Three years ago, Jolene bought $625 worth of stock in a software company. Since 1 then the value of her purchase has been increasing at an average rate of 6-% per year. How much is the stock worth now? (Round each money calculation you make to the nearest cent.)

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: Cost of hot tub=$5,010 Down payment=$1,300 hence the loan amount=$(5030-1300)=$3730 Payment each…

Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

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: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…

A: From the given information we find the monthly payment.

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A:

Q: Lucy deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much…

A: Simple interest formula for an amount of P at an interest rate of r% for t years is given by;…

Q: tammy deposited $2000 into an account that paid 4% interest per year and $6000 into an account that…

A: Tammy deposited $2000 into an account that paid 4% interest per year and $6000 into an account that…

Q: Bella Sandino paid 9% interest on an $11,500 loan balance. Joseph Marks paid $5,610 interest on a…

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Q: You put $300 per month in a savings plan that pays an APR of 3.5%. How much money will you have…

A: Given:   APR = 3.5% = 3.5/100 = 0.035 t = 18 AMT = 300

Q: The selling price for a fax machine is $349.67. What percent of the sale price is the markup, if the…

A: We have to find percentage

Q: A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to…

A: To find out the amount that the teacher will accept now.

Q: During a prolonged recession, property values on Long Island depreciated by 7% every 6 months. If my…

A:

Q: An antique vase was purchased in 2000 for $8000. If the vase appreciates in value by 5% per year,…

A:

Q: Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment account…

A: Given   Sherry has a goal of retiring with $434,598 by making weekly deposits into an investment…

Q: During a prolonged recession, property values on Long Island depreciated by 8% every six months. If…

A: Consider the formula for future value: F=P1-rnnt Where, F = Future value P= Present value n= Number…

Q: Last year a laptop sold for$1600. Due to higher demand, the laptop sells for $1695. What percent…

A: Given: Original price is 1600. The new price is 1695. The increase in price is 1695-1600 =95.

Q: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

A: A job pays $32,000 for the first year with an annual increase of 6% per year beginning in the second…

Q: The value of your stock investment in a certain company decreased 10 % over the last year. If the…

A: The problem regarding stock investment. percentage of decreases is given. And we have to calculate…

Q: A laptop was originally sold for 1200. The laptop is now on sale for $950. What is the percent…

A:

Q: 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a…

A: Given 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock…

Q: Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year…

A:

Q: a bookshop has a sale with an additional 40% off the regular (1/4) price of their books. what…

A: A bookshop has a sale with an additional 40% off the regular (1/4) price of their books. what…

Q: Larry would like to rent an apartment for $620 per month. His monthly income is $1,300. What will…

A: Given, Larry would like to rent an apartment for $620 per month. His monthly income is $1,300.

Q: Margo makes $82,000 every year. If she spends $24,000 on rent each year, what percent of Margo’s…

A:

Q: What was her total return on this investment

A: Given: Rosa pays $17,500 for shares in a new company. That means, I=17500 She sells the shares 8…

Q: John Lee's savings account has a balance of $2685. After 6 months, what will the amount of interest…

A:

Q: A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98 days. The…

A: Given problem:- A $25,000 United States Treasury bill, purchased at 1.66% interest, matures in 98…

Q: A preferred stock from Duquesne Light Company (DQUPRA) pays $3.55 in annual dividends. If the…

A:

Q: Evelyn pays $10,000 for shares in a new company. She sells the shares 10 years later for $15,000.…

A: Given data: Cost of the investment= $10000 Current value of the investment=$15000 Time=10 years…

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: A state legislature plans 10% motor vehicle tax cuts for each of the next 3years. What will the…

A:

Q: Murphy's annual income has increased by 10% per year for the last 8 years. If Murphy's annual income…

A:

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

A:

Q: Jake borrows $2,500 at an interest rate of 15% a year. If he repays the loan in 2 years, how much…

A: Assuming the simple interest, Interest = PRT/100 Where P= principal R = rate T = time

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A:

Q: Your employer offers a 401(k) plan with a 49% match, and you set a goal of retiring in 37 years with…

A:

Q: During a prolonged recession, property values on Long Island depreciated by 10% every 6 months. If…

A: Formula: D=P1-rn where D= Depreciation value P= Present value r= Rate of depreciation n= Number of…

Q: You borrow $710 from your brother and agree to pay back $770 in 3 months. What simple interest rate…

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Q: During a prolonged recession, property values on Long Island depreciated by 10% every 6 months. If…

A:

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: Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a year at an…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: Johnny borrowed 15,000 from a lending company with annual simple interest rate of 9.5%. If hhe had…

A: The formula for the amount of simple interest after t years is: A=P+Prt100 Here, P is the principal…

Q: Nicholas Thomas deposits $23,1000 in his school credit union for 14 months. If the credit union pays…

A: Definition used -               Amount of compound interest -                  A=P(1+r)t…

Q: During a prolonged recession, property values on Long Island depreciated by 5% every 6 months. If my…

A:

Q: A stock that pays an annual dividend of $0.60 per share has a current price of $30.50. Find the…

A:

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: 3.) Jose's' car depreciates at a rate of 12% per year. He bought his car three years ago for…

A: Given, Jose's car depreciates at a rate of 12% per year. He brought his car three years ago for…

Q: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…

A: We can use this formula to compute the monthly payment,  Monthly payment = P×r(1+r)n1+rn-1 Where P…

Q: Cameron invested $2,890 for 225 days at a simple interest rate of 3.75% p.a. How much more or less…

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