You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5% annually. How much (in dollars) will you pay? (Round your answer to the nearest cent.)

Q: You buy a zero coupon bond with a face value of $13,000 that matures in 24 years for $8,000. What is…

A:

Q: What is the purchase price of a 33-week T-bill with a maturity value of $1072 that earns an annual…

A: Given that  Maturity value is 1072 Interest rate is 8.5% To find the purchase price

Q: If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?…

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

Q: You buy a zero coupon bond with a face value of $13,000 that matures in 11 years for $7,000. What is…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

A:

Q: If Tanya's husband were to die, she and her children could live on $60,400 per year. Tanya makes…

A: Total income earned= 33,100+21,500 =$35600

Q: A $19,000 loan is to be amortized for 10 years with quarterly payments of $606.51. If the interest…

A: Given informationPrincipal loan amount (p) = $19,000Time (t) = 10 yearInterest rate(r) = 5%Quarterly…

Q: If you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

A: Here I am attaching image so that you understand each and every step.

Q: How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: please comment if you need any clarification. If you find my answer useful please put thumbs up.…

Q: If you borrow $1,700 for 4 years at 5% annual simple interest, how much must you repay at the end of…

A: Given, If you borrow $1,700 for 4 years at 5% annual simple interest, how much must you repay at the…

Q: O The total simple interest owed on a loan of $8,000 after 60 months is $1,280. What is the yearly…

A: Given that total amount of loan is P=$8000 , time is 60 months or t=6012=5 years, total simple…

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

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Q: Your business requests a 3-month loan for 550,000. What will be the interest paid at the d of the…

A: Given query is to find the interest paid

Q: Jaspreet set up a fund that would pay his family $4,500 at the beginning of every month, in…

A: We can evaluate the following as follows

Q: Millet wants to provide a 200,000 graduation gift for her daughter Mae who is now 16 years old. She…

A: Given: A=200,000R=10%T=4 years We have to find principal (P) we know that A=P1+rnnt ...(i) here…

Q: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

A: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

Q: If you borrow $29,000 at 8.4% annual simple interest for 11 years, how much must you repay at the…

A: use formula written below

Q: If you deposit P5,500 in a bank at an annual simple interest rate of 0.5%, how much money will you…

A: Given  Principle(P) = 5500 Rate(R) = 0.5 Time(T) = 12   By the formula SI = PRT100 = 5500×0.5×12100…

Q: A house sells for  $155,000  and a  20%  down payment is made. A mortgage was secured at  3%  for…

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Q: The price of a new car is $16,000. Assume an individual makes a down payment of 25% toward the…

A: Given that price of new car = $ 16000 After 25% down payment, amount of car remaining, P = $ 16000 -…

Q: If the General Electric bonds you purchased had paid you a total of $8,840 at maturity, how much did…

A: Given that the following table lists several corporate bonds issued during a particular quarter:…

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: You buy a house for $250,000, make a 20% down payment, and take out at 30-year mortgage at an annual…

A: Here, House price= $250,000 Down payment= 20% Effective interest rate= 4%

Q: An individual purchased a 5-year, $10,000 promissory note with an interest rate of 3.5%/year…

A: Given: An individual purchased a 5 year, $10,000 promissory note with an interest rate of 3.5% per…

Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: Given interest rate is 10% and expected monthly income after retirement is $10,000 This monthly…

Q: (b) What will be the amount of an ordinary annuity of $100 each month for three years if interest at…

A: An ordinary annuity is a series of equal payments made at the end of each period of the specified…

Q: Find the present value of $52500 at a simple interest rate of 7 1/2% in 8 months.

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Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 3 months. What is the maturity value…

A: Interest , I=PRT100where P is the principalR is the rateT is time in yearsMaturity value =Amount…

Q: Find the current yield (as a %) of a bond whose coupon rate is listed as 6.875 and currently selling…

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Q: The Betzes have leased an auto for 2 years at $400/month. If the money is worth 7%/year compounded…

A: find explanation below

Q: Cameron is expected to settle a loan by paying $7,500. What amount should he pay if he decides to…

A: Here we find loan settlement amount.

Q: Given a principal of Php. 100,000.00 payable for 2 years at 3% compounded quarterly. What is the…

A: Interest per conversion period is given by annual interest rate divided by number of periods Here…

Q: If you buy a 26 week T-bill with a maturity value of $1800 that sells for $1725.50, what is the…

A: We have to find annual simple interest rate when maturity value $1800 that sells for $1725.50 for 26…

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

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Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

A:

Q: If you pay $8,400 for a 20-year zero coupon bond with a face value of $40,000, what is your annual…

A:

Q: What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.

A:

Q: If you sign a discount note for $4,800 at a bank discount rate of 8%, for 90 days, what is the…

A: To find the effective interest rate basically there are three steps involved Step1: Find the bank…

Q: Consider a 30-year fixed-rate home loan of $595,500 with an interest rate of 3.25%. What is the…

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Q: Suppose you buy a home and finance $275,000 at $2,233.17 per month for 30 years. What is the amount…

A: According to question, Cost of home = $275,000, Cost of finance = $2,233.17 per month, Time period…

Q: Meg's pension plan is an annuity with a guaranteed return of 7.5% per year compounded quarterly. She…

A: First we calculate present value using formula of present value then obtained present value will…

Q: You can get a car loan with a term of three years at an APR of 4%. If you can afford a monthly…

A:

Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: A bank is offering a special four-year investment certificate paying 3.5% per year, compounded…

A: We can solve it by the mathod of finding compound interest.

Q: If you borrowed $10,000 for 9 months at 12% annual simple interest, how much must you repay at the…

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Q: A $2000 Treasury bond with a coupon rate of 6.0% that has a market value of $1875

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Q: If you borrow $4,000 for 4 years at an interest rate of 3%, how much TOTAL will you pay? * O $8000 O…

A: Given that P = 4000 R = 3% = 0.03 T = 4 Since We know that SI = PRT

Q: Miguel purchased a $9,000 bond that was paying a 4.25% compounded semi-annually coupon rate and had…

A: