54,000 into two simple interest accounts. On the tax-free account…

A: Let's find.

Q: Sam Loans ₱18,500 at 9 5/6% simple interest, how long will take him to get ₱ 6, 780 interest?

A: Given that  Sam Loans ₱18,500 at 9 5/6% simple interest, how long will take him to get ₱ 6, 780…