1. The value of a car depreciates at a rate of 12% per year. If its original cost is $12,000.00, what will be its value after 3 years?

Q: 6. How much interest will be earned in 3 years WIII be ea ih 3 years from $730 placed in a savings…

A:

Q: 5. $8000 is deposited at a bank account that pays 3% interest compounded monthly. How much will the…

A: Explanation of the answer is as follows

Q: 1. If you save $750 per month in a savings account that pays 1% interest, compounded monthly, how…

A:

Q: 5. An electric car is listed at $60,000 and depreciates by 47% per year. (a) Find its value after 4…

A: Given: An electric car is listed at $60000 and depreciates by 47% per year.

Q: 8. How long will it take for the $3200 to double compounded monthly at 3.5%?

A:

Q: how much will deposits of dollar 200 made at the end of each quartar amount to after 9 years if…

A: The process of depositing an amount after each fixed time is called recurrent deposits. The final…

Q: You are currently investing your money in a bank account which has a nominal annual rate of 7…

A:

Q: Coral invested $500 in an account that earns simple interest at the rate of 5.5% each year. Assuming…

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

A:

Q: 5. Lucy wants to have $18 000 in her account 3 years from now to buy a car. How much must she invest…

A: Target (T) = $18000  Time (N) = 3 years  =  36 months Annual intrest percentage = 7.2% per annum…

Q: 1) James wishes to put $400 into a savings account at the beginning of each three-month period…

A: Investment quarterly  Rate of interest : Total time period:  year

Q: Dominic works after school to save money for college. He makes monthly deposits of $250 into an…

A: Given: Deposit =$250Rate of interest=4%Time =5 years

Q: You have $10,000 you want to invest. Your bank has several investment accounts to choose from, all…

A: Formula of compound interest is A=P1+rnnt