The purchase value of an office computer is 12570 dollars. Its annual depreciation is 1966 dollars. The value of the computer after 6 years is dollars.

Q: Sean has accepted a job that will initially pay an hourly rate of $6.50. Each month Sean works, his…

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Q: Monthly, Juan's net earnings are 5000, and expenses are 4.500. If Juan saves the difference, how…

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Q: What sum of money earns $312 simple interest if invested for 8 years at 13%?

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Q: A $22,000 car depreciates by $2,750 each year. What is the car worth after 5 years?

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Q: Due to depreciation, the cost of a car decreases by 10.2% every year. How much is the estimated…

A: The solution is given below.

Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: A new car worth $24,000 is depreciating in value by $4,000 per year. After how many years will the…

A: Let 'n' be the numbers of years so that car's values $12,000 Then, 24,000-4,000n=12,000…

Q: Paul puts $300 in a savings account that earns 3% interest annually. How much interest will he earn…

A: Given Paul puts $300 in a savings account that earns 3% interest annually. To find how much interest…

Q: Angel invested a certain amount at 9% simple interest per year. After 5 years, the interest she…

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Q: Ichan bought a car, he puts Php25,000 down payment and make monthly payment of Php12,000. If his car…

A: In your problem, the interest rate is absent. Here we consider as no interest applied. Assume he…

Q: Fred invested $25,000 at 4% simple interest. What will be the total value of the account after five…

A: In this question we have to find the Accumulated value after 5 years investmnet of 25000 now  .…

Q: Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a balance of…

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Q: Tom earned $ 504 when he invested $16,820 for 8 months. His rate of simple interest was:

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Q: $3000 grows to $3606 in 5 years with annual compunding. Find the interest rate?

A: Recall the following fact.

Q: Fernando invested money in a 4-yr CD (certificate of deposit) that returned the equivalent of 3.4%…

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Q: In 5 years, Gloria's bank account earned $2,4000 interest at 5%. How much had she deposited in the…

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Q: A new car worth $27,000 is depreciating in value by $3,000 per year. After how many years will the…

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Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Use the given information and the formula for annual deposit, A=(FV*i)[(1+i)n]-1

Q: The cost of Jorge's apartment is 285.47 per month. If Jorge pays in advance for 2 years of rent, how…

A: Word problems: ratio and proportions

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

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Q: Sean has accepted a job that will initially pay an hourly rate of $9.50. Each month Sean works, his…

A: First month earning = 36 × 9.5  Second month earnings  =  36 × (9.5 + (2 - 1)×0.5 ) Third month…

Q: The purchase value of an office computer is $12,660. Its annual depreciation is $1,960. The value of…

A: Given: The purchase value of an office computer is $12,660 The annual depreciation is $1,960

Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: Francisco borrows $870 from his parents and agrees to pay them back the same amount each month…

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Q: Teresa received $80 for her birthday.  At what interest rate would she have to invest the money to…

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Q: Teresa received $80 for her birthday. At what interest rate would she have to invest the money to…

A: We know that, for a Simple interest SI= P·R·T100where P = Principal,R = Rate of Interest,T = Time…

Q: Margo borrows $500, agreeing to pay it back with 8% annual interest after 211 days. How much…

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Q: A $450 dishwasher depreciates by $75 per year.  After how many years is the dishwasher worth 0$?

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Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

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Q: The purchase value of an office computer is $12,700. Its annual depreciation is $1,945. The value of…

A: Given,            The purchase value of an office computer is $12700 . Its annual depreciation is…

Q: Mon invested Php125, 000.00 in a savings account that pays 7% interest compunded quarterly. If he…

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Q: A recent college graduate accepts a job at Google Inc. The job has a salary of $57,000 and is…

A: Given,           A recent college graduate accepts a job at Google Inc. The job has a salary of…

Q: A new car worth $30,000 is depreciating in value by $3,000 per year. After how many years will the…

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Q: Robert deposits $ 3000 in State Bank of India for 3 year which earn him an interest of 8%.What is…

A: simple interest of amount $3000 for 1 year at 8% rate= 3000x1x8100=$240amount he gets after 1…

Q: A new car worth $25,000 is depreciating in value by $5,000 per year. After how many years will the…

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Q: Robert deposits $ 3000 in State Bank of India for 3 years which earns him an interest of 8%. What is…

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Q: Mark is a race car driver who currently pays $4000 per month for his insurance accident his annual…

A: Given that: Current insurance premium = $4000 per monthIncrease on insurance premium after each…

Q: Melanie deposited $10,000 into an account at 5% compunded quarterly. Two years later, she deposits…

A: When the interest is compounded quarterly,  Amount = P1+R/41004n Where P is principal value , R is…

Q: . How much money will the customer have in the account after 5 years?

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Q: Celine deposited $505 into her savings account. If the interest rate of theaccount is 5% per year,…

A: Initial amount= P= 505  Interest rate= r= 5%= 0.05  Time = t= 4 years Interest= I = ?

Q: Platinum  is valued at $1500 per ounce.  If its value goes up 10% per year for the next 2 years,…

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Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: To pay for a 19,300 motorcycle, Keith made a down payment of 4500 and took out a loan for the rest.…

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Q: Today, Sarah bought a condofor $310,000 a) Assumingthat the condo increase years?

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Q: Monthly Juans net earnings are 38 000 and expenses are $7,000. If Juan saves the ofference how much…

A: Monthly earnings = $8000 Monthly expenses = $7000 ∴ Monthly savings = $8000 - $7000 = $1000

Q: Violet just accepted a job at a new company where she will make an annual salary of $64000. Violet…

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Q: After 2 years, Lauren earned $170 in simple interest from a CD into which she initially deposited…

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Q: In 1980, direct U.S. business investment abroad was about 13.5 billion dollars. From 1980 through…

A: Initial investment = 13.5 billion dollar rate = r =0.1124 t = time Exponential model y=13.5e0.1124t

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

A: Giving the following information:   FV= $80,000 Number of years= 17 Interest rate= 8%

Q: Karen deposits $800 into an account that pays simple interest of a rate of 2% per year. How much…

A: Given information:Karen deposits $800 into an account that pays simple interest of a rate of 2% per…