The interest rate on a car loan has increased 50% over the last 10 years and is now 9%. VWhat was the rate 10 years ago? (enter a percentage rounded to the nearest whole number)

Q: At age25 ​, someone sets up an IRA​ (individual retirement​ account) with an APR of 5​%. At the end…

A: Given that, APR = 5% = 0.05 Monthly investment (PMT) = $ 45 Time period (t) = 65 - 25 = 40 years We…

Q: Joe Borowski invested $10,500 in a mutual fund one year ago. During the year, his fund increased in…

A: Given data: The amount invested by Joe in a mutual fund is P=$10,500. The interest gained by Joe is…

Q: A fuel company charges monthly finance fees of 1.6 percent for the first $500 due and 0.4 percent…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: A laptop is 1299 but is Discounted to 999 What percent of the original price is Charles pay?

A: We have to find the percent of the original price that Charles pay if laptop price is $1299 but it…

Q: The figure shows estimated medical costs versus what a user actually pays for three health insurance…

A: Observe the graph clearly you can see that at 3000 estimated cost Value for 1000 deduction is around…

Q: a particular car is said to depreciate 15 percent each year. if the car new value is at 20,000, what…

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Q: What is the unemployment rate?

A: Unemployment rate=(No: of unemployed people/ Total population) *100 =(1.5/60)*100 =2.5%

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: A bank deposit paying simple interest grew from an initial amount of $1200 to $1290 in 3 months.…

A: According to question given that initial amount grew $1200To  $1290 in 3 months.

Q: Show how 4.56% is in fact determined for a 22% increase over 5 years and then calculate the average…

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Q: The CPI for 2010 was 218.056. What percent of the base period prices were the consumer prices in…

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Q: A stock that pays an annual dividend of $0.57 per share has a current price of $32.25. Find the…

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Q: a bank deposit paying simple interest grew from an initial sum of 1000.00 to 1075.00 in 9 months.…

A: given data  initial amount  = 1000 simple interest = 75 time                  = 9 months formula for…

Q: What is the simple interest rate on a $1950 investment paying $513.83 interest in 8.5 years

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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: An insurance company pays claims for bills from a physical therapist as follows: They take the…

A: Given  Actual bill is reduced by 10% Percentage paid of the remaining amount =35%

Q: The value of a currency appreciated by 19.70% of its value last month and then depreciated by 19.70%…

A: NOTE: Refresh your page if you can't see any equations. . the value of a currency appreciated by…

Q: The schools principal estimates that the current enrollment of 750 students will increase 5% each…

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Q: What is the simple interest rate on a $2100 investment paying $771.75 interest in 10.5 years?…

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Q: Between 1990 and 2018, the price of an average house in a town increased from $47,000 to $97,000.…

A: Percentage increase=new value - old valueold value×100%   a) Given an average house in a town…

Q: Global Cable paid dividends of $0.28 and $0.16 per share last year.  Given yesterday's closing price…

A: Annual dividends are $0.28 and $0.16 Yesterday's closing price: $11.27 The aim is to determine the…

Q: find the effective rate for a nominal rate of 6% compouded continouslt. write your answer as a…

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Q: At age 25​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=30 r=8%=0.08 n=12 for…

Q: Effective rate of interest

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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: A bank deposit paying simple interest grew from an initial amount of $1400 to $1505 in 3 months.…

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Q: A bond was purchased on January 1, 2016 for $750. If its value increases by 8.2 % every year, how…

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Q: Keisha borrowed $300 from a bank for 5 years and was charged simple interest.The total intrest that…

A: Given that Keisha borrowed $300 from a bank for 5 years  She paid total simple interest $120. To…

Q: You put ​$400per month in an investment plan that pays an APR of 5.5​%.  How much money will you…

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Q: Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of…

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Q: After receiving an inheritance, a newly married couple invested $15,250 for 10 years and received…

A: If P is principal , r is rate of interest and t is time , then simple interest is

Q: if $3500 earned simple interest of $153.13 in 7 months, what was the simple interest rate

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Q: If $1600 earned simple interest of $27.20 in 6 months, what was the simple interest rate? The simple…

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Q: The Paasche price index for 200S, with 2006 as the base year is:

A: Let po and qo denotes the base year price and quantities respectively. Let p1 and q1 denote the…

Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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Q: What interest rate was applied for P16, 400 to earn interest of P3, 600 invested for 650 days using…

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Q: You put ​$350 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years

Q: The finance charge that a student pays on his credit card is 18.4% APR (annual percentage rate).…

A: As per given by the question, there are average balance for the year is $5000 with 18.4%ARP. Now,…

Q: At age 22​, someone sets up an IRA​ (individual retirement​ account) with an APR of 8​%. At the end…

A: Formula used:Future value of an ordinary Annuity:

Q: Mitchell earned $66,000 in 2005. How much would he earn in 2014 if his earnings gre at the rate of…

A: here is the result in 2014,

Q: A man deposit 90,000 in a saving bank for 5 months. If the interest amount to 1,875, find the rate…

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Q: An investment dealer acquired a $5,000, 91 day Province of Alberta treasury bill on its date of…

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Q: If inflation has been running at 4.07% per year and a new car costs $23,700 today, what would it…

A: Given that  Inflation has been running per year=4.07% Cost of a new car=$23700 To find  The cost of…

Q: If inflation has been running at 2.51% per year and a new car costs $36,400 today, what would it…

A: We have to use compound interest series formula. Let 4 years ago the price was x. Therefore…

Q: Tristan Sandino had a bad credit rating and went to a local cash center. He took out a $100 loan…

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Q: Last year the principal's car was worth $28,000. Next year it will be worth $25,270. What is the…

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Q: You receive a raise on your hourly pay from $9.25 to $9.50 per hour. What percent increase in pay…

A: You receive a raise on your hourly pay from $9.25 to $9.50 per hour. What percent increase in pay…

Q: What daily interest rate equals a quarterly interest rate of 17%? Give your answer as a decimal…

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Q: The Blackburn Computer Company has declared an annual dividend of $0.70 per share. The stock is…

A: Consider the provided question, Given, the annual dividend of Computer Company is $0.70 per share.…

Q: What monthly interest rate equals a quarterly interest rate of 2%? Give your answer as a decimal…

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