Q: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…
A: Thanks for the question :)And your upvote will be really appreciable ;)
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: Margo borrows $2000, agreeing to pay it back with 2% annual interest after 8 months. How much…
A:
Q: Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much…
A: Given : P = Principal value = $500 r = Interest rate = 4% =0.04 t = time in years = 45365
Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…
A: NOTE: Refresh your page if you can't see any equations. . the down payment is 30% of the price so…
Q: Kim borrowed $9,000 at 2 3/8% interest compounded daily. How much will she have to pay back…
A: The amount earned when P amount is invested in a scheme offering compound interest at a rate of r%…
Q: You borrow 1000 from your brother and agree to pay back 1060 in 20 months. What simple interest rate…
A: Formula used:
Q: If you pay your friend 15$ each month for 20 months to repay a loan, what is the total cost of the…
A: Explanation of the answer is as follows
Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…
A: given principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…
Q: April borrows $18,000 at an interest rate of 5% to purchase a new automobile. At what rate (in…
A: It is given that Principal, P = $18000 R = 5 % = 0.05 time, t = 5years We have to find the…
Q: How much interest (to the nearest dollar) would be saved on the following loan if the home were…
A: We will find out the required value.
Q: Trevor plans on getting a $222,000 loan for 30 years to purchase a home lender a offers him a 5%…
A:
Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.
A:
Q: Jay and Sybil are purchasing a home. They wish to save money for five years and purchase a house…
A:
Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…
A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years
Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…
A: The solution is given below
Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…
A: This question related to simple interest and solution is given below.
Q: present value of the loan
A:
Q: Sammy wants to buy a new stereo priced at $413. He enters into an agreement to pay $20 a month for…
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: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…
A:
Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…
A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…
Q: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a month for…
A: GIVEN: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a…
Q: A man borrowed 24000 from two money lenders. For one loan he paid 15% annum and for the other 18%…
A: Let x be the amound borrowed on 15% and (24000-x) at 18% Given taht total interest paid is Rs 4050
Q: Ruth availed of a cash loan that gave her an option to pay P5,000 monthly for 1 year. The first…
A:
Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…
A:
Q: oaquin pawns his favorite watch for a loan of $120. After 30 days, he buys his watch back for…
A:
Q: If you want to earn 5% simple interest, how much should you pay for a note that will be worth…
A:
Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…
A:
Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?
A: Here we have to find the interest rate i.e 'r'.
Q: Lucy deposits $8000 into an account that pays simple interest at a rate of 3% per year. How much…
A:
Q: A man repays a loan of $3250 by paying $ 20 in the first month and then increases the payment by $15…
A: Let the loan is cleared in n months . Clearly, the amount form an A.P with first term is 20 and the…
Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…
A:
Q: The cost of a particular private school inclues a one-time initiation fee of $2,000, plus annual…
A: It is given that one-time initiation fee is $2,000 and annual tuition fee is $10,000.The initiation…
Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…
A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…
Q: If you borrow 1800 dollars from a lending agent for 65 weeks and in the end you have to pay 270…
A:
Q: Mary and Kevin buy a vacation home for $350,000 down and take out a 15- year mortgage for the…
A:
Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…
A:
Q: Golton took outa loan from the bank to purchase a car. If he borrowed $17,240 at a simple interest…
A: Principal amount is: P = $ 17,240 Interest rate is: r = 8.25 % Total time period of loan: t = 5 year
Q: A payday loan is made for five weeks, where the amount of interest owed per $100 borrowed is $20.…
A:
Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…
A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…
Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…
A: Given, You inherited $5000 with the stipulation that for the first year the money had to be invested…
Q: Maddy Brown needed start-up money for her landscape service. She borrowed $11,000 for 42 months and…
A:
Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…
A: Topic:- simple interest
Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…
A: Let the amount invested in 9% fund be x. As, the amount is %5000. Therefore, the amount invested in…
Q: Chandler takes out a loan for $2,400. The loan length is 18 months at 6.5% and the monthly payment…
A:
Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…
A:
Q: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…
A: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…
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