Question 11 of 14 Maroon Inc. currently owes a balance of $110,776.60 on a $52,000.00 loan. If the loan has an interest rate of compounded monthly. How long has the loan been outstanding? years Round to two decimal places

Q: Question 23 A debt is repaid by payments of 9,000 php made at the end of every quarter for 2.5 years…

A: NOTE: Refresh your page if you can't see any equations. . here payment frequency is quarterly and…

Q: QUESTION 3 Ann got a 30 year Fully Amortizing FRM for $1,000,000 at an annual interest rate of 4.25%…

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Q: Question 3 of 4 What single payment today would replace a payment of $2,550 in 2 years and a payment…

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Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

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Q: Question 14 If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will…

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Q: A certain loan program offers an interest rate of 4.5%, compounded continuously. Assuming no…

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Q: Question 8 Copy of Find the amount at the end of 5 years and 7 months if P4,000 is invested at 59%…

A: Compound  Intrest formula A= P[1+(r/n)]in P-principal amount r- rate of intrest i-no of years n- no…

Q: Question 1 of 13 Courtney took a loan of $8,400 from her parents to purchase equipment for her hair…

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Q: Question 4: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to…

A: Let us consider the principal amount be P.  The amount will be A after t years at the rate of r% for…

Q: QUESTION THREE a) BONDO Enterprise's rent will expire in four years. The property owner only accepts…

A: (a) Given:Current rent, A=GHc 50Rate of interest, r=10%Number of times interest applied per time…

Q: QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest,…

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Q: Question 5 You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off…

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Q: Question 7 You deposit $6000 in an account earning 3% interest compounded monthly. How much will you…

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Q: QUESTION 2 Mei has taken out a $95,000 mortgage that has an interest rate of 4.7%. If the loan is…

A: Given:Loan amount = $95,000 , Time = 15 years , Annual interest rate = 4.7%

Q: If $4000 is borrowed at a rate of 6.75% interest per year, compounded quarterly, find the amount due…

A: Topic-compound interest

Q: Question 9 of 9 A company currently owes $25,000 to a bank for a loan it took 3 years and 5 months…

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Q: Question 4 A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer…

A: Here we solve the given problem of emi.

Q: Question 1 of 9 An investment of $4,000 in a TFSA (Tax Free Savings Account) accumulated to $4,210…

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Q: Question #3 Determine how much is in the Account, if $500 is invested into a bank account for 1…

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Q: Question 1: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded…

A: Initial amount deposited is $4680 Rate of interest is 6.5% compounded quarterly number of years =7…

Q: Question 2 Upon their retirement in a meeting with their advisor, mr and mrs Moraba determined the…

A: P0 = d(1-(1+r)-n) / r

Q: Chapter 9.4, Question 8 What single payment today would replace a payment of $5000 in one year and…

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Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

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Q: QUESTION 1 If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the…

A: Principal amount $7000 Rate = 8% simple interest  Time = 6 years

Q: QUESTION 3 Three years ago, Pete took out a loan of $55,000. The loan was taken out for 10 years…

A: Three years ago, Pete took a loan of $55,000. The loan was taken out for 10 years with an interest…

Q: Question 18. Find the balance on an account if you invest $ 785 at 5.3% for 13 years compounded…

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Q: 3. In how many months will money become three times itself at 9% compounded semiannually? Solution:…

A: Solution :  Let  P be the principal amount  Interest rate r=9 %=9100=0.09  Compounded semiannually…

Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 5 years…

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Q: Question 3 of 12 The interest rate on a GIC is 4.25% compounded quarterly. What is the purchase…

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Q: QUESTION 5 Alex deposits $1,200 in a savings account that pays %1.5 interest compounded monthly. How…

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Q: Question 6 You owe $19,000 on student loans at an interest rate of 5.8% compounded monthly. You want…

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Q: Question 13 Mr. Eugenio bought a house anddot at a cash value of 12,000,000.00 php. He made a down…

A: Solution...

Q: • Question 8 You deposit $500 each month into an account earning 2% interest compounded monthly. You…

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Q: Question 1 of 10 Calculate the amount of interest earned on a $12,500 investment made for 2 years at…

A: Given  Amount invested P = $12500 Rate of interest r = 3% Time = 2years

Q: QUESTION 8 Dedrick puts $250 into an account every month that pays 5.25% interest, compounded…

A: Solve for A

Q: Question 13 of 14 If Derek invested $24,000.00 in an RRSP on his 21st birthday, how long would it…

A: Derek invested $24000 inan RRSP on his 21st birthday. We need to find the number of years it take…

Q: Question 3 At what nominal interest rate compounded quarterly will a certain amount of money be…

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Q: Question 2 <. You deposit $4000 each year Into an account earning 7% Interest compounded annually.…

A: I have used the compound interest formula to the solve the problem

Q: Question 23 A father deposits 16,000 php in a trust fund for his son's education every six months…

A: Given:         Principal P=16,000 php        Rate of interest =12%=0.12            compounded…

Q: Annuity: Problem 3  How long will it take for monthly deposits of P500.00 to accumulate to be…

A: topic - time period  P/Y =12  C/Y =1 PMT = -500 FV =150000 I/Y =8.44 PV =0

Q: Question 20. Find the balance on an account if you invest $ 1,558 at 3.7% for 13 years using simple…

A: You invest $ 1,558 at 3.7% for 13 years. So let principal = P = $ 1,558. Rate of interest = R =…

Q: Question 25 of 34 Step 1 of 1 Julieta and Eric are purchasing a home. They wish to save money for 12…

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Q: If $2000 is deposited at the end of each half year in an account that earns 6.4% compounded…

A: After 34 half years

Q: Question 2 What is the present equivalent of 18,000S to be received by Mlkw in 15 years when…

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Q: Question 1 of 8 An investor purchased a 97-day, Government of Canada T-bill that had a simple…

A: We have to find the price value

Q: Question 7 You deposit $2000 each year into an account earning 3% interest compounded annually. How…

A: Here we use the compound interest formulae.

Q: QUESTION 10 What is the total interest paid on a 30-year mortgage for $376,000 if it is charged 9%…

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Q: 11 An amount of $18,000 is borrowed for 12 years at 8% interest, compounded annually. If the loan is…

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Q: A young man is the beneficiary of a trust fund established for him 21 yr ago at his birth. If the…

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