Question 5 You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? each month

Q: Question 4 If $16,000 is invested at 8% for 12 years, find the future value i. semiannually. Please…

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Q: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded quarterly.…

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Q: Question 14 If 100,000 php is deposited in a bank that grows 4% interest discretely, how much will…

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Q: QUESTION 1 You are approved for a loan of $25.000 at 5.3% compounded quarterly If you plan to pay…

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Q: QUESTION 6 If you save $180 per month for retirement in an account that earns 6% interest per year,…

A: Given query is to find amount accumulated.

Q: Question 19. Find the balance on an account if you invest $ 407 at 3.9 % for 13 years compounded…

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Q: Question 1 of 13 Courtney took a loan of $8,400 from her parents to purchase equipment for her hair…

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Q: Question 4: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to…

A: Let us consider the principal amount be P.  The amount will be A after t years at the rate of r% for…

Q: QUESTION THREE a) BONDO Enterprise's rent will expire in four years. The property owner only accepts…

A: (a) Given:Current rent, A=GHc 50Rate of interest, r=10%Number of times interest applied per time…

Q: QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest,…

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Q: Question 3 of 13 Jordan received a loan of $7,600 at 5.25% compounded monthly. He settled the loan…

A: Solution ::

Q: Question 2 The cash price for a bike is $240. Peter bought it on payment plan over a one year…

A: From the given information we find the solution.

Q: Question 14 > You would like to have $600,000 when you retire in 35 years. How much should you…

A: You would like to have $600,000 when you retire in 35 years  earn a rate of 5.8% compounded…

Q: Question 7 You deposit $6000 in an account earning 3% interest compounded monthly. How much will you…

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Q: Question 31 > Rasmus has 5000 dollars that he wants to invest. His bank has several investment…

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Q: Question 2 Find the future value and interest earned when RM950 invested every three months for 3…

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Q: Question 9 of 9 A company currently owes $25,000 to a bank for a loan it took 3 years and 5 months…

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Q: Question #3 Determine how much is in the Account, if $500 is invested into a bank account for 1…

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Q: Question 1: Steve decided to deposit $4,680 into a savings account with 6.5% interest, compounded…

A: Initial amount deposited is $4680 Rate of interest is 6.5% compounded quarterly number of years =7…

Q: Question 1 You have $500,000 saved for retirement. Your account earns 7% interest. How much will you…

A: The given data is: Present value is $500,000 Interest rate 7% per month r=0.07 Since withdrawing…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

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Q: QUESTION 3. $4500 is deposited for 4.5 years in an account that pays 4.5% interest compounded…

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Q: Question 14 of 14 Borrowing to Start a Business Morgan, a budding entrepreneur, was excited that her…

A: According to our company guidelines we are supposed to answer only 3 sub parts since you have asked…

Q: QUESTION 1 If $7,000 is borrowed for 6 years at an annual simple interest rate of 8%, find the…

A: Principal amount $7000 Rate = 8% simple interest  Time = 6 years

Q: Question 11 Previous Jenelle bought a home for $230,000, paying 14% as a down payment, and financing…

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Q: Example 17 year old Grace wants to be a millionaire before she is 40 years old. How much must she…

A: Given: Number of years = 40 - 17                             = 23 Nominal monthly rate of interest…

Q: Question 18. Find the balance on an account if you invest $ 785 at 5.3% for 13 years compounded…

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Q: Question 3 of 12 The interest rate on a GIC is 4.25% compounded quarterly. What is the purchase…

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Q: QUESTION 5 Alex deposits $1,200 in a savings account that pays %1.5 interest compounded monthly. How…

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Q: Question 6 You owe $19,000 on student loans at an interest rate of 5.8% compounded monthly. You want…

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Q: Question 1 of 10 Calculate the amount of interest earned on a $12,500 investment made for 2 years at…

A: Given  Amount invested P = $12500 Rate of interest r = 3% Time = 2years

Q: QUESTION 8 Dedrick puts $250 into an account every month that pays 5.25% interest, compounded…

A: Solve for A

Q: Suppose you have a $2,000 savings bond that pays 6% interest annually that matures in 10 years.  How…

A: Solution

Q: Question 1 You buy an used car for $16,000 and the bank offers you 5.8% interest on monthly payments…

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Q: Question 9 of 15 Raul inherited $3,100.00 from his grandmother. He wants to use the money to take…

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Q: QUESTION 5 You want to pay off your 5-year car loan. You have already made 39 monthly payments of…

A: Let's find car loan payoff amount.

Q: Question 20. Find the balance on an account if you invest $ 1,558 at 3.7% for 13 years using simple…

A: You invest $ 1,558 at 3.7% for 13 years. So let principal = P = $ 1,558. Rate of interest = R =…

Q: Question 25 of 34 Step 1 of 1 Julieta and Eric are purchasing a home. They wish to save money for 12…

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Q: QUESTION 8 If you save $270 per quarter for retirement in an account that earns 8% interest per…

A: After 38 years interest.

Q: Question 2 What is the present equivalent of 18,000S to be received by Mlkw in 15 years when…

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Q: Question 7 You deposit $2000 each year into an account earning 3% interest compounded annually. How…

A: Here we use the compound interest formulae.

Q: 11 An amount of $18,000 is borrowed for 12 years at 8% interest, compounded annually. If the loan is…

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Q: Mike is a first year university student who is trying to understand his financial situation. Mike…

A: There are many different types of interest that can be accounted on initial amount. Simple interest…

Q: Question 3 is compounded quarterly. How much money is in the fund after We invest $7 into a fund…

A: This problem can be solved using compound interest formula.

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

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Q: A person donated $110,000 to a university to establish a scholarship fund. What is unusual is that…

A: Given: a person donated $110,000 to a university to establish a scholarship fund. What is unusual is…

Q: QUESTION 2. Calculate the simple interest on $600 left in account that pays 7% annual interest for 8…

A: There is no such introduction for the solution.I have explained it within the solution.Please go…

Q: You deposit $4000 in an account earning 4% interest compounded quarterly. How much will you have in…

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