Suppose your credit card Annual Prime Rate (APR) is 6%. What is the monthly interest rate (in decimal

Q: The simple interest charged on a 6-month loan of $99,000 is $819. Find the simple interest rate.…

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Q: You decided to purchase P50 000 LED TV through your credit card. After a month you discovered from…

A: According to our guidelines we are supposed to do only one question. Kindly repost ohter question as…

Q: What is the annual percentage yield of 14% compounded quarterly? APY= _________%

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Q: Suppose that on November 1, 2021you have balance of $12,000 on your credit card, which you want to…

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Q: Hui acquired a $9,000.00, 91-day, Province of Alberta T-bill on its date of issue for a price of…

A: We have to find the simple interest rate.

Q: Find the simple interest. Principal           Rate           Time in Months $10000              4%…

A: Given,            Principal           Rate           Time in Months             $10000…

Q: What is the rate of interest ( as a % ) on a loan of $7000, for 236 days, if the amount of interest…

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Q: What monthly interest rate equals a quarterly interest rate of 15%? Give your answer as a decimal…

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Q: What daily interest rate equals a quarterly interest rate of 8%? Give your answer as a decimal…

A: In this case we have to find out the interest rate using equivalence relationship so I'm providing…

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: he Treasury Department auctioned $15 billion in 3-month bills in denominations of $10,000 at a…

A: formula for effective rate =r1-rt where t=3 month12 month=14

Q: An investment will pay 5000 dollars at the beginning of 2001, and 3800 dollars at the beginning of…

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Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

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Q: What monthly interest rate equals a quarterly interest rate of 4%? Give your answer as a decimal…

A: First we have to know that number of times intrest applied per year in monthly and quarterly intrest…

Q: A credit card has an APR of 32.47%, and its billing cycle is 30 days long. What is the credit card's…

A: Given: APR or annual percentage rate = 32.47% billing cycle: 30 days Annual percentage rate means…

Q: Determine the exact simple interest on P150 000 for the period June 25, 2005 to September 2, 2006,…

A: When the interest is simple, the formula that to be used is I=Prt, where I is the simple interest, P…

Q: 4) If an account pays interest compounded monthly, and the APR is 5.2%, what is the APY? (write the…

A: We have given APR=5.2% =0.052=rcompounded monthly…

Q: What is the dividend yield on Stock A that sells at $15/share, when Company A pays a quarterly…

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Q: Calculate the amount of simple interest earned. $1,000 at 6% for 6 years

A: Ans#-  Given , p = $1000                         Rate r = 6%                         Time = 6 years…

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: A loan company offers money at 1.5% per month compounded monthly. What is the nominal interest rate?…

A: According to question given that Loan company offer 1.5% per month compounded monthlyNominal…

Q: Ann and Tom want to establish a fund for their Grandson's education. What lump sum must they deposit…

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Q: Suppose that a savings account pays an effective rate of interest of 11 percent. What is the…

A: Interest rate =11%

Q: The simple interest charged on a 9-month loan of $11,000 is $681. Find the simple interest rate.…

A: We are asked to find the interest rate. We are given I = $681, P = $11,000, t = 9 months, and r = ?.…

Q: Kent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of $1,000 on February…

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Q: Find the present value of 9,000 at a simple interest rate of 7% in 18 years?

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Q: Chuong Ngo borrows $2400 from a bank that advertises a 6% simple interest rate and repays the loan…

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Q: Suppose you pay back $655 on a $625 loan. You had the loan for 75 days. What was your simple annual…

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Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

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Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

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Q: mortgage, what is the total amount of interest? *

A: Here total interest paid = total payments-borrowed amount

Q: What is the present value of 1700 dollars to be paid in 5 years, if the effective rate of interest…

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Q: Ali set up a savings plan with TD Canada Trust whereby he deposits $250 at the end of each quarter…

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Q: What is the yield on a corporate bond with a $1000 face value purchased at a discount price of $875,…

A: Solution:      Given,        Face value of corporate bond=$1000        After discount current price…

Q: assume the $11,700 treasury bill, 6% for 12 weeks. calculate the effective rate of interest. (use…

A: Given that, the $11700 treasury bill, 6% for 12 weeks.

Q: Dividends in arrears means that _____?

A: Dividend in arrears account reflected in balance sheet means that dividend has not been paid in the…

Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Given query is to find the amount after 5 years.

Q: A. A$10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total…

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

Q: Suppose you buy a home and finance $170,000 at $1247.40 per month for 30 years. a) What is the…

A: Given  Home price  is P= $170,000 Monthly charge is PMT = $1247.40 The number of years is t= 30…

Q: Suppose that on November 1, 2021you have balance of $12,000 on your credit card, which you want to…

A: Given principle amount =12000$ ApR=15.99%

Q: Chunong ngo borrows 2400 from a bank that advertises a 7% simple interest rate and repays the loan…

A: Let the given values as Principle, P=2400 Number of repayments = 4 Simple interest rate, r=7% Use…

Q: 398 wit

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is…

Q: How much will Lee receive at the end of 4 years?

A: Principle, P = $18,400 Annual interest rate, r = 8% = 0.08 No. of times interest compounded per…

Q: At auction on August 18, 2005, 3-month T-bills were sold at a discount of 3.470%. What was the…

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Q: (a) What is the rebate fraction of a 36 month loan paid off after the 15th payment ? (b) what is…

A: (a) Consider that a loan for 36-month is paid off after the 15th-payment. Compute the remaining…

Q: Assume the $12,480 Treasury bill, 5% for 15 weeks. Calculate the effective rate of interest. (Use…

A: Solution:-

Q: What equivalent interest rate that corresponds a discount rate of 9.98% for 700 days?

A: Given: Let us determine the equivalent interest rate for a 9.98% discount rate over 700 days

Q: (a) What is the rebate fraction of a 36 month loan paid off after the 13th payment? (b) What is the…

A: Use the Formula of rebate fraction to solve this problem.

Q: Last year, Reuben deposited $2000 into an account that paid 2% interest per year and $3000 into an…

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