A 6 year bond costs $3,000 and will pay a total of $200 interest over its lifetime. What is its annual interest rate r (as a percent)? (Round your answer to three decimal places.) r = %

Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $2400, I = $60, t…

A: Simple interest = Amount*rate*time in years

Q: you borrow $2,700 at 8% simple interest per year for five years, how much will you have to repay at…

A: interest =p×r×t100where,r=rate of interestp=principal t=years

Q: Which of the following statements is true? Group of answer choices If interest is 13% compounded…

A: The objective of the question is to identify the correct statement among the given options related…

Q: You plan to borrow $48,800 at a 6.5% annual interest rate. The terms require you to amortize the…

A: The objective of the question is to calculate the amount of interest paid in the second year of an…

Q: What's the present value, when interest rates are 8.0 percent, of a $160 payment made every year…

A: The present value is the today’s value related to the future money at a given rate of return. It is…

Q: A deposit of $250 earns the following interest rates:   10 percent in the first year. 8 percent in…

A: Interest earned is the amount earned on the invested amount over the period of investment. It can be…

Q: what is the interest rate

A: Interest rate is the rate at which the bank or any other lenders charges from the borrowers for…

Q: If the annual interest rate is 7%, what is the monthly interest rate that would be used as the "r"…

A: Time value of money (TVM) refers to the method used to measure the amount of money at different…

Q: Calculate the simple interest rate. (Round your answer to one decimal place.) P = $4300, I = $660,…

A: Simple interest is the interest calculated on the principal amount over some time whereas compound…

Q: Suppose you invest $1,500 in an account paying 6% interest per year. How much of this balance…

A: Interest earned refers to the profit over the investment earned by the investors at a specified rate…

Q: Find the maturity value FV of the given loan amount. (Round your answer to the nearest cent.) $1,200…

A: Future value of an amount is the compounded value where the principal and interest earns further…

Q: What is the future value of an ordinary annuity that pays $4,600 per year for 4 years? The…

A: Annuity = a = $4600Time = t = 4 YearsInterest Rate = r = 7%

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A: Simple interest is defined as an easy as well as quick method for the calculation of an interest on…

Q: The maturity value of a 4-month loan of $4,250 is $4,367.50. What is the annual simple interest rate…

A: The maturity value is $4367.50. The principal amount is . The time is  months. The objective is to…

Q: A simple "EE US Treasury Savings Bond" pays the holder $1000 in 30 years. Given that the applicable…

A: To calculate  the bond cost we will use the below formula   Bond cost today = FV/[1+(r/m)]n*m Where…

Q: A borrower takes out a 30-year mortgage loan for $100,000with an interest rate of 6% plus 4 points.…

A: Effective annual interest rate is the percentage at which the amount of interest earned on an…

Q: Calculate the maturity value of the simple interest loan. (Round your answer to two decimal places.)…

A: As per the simple interest loan, The formula to be used is: A=P(1+rt)

Q: Using the Rule of 72, calculate howquickly $1,000 will double to $2,000 at interest rates of2…

A: Calculation of Time Taken to Double the Investment:Excel Spreadsheet:

Q: Find the APR of the loan given the amount of the loan the number and types of payment in the add-on…

A: Annual percentage rate (APR) : It refers to the yearly generated interest by a Principal amount that…

Q: The following loan is a simple interest amortized loan with monthly payments. $155000, 9 1/2%, 30…

A: A type of loan in which the borrower has to make a schedule for the periodic payment regarding both…

Q: The following loan is a simple interest amortized loan with monthly payments. $5000, 7 1/2%, 4…

A: Answer: Principal balance = $ 5000 rate = 7.5% time = 4 years

Q: Consider the following balance sheet for WatchoverU Savings Incorporated ($ in millions): Assets…

A: Interest on income refers to the return to be earned by the investors over the amount of investment…

Q: If a bond will pay $50 interest per year into perpetuity, at what price will this bond sell when the…

A: perpetuity: It is annuity for the infinite time. present value of perpetuity formula: present value…

Q: etermine the simple interest. The rate is an annual rate. Assume 360 days in a year.   p=​$280​,…

A: Simple interest is the type of interest that is calculated on the original amount invested in an…

Q: nd the interest rates earned on each of the following. Round your answers to the nearest whole…

A: Interest is the amount paid above the amount and is profit earned on the initial investment made.

Q: Using the rule of 72, calculate how quickly $10,000 will double to $20,000 at interest rates of 2…

A: At 2% interest rate: Number of periods = 72 / interest rate Number of periods = 72 / 2% Number of…

Q: Find the interest rates earned on each of the following. Round your answers to the nearest whole…

A: The question is related to rate of interest. Interest rate is calculated with the help of following…

Q: You plan to borrow $46,400 at a 7.6% annual interest rate. The terms require you to amortize the…

A: Loans are paid by the equal annual payments and these payments carry the payment for interest and…

Q: Find the interest rates earned on each of the following. Round your answers to the nearest whole a.…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.  Time value…

Q: Find the maturity value of $2,540 borrowed at 12 3/4% simple interest for 315 days. (Round your…

A: Present Value = pv = $2540Interest Rate = r = 123/4 = 12.75%Time = t = 315 / 365

Q: D3) Suppose the interest rate is 7.3% APR with monthly compounding. What is the present value of an…

A: Present Value of Ordinary Annuity refers to the concept which dictates the discounted value of a sum…

Q: Calculate the present value of the following annuities, assuming each annuity payment is made at the…

A: Using Excel function: =PV(rate,nper,pmt,fv,type)Option 1) =PV(9%/2,3*2,-5600)= 28,884.09Rate= 9%/2 =…

Q: If the interest rate is 6.0%, what is the present value of a perpetuity paying $265 per year? (A…

A: Perpetuity refers to a constant stream of identical cash flows at regular intervals with no end.…

Q: You plan to borrow $43,100 at an 8.0% annual interest rate. The terms require you to amortize the…

A: Given, Loan amount = $43,100 Annual interest rate (r) = 8% Number of years = 7 Annual equal…

Q: Assume a 360 day year, when a 48,000, 90 day, 8% interest bearing note payable matures, the total…

A: Total payment = Note + Interest   Interest = $48,000 * 8% * 90/360 Interest = $960

Q: Find the interest rates earned on each of the following. Round your answers to the nearest whole…

A: Interest is the amount paid above the loan amount and is profit for the lender as percentage of…

Q: Complete the following using compound future value. (Use the Table 12.1 provided.) Note: Round your…

A: Here, Particulars Values Time period (NPER) 12.00 Principal (PV)  $ 17,300.00 Rate (RATE)…