1. What amount of money lay at 15% can provide the following scholarships: P30,000 at the end of each year for 6 years; P40,000 for the next 6 years and P50,000 thereafter.

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

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

Q: You think you need $1.5 million and your retirement advisor thinks you will average 6% a year on…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=1.5million=1500000 n=1 for…

Q: Mr. A borrows P 12,000.00 with interest at 6% for two years from Mr. B. What should Mr. B accept in…

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Q: Audrey has rented an apartment for $750 per month. She already has purchased a new car and is making…

A: Given that  Audrey has rented an apartment for $750 per month. She already has purchased a new car…

Q: Yvonne's taxable income for the last pay period was $999.70. If the federal income tax rate was 11%,…

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Q: 5. Margo borrows $900 and must pay it back with 6% interest after 7 months. What is the total amount…

A: Margo borrows $900 and pay it back with 6% interest after 7 months.

Q: You owe $2300 on a credit card with 21% APR if you pay $80 a month, how long will it take you to pay…

A: Formula for the loan amortization is  A=Pi(1+i)n(1+i)n-1 where A=periodic payment P=loan amount…

Q: A new Cellphone Brand is for sale in installment 3,400 each month for 9 months at 3.6% compunded…

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Q: A new school building was recently built in the area. The entire cost of the project was $16,000,000…

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Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

Q: f a woman making $33,000 a year receives a cost-of-living increase of 2.5%, what will her new salary…

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Q: Compute I. P = $4500, r = 6%, t = 14 months

A: As we that the expression for the simple interest: I=P×r×t100 Where: 'P' is the principal, 'r' is…

Q: How many weeks was Anastasia's loan for? Round your answer to the nearest week.

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Q: A new school building was recently built in the area. The entire cost of the project was…

A: The objective of the question is to determine the total amount that each family should be required…

Q: You owe $2300 on a credit card with 21% APR if you want to pay it off in 18 months, how much would…

A: Loan amortization formula is  A=Pi1+in1+in-1 Where A is periodic payment amount, P is loan amount,…

Q: Mary has agreed to loan Karen $1,125.37 for 5 years at 7%% simple interest. How much will Karen…

A: # Mary will receive the amount when loan is repaid as Mary has agreed to give loan to Karen The…

Q: 2. Three years ago, Jerry purchased a co-op. This year his monthly maintenance fee is $1,397. Twenty…

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Q: Banner House Inc. gives all its sales people a base salary of $49,000 per annum and a commission of…

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Q: lamil wants to renovate his Studio in 6 years. H estimates the cost to be $16511. How much should he…

A: Given          Future value (FV)=$16511     Interst rate (r) =8%=0.08   Time period (n) =6 years

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: 3. Jenfay bought a car for $28 000. Her car depreciates by 38% every year. How much will her car be…

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Q: Rosita earned $ 84.55 interest over the period of 146 days on a term deposit with a principal of…

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