Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…
A: Given problem Given that A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…
Q: You deposit $5000 each year into an account earning 7% annual interest compounded annually. How much…
A: Use formula to calculate
Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days
A:
Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…
A:
Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…
A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…
Q: A Investment of P20,000 was made with a rate of 12% annually. How many years will he pay an amount…
A: Since you have posted multiple questions and we can answer one question. So, answered first…
Q: Mike deposits $5,000 in a 3-year CD account that yields 1.5% interest, compounded weekly. What is…
A: A=P1+rnnt
Q: 700 dollars is placed in an account with an annual interest rate of 8.25%. How much vill be in the…
A: Follow the procedure given below.
Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly
A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…
Q: You borrow 1000 from your brother and agree to pay back 1060 in 20 months. What simple interest rate…
A: Formula used:
Q: You deposit $1000, and it grows to $1,500 in 5 years. What is your annual return?
A:
Q: A student takes out a college loan of $7000 at an annual percentage rate of 5%, compounded monthly.…
A: Given data: Principal, P =$7000 Rate, r=5% Since the interest is compounded monthly, n=12 Amount,…
Q: Find the amount a college student owes at the end of 3 years if $6200 is loaned to her at a rate of…
A: Given problem:- Find the amount a college student owes at the end of 3 years if $6200 is loaned to…
Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…
A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…
Q: Sam deposits $600 at the end of every 6 months in an account that pays 8%, compounded semiannually.…
A:
Q: April borrows $18,000 at an interest rate of 5% to purchase a new automobile. At what rate (in…
A: It is given that Principal, P = $18000 R = 5 % = 0.05 time, t = 5years We have to find the…
Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…
A:
Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…
A:
Q: Given: ₱50,000 at 11% compounded quarterly for 5 years. What is the interest rate per conversion…
A: Given that: Principal amount = ₱50,000 Rate of interest = 11% = 0.11 Number of years he amount is…
Q: Parents wish to have $80,000 available for a child’s education. If the child is now 5 years old, how…
A:
Q: f you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?
A: In this question, the concept of compounded interest is applied. Compounded Interest Compound…
Q: An individual borrowed $78,000 at an APR of 3%, which will be paid off with monthly payments of…
A:
Q: If you want to have a million dollars 31 years from today, how much should you invest in your…
A: The formula for compound interest : A = P(1+r/n )nt Where A = Total amount , P = initial…
Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…
A:
Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…
A: This question related to simple interest and solution is given below.
Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…
A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…
Q: Find the current yield (as a %) of a bond whose coupon rate is listed as 6.875 and currently selling…
A:
Q: Find the interest. Round to the nearest cent. $1180 at 7.6% for 14 months
A: It is given that, $1180 at 7.6% for 14 months.
Q: If 49900 dollars is invested at an interest rate of 9 percent per year, find the value of the…
A: Formula for Compound Interest A=P1+rnnt where A= Accumulated amount P= Principal r= Rate of interest…
Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…
A: The future value of the deposit is $6000. The period is 10 years and the monthly compounded interest…
Q: You take out a $12,000 car loan that has a 3.5% annual simple interest rate. How many years will it…
A: Formula: Simple interest SI=PTR100 Where SI- Simple interest…
Q: A loan was repaid over seven years by end-of-month payments of $450. If interest was 12% compounded…
A: By using the formulas of future value we solve the given problem as follows :
Q: If you borrow 1500 dollars from a lending agent for 13 weeks and in the end you have to pay back…
A: Formula r = (1/t)(A/P - 1) r = simple interest rate = ? P = principal amount =1500 A = P+ I = 1650…
Q: An investment of $9,550 is made in an account compounded quarterly at 8%. How much will the…
A: Topic = Algebra
Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6%, t = 1 year
A: Consider the given values, P = $5000, r = 6%, t = 1 year The simple interest formula is defined as,…
Q: A collector mae a $10,000 down payment for a classic car and agreed to make 18 additional quarterly…
A:
Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…
A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time
Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…
A: Here we will use the recurring deposit formula for calculating the compound interest. Sum of the…
Q: As the contestant with the longest winning streak in the history of Jeopardy, Ken Jennings won more…
A: Formula used to solve the given problem is given below: An=P×1-1+r-nr Where; P= periodic payment…
Q: Calculate the simple interest earned. Round to the nearest cent. P = $8000, r = 9%, t = 1 year
A:
Q: unt that
A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…
Q: If 21900 dollars is invested at an interest rate of 9 percent per year, find the value of the…
A:
Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months
A:
Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…
A:
Q: If the interest rate on a $5,000 loan is 10%, what is the total amount due (principal and compound…
A: Principal = $5000 Rate = 10% = 0.1 Final amount to be paid = 5000 × ( 1 + (10/100) )3…
Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…
A:
Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 8%, t = 1 year
A:
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