The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P= $3000.00, A= $3675.00, t = 3 years | % (Round to the nearest tenth of a percent as needed.)

Q: Find the present amount needed to attain a future amount of F dollars in the given time using an…

A: Let present amount = I interest rate = r = 7%= 0.07  time=t= 2 years  Final amount = F = 3100

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A: We know that FV=PV1+rnnt, where FV is the face value, PV is the present worth, r is the rate of…

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

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Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R,…

A: payment amount=$800monthlyinterest rate=8.5%time, 3 years

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R,…

A: given  p=800 n=12(monthly) t= 4 years r=3%=(3/100)=0.03

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A: Given : Present value is $3690 Rate of interest is 2 ¾% Number of years =9 We need to find the…

Q: $20,000 is invested for 9 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: A borrower had a loan of $20,000.00 at 6% compounded annually, with 12 annual payments. Suppose the…

A: Given information Loan amount P=$20,000 Interest rate r=6% compounded annually ⇒r=6100=0.06 As loan…

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Q: Find the present value of the investment. (Round your answer to the nearest cent.) worth $19,000…

A: We use the following formula to find present value of investment. A=P(1+rt). A is future worth  P is…

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

A: Here we solve the given problem.

Q: A borrower had a loan of $30,000.00 at 6% compounded annually, with 6 annual payments. Suppose the…

A: Given Total amount P=30000Rate r=6%=0.06Annual payment n=6Time t=3 year

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

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Q: A borrower had loan of $5500 at 5.1% compounded semiannually, with 18 semiannual payments. Suppose…

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Q: A borrower had a loan of $50,000.00 at 6% compounded annually, with 7 annual payments. Suppose the…

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Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

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Q: The principalP is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Here we will find out the required value of simple rate of interest.

Q: $10,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

A: Using the formula for simple interest we can find solution for a and add with this simple interest…

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A:

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Given: Principal P=$9000,        Future value A=$9810,                     t=3 years find the rate…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

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Q: Arnie agrees to contribute $2,300 to the road fund at the end of each year for the next 11 years.…

A: First we will find the future value of contribution of Arnie at the end of 11 years: Future value of…

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A: Given  Principal amount = 29000 rate of interest r= 6.5% number of years t=6 To find out loans…

Q: $10,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: It is given that,$10,000 is invested for 9 months at an annual simple interest rate of 2%. we have…

Q: $30,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given  Amount invested = $30000 rate = 3% per annum time = 6 months

Q: Find the ordinary interest on P25, 000 for 200 days at 5 3/8% simple interest. O A. P736.30 B.…

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Q: The price of a new car is $20,000 . Assume that an individual makes a down payment of 25 % toward…

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Q: $20,000 is invested for 6 months at an annual simple interest rate of 2%. (a) How much interest…

A: Given that: Money inveted, P=$20000Time period, t=6 months=12 yearRate of interest, r=2%

Q: Find the future value FV of the given present value. (Round your answer to the nearest cent.)…

A: Introduction: We have assumed that the given rate is a simple interest, as no further information is…

Q: Find the future value of the ordinary annuity. Interest is compounded annually. R=$9000; i=0.06; n=…

A: We have to find future value of the ordinary annuity.

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Using formula A=P(1+rt) then find r.

Q: $15,000 is invested for 15 years with an APR of 4.2% and monthly compounding.

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Q: $10,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

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Q: The principalP is borrowed at a simple interest rate r for a period of time t. Find the loan's…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: calculate the present value .

Q: Find the present value of the investment. (Round your answer to the nearest cent.) worth $13,000…

A: The present value for a future amount of 13,000 on a simple interest of 5.25% for a period of 2.5…

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Solution- Given details  P = $4900.00 A= $5022.50 t= 6 month or 1/2 year  r=?  Here it is given that…

Q: For a loan of $55000 with an annual interest rate of 5% p.a. compounded monthly, and monthly…

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Q: $25,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest will…

A: Given that $25000 is invested for 9 months at an annual simple interest rate of 2%.

Q: Find the future value of an ordinary annuity if payments are made in the amount R and interest is…

A: Given query is to find the future value of the annuity.

Q: If the balance, M, at time t in years, of a bank account that compounds its interest payments…

A: Given equation:

Q: Find the exact interest on P25, 000 for 200 days at 5 3/8% simple interest. A. P740.36 B. P736.30 O…

A: We will find out the required value.

Q: $10,000 is invested for 3 months at an annual simple interest rate of 2% (a) How much interest will…

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Q: Find the total value TV of the given income stream and also find its future value FV (at the end of…

A: The total value formulae is given by; TV = ∫abR(t)dt The future value formulae is given by; FV =…

Q: Find the Present Value (P) and the Future Value (F) of semi-annual payments of P 8,000.00 for 12…

A: To find : The Present value (P)  and the Future value F of semi-annual payments of ₱ 8,000.00  for…

Q: A family needs to take out a 30 year home mortgage loan of $90,000 through a local bank. APR for a…

A: (a) Calculate the monthly payment for the loan EMI. P=90,000r=5.1%=0.05112 monthlyt=30 yearsn=30×12…