1 A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth 18 months? A $168.75 B $2,670.63 C $2,668.75 $4.525.00

Q: You buy a house for $100,000.  The APR is 8.25%, and your payoff period is 360 months.  What is your…

A:

Q: Peng Lacson borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that? * O…

A: Solution

Q: Justin Beiber takes out a $30000 loan for her new Ford Mustang. He will pay back the entire loan at…

A: Given information Principal = $30000 Time = 8 years Interest rate = 7.25%

Q: Amir purchased five OMR2500 bonds at a closing rate of 94.98% Find the cost of bond. a. OMR 14671.7…

A: 5 bonds of 2500 will make a sum of 12500, whose 94.68% will turn out to be OMR 11872.5

Q: Find the total proceeds (in $) from the sale of 30 bonds with a coupon rate of 8.75 and a current…

A: Consider the provided question, Given that, number of bonds = 30 Coupon rate = 8.75% current price =…

Q: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

A: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

Q: Find the interest on the following loan. $5386 at 6%; loan made on August 11 and due December 16 The…

A: We have to Find the interest on the following plan $5386 at 6%,loan made on August 11 and due on…

Q: Taneen has a savings account with a balance of $50,000. Find the balance after 10 years with a…

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Q: A loan of $19,312 was repaid at the end of 15 months. What size repayment check (principal and…

A: Given : P = $19312 ,    t = 15 months  ,  r = 11% = 0.11

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: Proud Papa took out a loan for $15,000 for his daughter’s wedding. He can borrow the money from a…

A:

Q: You purchase a sofa costing $1,080 by taking out a 8% add-on interest installment loan. The loan…

A: You purchase a sofa costing $1,080 by taking out a 8% add-on interest installment loan. The loan…

Q: Sarah deposited $9,300 in a savings account that earns 17.5% annual simple interest. How much is in…

A: total amount in her account after 42 months will be  = initial deposited + simple interest   simple…

Q: On January 2021 – Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment.…

A: Given that Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has…

Q: 1. Kevin invests $725 at 5.2%/a simple interest. What is the total amount in Kevin's account at the…

A: For principal amount P, and simple interest r%/a, the amount after t years         = P(1 + rt/100)

Q: A car is valued at $17,000. You put down $3000. Interest rate is 4.8%, loan period is 48 months. How…

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Q: A student obtains a loan for $7,250. How much money does the student actually receive, assuming a…

A: The objective of this question is to find out the actual amount of money the student receives after…

Q: The owner of a hot dog stand receives a loan of $4,750 at 6.25% for 9 months. Find the amount of…

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Q: $63,217 6.79% interest 130 days

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Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: For a three year bond of $2,600 at a simple interest rate of 10% per year, find the semiannual…

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Q: You want to be able to withdraw $25,000 each year for 15 years. Your account earns 4% interest. How…

A: To calculate the amount that needs to pay at the beginning to able to withdraw $25,000 each year for…

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: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: You want to buy a $26,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A: Let E is the monthly payment. P is the principal amount=$26,000 r is the monthly rate of…