Question #1 : Suppose you own a house worth $200,000. You presently owe $125,000 on this house, and are considering taking out a home equity loan. The maximum loan-to-value for the home equity loan is 90%. What is the most you could borrow?

Q: In order to establish a sinking fund of $125,000, how much will have to be invested at the end of…

A: Solution...

Q: What is the equivalent annual cost in years 1 through 10 of a contract that has a first cost of…

A: Consider the equation

Q: Question 14 Esther pays $355 per month for 6 years for a car She made a down payment of $2.500 If…

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Q: 13. If Frank invests $11,400 at 3.7% interest compounded quarterly, how much will his investment be…

A: Given: Frank invests $11,400 at 3.7% interest compounded quarterly. To find: Investment's worth in 9…

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: In problems involving interest, if the payment period of theinterest is quarterly, then interest is…

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Q: Can you give me the formula 4 interest on an investment

A: To find a formula which gives relation between investment and interest.

Q: How much money must be invested now at 9% per year, compounded semiannually, to fund an annuity of…

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Q: A family wants to have a $170,000 college fund for their children at the end of 17 years. What…

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Q: An investment fund pays 5% per year, compounded semi-annually, on all money invested. How much must…

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Q: If u make an investment of $5000 and the investment earns an annual interest rate of 2.1%, how much…

A: The simple interest SI on a sum of P at R rate of interest for T years is expressed as SI=P×R×T100…

Q: Question 1: Calculate the equal semiannually (6 months) payments for a loan of 117,000Ł which will…

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Q: QUESTION 10 If you have $51,000 in student loans at an interest rate of 3%, compounded monthly, what…

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Q: Question 5 1 pts A 6 percent corporate coupon bond is callable in five years for a call premium of…

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Q: Problem 4: What end-of-month deposits for the first six months should Joshua have if he is planning…

A: Given that, The equal amount Joshua is planning to withdraw for the tenth, eleventh and twelfth…

Q: A $50,000 retirement pension is to be invested into two accounts: a money market fund that pays 8.5%…

A: An amount of $50,000 is invested in two accounts that pays 8.5% and 10.5%. Yearly interest is $4550.…

Q: Problem 19. In order to pay for tuition and books, a college student borrow $15000 for 2 years and 6…

A: Given: To find how much interest must student pay and the future value loan as follows, t = 2 years…

Q: A small construction company has $135,000 set aside in a capital improvement fund to purchase new…

A: $24,000 is invested at 24% per year, interest gained in one year =$24,000×0.24=$5,760 $38,000 is…

Q: (a) If you invest $5,000 in an account that earns an APR of 3% with quarterly compounding, what will…

A: P = 5000 APR = 3% t = 10 year

Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: If the principal amount borrowed is $100 and the interest for 10 years is $80, the total amount owed…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: Question 13 Your Friend buys $17,000 car. You friend is financing the purchase with a loan at 3.6%…

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Q: For a certain multi-state lottery the prize was $21,600,000 that was paid out over 30 years with…

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Q: Suppose that you have children young, pay for their college expenses, and finally start saving for…

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Q: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

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Q: 18. The APR of Bessie's savings account is 6%, and interest is compounded monthly. If the principal…

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Q: QUESTION 6 What is your taxable income if your effective tax rate is 16% and your tax obligation is…

A: Given effective tax rate is 16% and tax obligation is $11,200

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

Q: If you owe $2000 on a credit card with 18% annual interest compounded monthly, how i) much money…

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Q: 1. What amount would Vanessa Mae receive if she invests worth 250,000 pesos for 5 years and 9 months…

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Q: A family wants to have a $180,000 college fund for their children at the end of 18 years. What…

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Q: Problem 8.8 An investor would like to have $10,000 at the end of 5 years. The annual simple rate of…

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Q: Suppose you are offered a job with a relatively low starting salary but with a $3000 raise for each…

A: Given  $3000 raise for each of the next 9 years

Q: Suppose you want to borrow $20,000 for a new car. You can borrow at 6% per year, compounded every…

A: P = monthly payment PV = loan amount r = rate of interest n = number of periods

Q: A recent college graduate moves back in with their parents and invests their entire first-year…

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Q: Suppose a man retires at age 65, and in addition to Social Security, he needs $2000 per month in…

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Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

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Q: . An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be…

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Q: (d) If found a bank that paid 6% interest compounded annually rather you than 5%, how much (in $)…

A: We will use compound interest formula and solve this.

Q: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…

A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…

Q: Question 2 A payment by a corporation to its shareholders is called a: par value. coupon. dividend.…

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Q: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

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Q: If an investment company pays 6% compounded semiannually, how much should you deposit now to have…

A: Compound interest formula:

Q: Question 8 How much interest would you pay in 30 days on a credit card balance of $1,200 with an…

A: According to the guidelines issued by the company We are supposed to answer only one question.…

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

Q: In how many years will ₱15,000 double itself at the rate of 10% simple interest?

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Q: A UK lottery prize pays £10000 at the end of the first year, £11000 at the end of the second year,…

A: Consider the provided question, First we need to find present value of such lottery discounted with…