50. If John purchases a new car for $18,500 and, according to research, it straight line depreciates to zero value after 10 years, how much will his car be worth after 99 months? A. $0 B. $3,237.50 C. $186.87 D. $3,150.25

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A: We need to use simple interest formula to solve this problem A=P(1+rt) Where A= Final payment…

Q: Bob bought some land costing $15,540. Today, that same land is valued at $45,117. How long has Bob…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: narvia purchased a used roadster with a $15,000 three -year loan at 6%. Her monthly payments are…

A: Here,Loan Amount is $15,000Interest Rate (r) is 6%Time Period (n) is 3 yearsMonthly Payment (PMT) is…

Q: 10. Kristine has $5,000 in an account today that pays 3% interest rate. Two years from now she…

A: Note: As per the Bartleby guidelines, we can answer only the first question. Kindly post the…

Q: Dante purchase two perpetuities, X and Y, that have the exact same value to him today: - Perpetuity…

A: An annuity is a series of periodic payments made/received in exchange for a lump sum payment. It is…

Q: Gerry likes driving small cars and buys nearly identical ones whenever the old one needs replacing.…

A: Answer:- Depreciation meaning:- Depreciation is basically the decrease in the value of the fixed…

Q: 0. Dale wants to invest money in a 6% CD account that compounds semiannually. Dale would like the…

A: The concept of time value of money will be used and applied here.As per the concept of time value of…

Q: Ronald Gonzales, who recently sold his Bicycle, placed P10,000 in a savings account paying annual…

A: Future Sum is the accumulated value of given amount with interest over each period. In given case,…

Q: 7) Mr. Allan borrowed from Mr. Tan 2k on Jan. 1988 & P5k on Jan. 1989. For 3 consecutive yrs…

A: As per honor code, we’ll answer only one question at a time, we have answered the first question…

Q: Todd purchases a new car for $22,650. He makes a $5000 down payment and finances the remainder…

A: Amortization is the process of gradually paying off a debt or loan through regular, scheduled…

Q: 17. Eileen and Charlie want to renovate their bathroom. They receive a quote of $7500 from Baths of…

A: Given data, Principal Amount (P)=$7,500Rate (r)=0.056512Number of times interest applied per time…

Q: Sam is buying a used car. Payments will be $326.25 every month for 4 years, with the first payment…

A: Payment per month is $326.25 The time period is 4 years The interest rate is 5.150% Compounded…

Q: David agrees to be paid $7,000 to get Jake's old building up to the current Electrical Code. When…

A: David will get =$7000 when work is done. Jake pays $4000

Q: a. $612.40 b. $526.00 c. $644.24 d. $653.02 e. $646.31

A: Future value of money is much more than the actual deposit due to compounding of the interest rate.

Q: Talib bought a new farm house for $.5 120000, H put down payment of $12000 nd obtain a mortgage at…

A: Interest rate: It is charge taken by the bank from the borrower against the loan amount granted for…

Q: Peter has $33,550 in his savings account. If he withdraws $5,000 at the end of each year, he will…

A: Present Value (PV) of Savings Account = $33,550Annual Withdrawal (P) = $5,000Number of years (n) =…

Q: Situation 2: Mr. Franklin wants to save for a new sports car that he expects will cost $38000 four…

A: 17.a)For 17 a ) in the image a mentioned exact answer....Answer is not matching with the…

Q: 5. Christopher is retiring and wants to set up a 20-year annuity with $120 000 of his savings. The…

A:

Q: A father deposited a total amount of P88,500 on two different investments. The first investment…

A: The concept of the time value of money states that due to the ability of invested money to earn…

Q: Chris bought a new car for $12,500. He made a $3,000 down payment and financed the rest at an annual…

A: Loan is an amount that is paid by the lender to the borrower for the certain period of time. The…

Q: Your grandfather put some money into an account for you on the day you were born. You are now 18…

A: It represents the expected amount or value of the current asset at a future date. It is estimated by…

Q: COMPOUND INTEREST 1. Mr. Iman purchased an antique souvenir for P12,500. Ten years later, he sold…

A: Investment refers to the amount which is provided by the person who owns the money to another party…

Q: 23-81 1=25, 998 33. Your grandmother has promised to give you $10,000 when you graduate from…

A: Present value (PV) is the current value of an expected future sum of money or cash flow, discounted…

Q: QUESTION 18 Lucy bought a house for $100,000. Lucy's annual cost of ownership net of tax savings is…

A: Lucy's annual cost of ownership, net of tax savings, is exactly equal to the annual rent she would…

Q: Question 20 of 45. Raymond is a cash-basis, self-employed real estate broker, He always claims…

A: As per IRS, a self-employed person using a personal car for business purposes shall deduct car…

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A: The real interest that an investor earns on the investment and a borrower pays on loan after…

Q: A couple buys $8000 worth of furniture and takes advantage of the furniture company's "don't pay a…

A: Monthly payment refers to an amount that is paid every month for the repayment of a loan amount…

Q: Q6: Solve this situation if P-5000S, n-6 ycars, i-8%, Find A. 2

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: everly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since…

A: Monthly payment = [P x R x (1+R)N]/[(1+R)N-1],   Here,  P = loan amount or principal = 190000 -…

Q: 5. Jay and Kei just acquired a new Honda Civic for 1,215,000 under the dealership's purchase…

A: Financing refers to raising funds by an organization or individual. But in personal finance, it…

Q: Jack sells his lawn-mowing business for $50,000 but the buyer wants to pay for it in two cash…

A: Present value of future amount is computed by following formula:-PV = wherePV = Present value of…

Q: The purchaser of a car paid $10,000 cash and agreed to pay $3000 at the end of 6 months for 10…

A: Calculate the future value of the annuities (PMT) that are not paid till the end of 3rd Year.…

Q: Jason bought a home in Arlington, Texas, for $127,000. He put down 25% and obtained a mortgage for…

A: Price of home = $ 127000 Down payment = 25% Loan amount (PV) = 127000*(1-0.25)…

Q: Gabriel now has $500. How much would he have after 7 years if he leaves it invested at 6.8% with…

A: Solution:When an amount is invested somewhere, it earns interest on it.The amount initially invested…

Q: A woman paid $91,000 down for a house and agreed to pay 18 quarterly payments of $4,500 each. If…

A: The concept of time value of money needs to be applied here. If she had paid cash the cost of the…

Q: cash and agreed to pay P 10.00 at the end of The purchaser of a tractor paid each 6 months for 10…

A: Solution: PMT = P 3000 N = 10*2 = 20  Rate = 8% / 2 = 4% Calculate the PV = PV(4%,20,-3000)…