Q: A $8,200 loan, taken now, with a simple interest rate of 5% per year, will require a total payment…
A: Explanation is given below..
Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate?
A: We find the simple interest rate when maturity value of a 3-month loan of $4000 is $4085.
Q: What is the purchase price of a 33-week T-bill with a maturity value of $1072 that earns an annual…
A: Given that Maturity value is 1072 Interest rate is 8.5% To find the purchase price
Q: What is the maturity value on a 7-year loan for $6,742 if the annual simple interest rate is 3.4%?…
A: Consider the given information. Here, PV=$6,742, n = 7 and r = 3.4%=0.034.
Q: The total amount paid on a 5 year loan was $16,000. If the interest rate was 7% and compounded…
A:
Q: If Pat pays $15,334.65 for a $25,000 face-value, zero-coupon bond that matures in 8 years, what is…
A: Given- F.V=$15,334.65 P.V=$25,000 n = 1 year Where-…
Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…
A:
Q: A bond with a face value of $4000 and a 3.8% coupon has a 5-year maturity. Find the annual interest…
A: Given: Face value (P) = $ 4000 Interest rate (r) = 3.8%
Q: The maturity value of $3600 at 5% for 9 months is.
A: we know , the maturity value , V = P( 1+ R)^T V – Maturity Value P – Principal Invested R – Rate…
Q: What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a…
A:
Q: Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with…
A: Given, Total interest is $2859. Total time of loan is 33 months, loan is paid in full with 11 months…
Q: Assume that you make a quarterly payment of $750 into an annuity paying 9% interest compound…
A:
Q: What Is the monthly payment for a $14,000 loan for 6 years with an annual interest rate of 3.8%?
A:
Q: Consider a 30-year fixed-rate home loan of $419,500 with an interest rate of 3.625%. What is the…
A: The formula to calculate the EMI that is the equal monthly installment is: Here, P is the loan…
Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 5 months. what is the maturity value…
A: Here is the Answer and Explanation
Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…
A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt
Q: If their maturity values were the same, how many months was Joanna's loan for? Round your answer to…
A: From the given, it is observed that the Fred had borrowed an amount of $5,540 for 20 months at the…
Q: Consider a 30-year fixed-rate home loan of $408,500 with an interest rate of 5.125%. What is the…
A:
Q: what is the simple interest on $15,000 for 3 years at a rate of 4% per year
A:
Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?
A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…
Q: You want to build a $100,000 college fund in 18 years by making regular, end-of-month deposits.…
A: A = $ 100,000 Y = 18 APR = 3% n = 12
Q: An initial investment of $10,900 was deposited into a term deposit on July 11th. If the interest…
A: Find the maturity value
Q: If you sign a discount note for $9,500 at a bank discount rate of 7% for 3 months, what is the…
A: Given information Principal P=$9,500 Rate of interest r=7% ⇒r=7100=0.07 Time t=3 months Hence, t=312…
Q: What is the purchase price of a 6-month T-bill with a maturity value of $2000 that earns an annual…
A: Maturity value of T-bill=$2000 Terms=6 months=180 days Interest rate=3.60% Assume number of days in…
Q: 2. Estimate the monthly payments of a credit card loan of $3,000 at a 24% yearly interest rate…
A: P=$3000rate=24%=0.24 (yearly)t=5 yearsn=12 (number of times that interest is compounded in a period)
Q: A bond with a face value of $6000 and a 4.4% coupon has a 5 year maturity. Find the annual interest…
A: image is attached
Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…
A:
Q: What is the purchase price of a 50-day T-bill with a maturity value of $2,103 that earns an…
A: topic - percentage
Q: If you pay $8,400 for a 20-year zero coupon bond with a face value of $40,000, what is your annual…
A:
Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…
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Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?
A:
Q: What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the monthly…
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Q: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years
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Q: What is the maturity value of a $12,000 loan for 18 months at 7.2% compunded quarterly? How much…
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Q: Mr. Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…
A: With the help of compound interest formula we can solve this problem easily- The formula for…
Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…
A:
Q: If you sign a discount note for $5,500 at a bank discount rate of 9% for 9 months, what is the…
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Q: What is the maturity date of a loan for $7,000 at 15% exact interest taken out on June 8? The amount…
A: Let the maturity time is t yearsHence, Interest:- principal×rate×time100 =…
Q: Find the total amount of money (maturity value) that the borrower will pay back on a loan of $1,400…
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Q: Find the maturity value and the amount of simple interest earned. $5118 at 4.46% for 6 months
A:
Q: Find the maturity value and the amount of simple interest earned. Round to the nearest cent. 2)…
A: Recall the following fact.
Q: Complete the table. Principal rate time interest $4,000 6% 3 yr $ Account 1 2 yr 2$ Account 2…
A:
Q: What annual interest rate is earned by a 11-week T-bill with a maturity value of $1,500 that sells…
A: Future value equation is F=P(1+i)n, where F stands for future value of a product. P stands for…
Q: If your monthly payments are $124, how much will you have in your retirement fund after 40 years? $…
A:
Q: •What is the present value of receiving a lump sum of $10,000 in year ten?
A: Note : according to our guidelines we can answer only first question
Q: You take out a 65-day single-payment loan for $609 with an interest rate of 21%. What is the amount…
A:
Q: Consider a 30-year fixed-rate home loan of $415,500 with an interest rate of 3.375%. What is the…
A: Given that Fixed rate P=$415500 Rate of interest R=3.375% Time T=30 years let total amount after 30…
Q: What is the purchase price of a 50-day T-bill with a maturity value of $1,439 that earns an annual…
A:
Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate (%)? (1…
A: We know that Simple Interest = ( P × r × t ) ÷ 100 where P = Principal value…
Q: How much is the maturity value if 14,500 is placed in an account earning 6.25% simple interest for…
A:
The maturity value of $22500 at 10% for 9 months is?
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