Tuition of $1260 will be due when the spring term begins in 9 months. What amount should a student deposit today, at 6.66%, to have enough to pay the tuition? The student should deposit S

Q: You want to save $50,000 in 18 years for a college fund for your child by making regular,…

A:

Q: Quick loans will loan you $600 with the understanding that you will repay them $689 in 2 weeks what…

A:

Q: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

A: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

Q: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

A:

Q: The loan amount of $320,000 is to be paid back in 360 monthly payments  (30 years). The monthly…

A:

Q: Kunio puts $3,300.00 into savings bonds that pay a simple interest rate of 2.5%. How much money will…

A: Simple interest algebra

Q: John made a lump sum deposit of $ 7,600 in an account that pays 6.5% per year. Find the value…

A: Given amount=$7600 , interest=6.5% , Time =5 yearsfind interest and maturity value

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: Bill borrows 3500 dollars, to be repaid with 12 equal monthly payments, the first coming 6 months…

A:

Q: You want to buy a home.  You can borrow 80% of the purchase price.  Assuming that you can make a…

A: Given that    You want to buy a home.  You can borrow 80% of the purchase price.  Assuming that you…

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

A:

Q: A house and lot has a selling price of PhP 1,960,000. A client made a down payment of PhP 460,000…

A:

Q: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: A newly-formed business bought a property worth PHP14.5M. It deposited a down payment of PHP3M with…

A: Given: Cost = 14.5M Replacement = 3M n = 4*10 =40 rate= 12%

Q: Used-car financing of $100,000 for 20 months at 8.75%. what is the monthly payment

A: Given: The principal amount to be financed is P=$100,000 for t=20 months at the interest rate of…

Q: Dr. Grant borrowed money from his friend with simple interest of 12 %, find the present worth of P…

A: Future Amount (F) = P50,000 interest rate (i) =12% number of months (n)= 9 months

Q: Melissa Hernandez received an 8-year subsidized student loan of $29,000 at an annual interest rate…

A: It is given that Melissa received an 8-year loan of $29,000 at an annual interest rate of 4.5%.

Q: Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8% per annum for…

A: Given that, Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8%…

Q: 4. Joe buys a new laptop for $675 and pays for it over two years with 3.% simple annual interest.…

A:

Q: You need a home loan of 95000 after your down payment.how much will your monthly house payment be if…

A:

Q: present value of the loan

A:

Q: Chuong Ngo borrows $2400 from a bank that advertises a 6% simple interest rate and repays the loan…

A:

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Jonathan wishes to buy a used Chevy Malibu for $12,500. He only has $1,000 for a down payment so the…

A: Simple interest is given by I=PTR/100

Q: It cost $200,000 to put a kid through college.  How much money would you have to deposit monthly…

A:

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

A:

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3%…

A: topic - application of geometric progression

Q: a) Sara deposited RM2,800 in an account when she was 15 years old. The simple interest rate offered…

A: Given problem Given that   a) Sara deposited RM2,800 in an account when she was 15 years old.…

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: Discount p500 for 2 years at 6% simple interest?

A: The simple interest formula for a principal amount(p) for t years at an interest rate of r% is given…

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Pandemic Bank charges 4% for discounting loans. If Super Tekla agrees to repay 3,000 in 6 months,…

A: "Since you have asked multiple questions we will solve first question for you. If you want any…

Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

A:

Q: How much is the cash value of the car if the interest used is 12% monthly?

A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI

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

A:

Q: The finance charge that a student pays on his credit card is 18.4% APR (annual percentage rate).…

A: As per given by the question, there are average balance for the year is $5000 with 18.4%ARP. Now,…

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: Chunong ngo borrows 2400 from a bank that advertises a 7% simple interest rate and repays the loan…

A: Let the given values as Principle, P=2400 Number of repayments = 4 Simple interest rate, r=7% Use…

Q: Luis Mahla purchases a Porsche Boxster for $43,800 and finances the entire amount at an annual…

A: Total cost = p.p + sales tax + license fee

Q: Chuong Ngo borrows 3600$ from a bank that advertises a 6% simple interest rate and repays the loan…

A: The formula to calculate the annual percentage rate (APR) for a loan is: APR = Fees+Interest Paid…

Q: How much will you pay on interest if you buy a $217k home on 3.5% interest with monthly payments on…

A:

Q: At auction on August 18, 2005, 3-month T-bills were sold at a discount of 3.470%. What was the…

A:

Q: To buy a laptop, Jihyo borrowed Php 38,000 at 8% simple interest. How much does she have to pay back…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: An organization loaned $ 14,000.00 from a bank at 95 interest. They will pay a total of $ 20,300.00…

A:

Q: A person collected $2,100 on a loan $1,800 they made 4 years ago. If the person charged simple…

A: We have formula for simple interest

Q: Melissa Hernandez received an 8-year subsidized student loan of $28,000 at an annual interest rate…

A:

Q: Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive…

A:

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.