uppose Ben and Taylor deposit $1200 into an account earning 3.6% simple interest for 15 months. How much is in the account at the end of the investment? Round your answer to the nearest cent.

Q: If you want to earn 4% annual simple interest on an investment, how much should you pay for a note…

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

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Q: Julieta and Eric are purchasing a home. They wish to save money for 10 years and purchase a house…

A: Hi! You have posted Finance question under Probability subject. We have answered this time. Next…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

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Q: If you pay $26.53 each month for your cellphone for two years, how much is the total cost of your…

A: Solution:-

Q: Suppose your salary in 2012 is $70,000. If the annual inflation rate is 5%, what salary do you need…

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Q: our investment account pays 3% interest. If you deposit $10 a day, how much will you have after 5…

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Q: When real estate is sold, the year's property taxes are allocated to the vendor and the purchaser in…

A: Since the number of days from January 1 to August 7 = January ( 31 ) + February ( 28 ) + March ( 31…

Q: You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.26,…

A: The solution is given below.

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

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Q: A distributor has a rate of markup of 30% of its textbooks. If it sells each textbook for $120.00,…

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

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Q: If you pay credit card company $32.70 each month in order to pay off your credit card, and it takes…

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Q: You have accepted a job from a company that will pay you $38,900 in the first year of employment and…

A: So, we are compounding each year:-  Hence, we get a Geometric Progression with first term = 38900…

Q: An insurance company pays claims for bills from a physical therapist as follows: They take the…

A: Given  Actual bill is reduced by 10% Percentage paid of the remaining amount =35%

Q: Todd Gunderson went into a partnership with two of his friends.  Manny and Jose, to share a route…

A: In question, we need to find Todd's amount in partnership.

Q: If you have a business loan and you pay 1,133.62 each month for 20 years on the loan, what is the…

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Q: What lump sum do parents need to deposit in the account earning 7%, compunded monthly, so that it…

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Q: If there is 54% increase on a $54 item, then how much is the new cost for next year? Round to the…

A: Solution is given below:

Q: How much will a U.S. Treasury bill (T-bill) be worth after 4 months if it was bought for $4,000 and…

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Q: An investor deposits 3,500 into an account paying 8% compunded semiannually. Two years later she…

A: Here we find compound money upto 7 year.

Q: Peter won a lottery and must decide among the following options: a. $81,000 cash in 4 years b.…

A: Given: P=$20,400 N=8 i=4.9% CY=2 PY=1 Formula used: FVORD=P1+iCYPY-11+iCYPY-1

Q: In the article, there is a copy of the advertisement Washington placed in a Philadelphia newspaper…

A: In 1796, the amount a person had is $10.

Q: You have an opportunity to purchase a bond that will pay out $734 in 14 months.  If you would like…

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Q: Jack and Terry Wittry are in their retirement years. They just received $503,000 after taxes from…

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Q: You borrow $3,053 from a friend and promise to pay back $3,999.43 in 5 years. What simple interest…

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Q: Hernandez Engineering borrows $6,500 , at 8 1/2 % interest, for 150 days. If the bank uses the…

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Q: How many weeks would it take to increase the debt of a simple discount loan by 107% if the annual…

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Q: If you earn $2950 per month and you expect your earnings to increase by 3.6% per year, how much do…

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Q: d. Suppose the company wanted to give raises to the employees who were in the lowest 20% salaries at…

A: Z = x-μσ~N(0,1) NORMSINV() -----------Excel function

Q: how much will he expect to gain/lose in return? No

A: Here given, Vice Ganda plans to invest 100,000 pesos for a movie block screening for a cause. He…

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Q: If inflation has been running at 4.07% per year and a new car costs $23,700 today, what would it…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. If you deposit…

A: after three years you have $1381.22

Q: You purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.26,…

A: Given that: Net asset value of share = $15.26Cost of share = $15.79

Q: If inflation has been running at 2.51% per year and a new car costs $36,400 today, what would it…

A: We have to use compound interest series formula. Let 4 years ago the price was x. Therefore…

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

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Q: A lender requires PMI that is 0.7% of the loan amount of $440,000. How much (in dollars) will this…

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Q: The value of your stock investment in a certain company decreased 20 % over the last year. If the…

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Q: A certain financial institution declared a P30,000.00dividend for the common stock. If there a total…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

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Q: VongVong lent 6,000 pesos to Lenni for 2 years and 1500 pesos to Hisko for 4 years and received…

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Q: Gwen has saved $3,500 and wants to deposit it into a savings that earns 4% annual interest for 10…

A: Given P = initial investment = $ 3500 r = interest rate = 4% = 0.04 t = time period = 10 years