You have $2,000 on a credit card that charges a 21% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month Submit Question %24

Q: You deposit $3000 in an account earning 2% interest compounded monthly. How much will you have in…

A: Since, there has been a deposit of $3000 in an account earning 2%interest compunded monthly. Our aim…

Q: Find the final amount of money in an account if $4, 500 is deposited at 2.5 % interest compounded…

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Q: Eight thousand dollars has to be invested for ten years. For each option below, calculate the…

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Q: mt A = P (1+ %3D If I deposit $2,500 today in an account paying 1% interest compounded quarterly,…

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Q: One thousand dollars, deposited into an account that pays interest monthly, is allowed to remain in…

A: Interest charged on the principal amount and the interest accrued is known as Compound Interest. It…

Q: You deposit $2000 in an account earning 7% interest compounded monthly. How much will you have in…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: A person deposits 100$ at the end of first, second and third year, if the rate of interest is 15%…

A: This is the case of compound interest

Q: A radio commercial for a loan company states: "You only pay 33¢ a day for each $500 borrowed." If…

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Q: Melanie invests $1,000 at 15% simple interest for 1 year. How much is in the account at the end of…

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Q: much

A: Amount formula is given of compound interest.

Q: Suppose you want to have $600,000 for retirement in 20 years. Your account earns 9% interest. How…

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Q: Find the final amount of money in an account if 38, 800 is deposited at 5 % interest compounded…

A: The final amount can be calculated using the compound interest formula given as:       Compound…

Q: Appa deposits $4000 in an account earning 3.6% interest compounded monthly. How much will Appa have…

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Q: You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in…

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Q: 7. Dusty won $125,000 on the Who Wants to be a Zillionaire? game show. He decides to place the money…

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Q: Find the final amount of money in an account if $1, 600 is deposited at 6.5 % interest compounded…

A: Given  Principal = $1600 rate = 6.5% time = 5 years  Compounded weekly.

Q: Suppose you want to have $300,000 for retirement in 30 years. Your account earns 10% interest…

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Q: you deposit $1500 into an account with 4% annual compund interest. complete the following, assuming…

A: The rate of change = Amount A x rate of interest, rHence, 150 = A x 4%Hence, A = 150 / 4% = $ 3,750

Q: A radio commercial for a loan company states: "You only pay 25¢ a day for each $500 borrowed." If…

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Q: can you solve it with formulas?please make your text readable.

A: Given information PV=$500 Rate of interest r=12% ⇒r=12100=0.01 Time t=2 years Formula for simple…

Q: You deposit $200 in an account earning 7% interest compounded annually. How much will you have in…

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Q: O b If an amount of 2,130 OMR, which includes a 8% simple interest for 2 years, is paid back, how…

A: Given, Amount  = A = 2130 OMR  Rate of interest = r = 8%  Time period  = t = 2 years  We have to…

Q: You want to buy a $28,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

A: Solution is given below:

Q: $6,000 is invested for 5 years at an annual simple interest rate of 7%. a) You will earn $ in…

A: our objective is to find the solution.

Q: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

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Q: 13. Juan borrowed $27,000 from a bank to purchase a car. If he borrows the money at 4.15% interest…

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Q: Find the final amount of money in an account if $3, 800 is deposited at 8 % interest compounded…

A: Given: P = $3800  r = 8 % =8100=0.08 t = 6 years  compounded semi-annually  To calculate: Final…

Q: You deposit $1000 each year into an account earning 8% interest compounded annually. How much will…

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Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

A: We apply formula A = p(1 + r)t p = deposit r= intrest

Q: A radio commercial for a loan company states: "You only pay 33¢ a day for each $500 borrowed." If…

A: We have to find the value of Total amount and annual interest  rate. Simple interest (I)=Prt

Q: Bob has saved a total of P2,550,000.00 for retirement. He put the money in a mutual fund which pays…

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Q: low much interest are you going to pay after 45 days if you borrowed 50,000.00 in a lending vestor…

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Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

A: We can find the amount using the formula for compound interest as below

Q: You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

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Q: You can afford a $200 per month car payment. You've found a 5 year loan at 2% interest. How big of a…

A: How big of a loan can you afford.

Q: Suppose you want to have $700,000 for retirement in 25 years. Your account earns 7% interest. How…

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Q: You deposit $5000 in an account earning 2% interest compounded monthly. How much will you have in…

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Q: How much money can you afford for a loan if you know you are going to pay $80 each month for 19…

A: The formula to calculate the equal monthly installments (EMI) that is the equal monthly installment…

Q: A bank features a savings account that has an annual percentage rate of 5 % with interest compounded…

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Q: Self-employed persons can make contributions for their retirement into a special tax-deferred…

A: According to the given information, P=$10000 n=25 years Annual rate=3%=0.03

Q: your goal is to create a college fund for your child. suppose you find a fund that offers an APR of…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: You have $2,000 .on a credit card that charges a 21% interest rate. If you want to pay off the…

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Q: Divya borrows some money at a fixed rate of simple interest. The amount she owes at the end of each…

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Q: Self-employed persons can make contributions for their retirement into a special tax-deferred…

A: Given information m=$10,000 r=2% ⇒r=2100=0.02 t=30 years And n=1 Used formula:- A=m1+rnnt−1rn

Q: brooke's credit card has an annual interest rate of 21% on her unpaid balance, which averages $900.…

A: Given query is to find the monthly payment.

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

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Q: lynn deposits $683.09 at the beginning of each quarter for three years in order to accumulate…

A: Given Periodic contribution, P=$683.09 Sinking fund, A=$9500.60 Time period, t=12 Quarters

Q: Find the final amount of money in an account if $900 is deposited at 3.5 % interest compounded…

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Q: Es A loan of $15,000 is made at 8% interest, compounded annually. After how many years will the…

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Q: You have $500,000 saved for retirement. Your account earns 7% interest. How much will you be able to…

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