A bank features a savings account that has an annual percentage rate of 3.1 % with interest compounded monthly. Samira deposits $2,500 into the account. How much money will Samira have in the account in 1 year? Answer S Round answer to the nearest penny. What is the annual percentage yield (APY) for the savings account? APY Question Help: Video 1 Video 2 Message instructor %. Round to the nearest hundredth of a percent.

Q: down payment     $  mortgage     $

A: Solution:

Q: Find the simple interest earned. Round percent's to the tenth or hundredth of a percent. Jean…

A:

Q: You deposit $980 in a savings account paying 3.8% simple interest. How much interest will you earn…

A:

Q: At age 30, Julio starts a retirement account. He deposits $145 at the end of each month in an…

A: The deposit monthly  $145  APR=3%=0.03 a) A=Pmt x 1+APRnnT-1APRn................equation 1 Here,…

Q: Answer

A: We find required amount.

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: d 500 as a monthly payment for a new car. Your bank offers car loans at 4.5% APR for 3 years. How…

A: Introduction: The formula for the monthly payment is given by, M=Pr1+rn1+rn-1 Where P is amount of…

Q: Alex takes an auto loan of amount $25,000. He has to repay X at the end of each month for the first…

A: Solution:

Q: You deposit $1550 in a savings account paying 3.7% simple interest. How much interest will you earn…

A:

Q: Raj purchases a new home for $130,000. The value of the home increases by 5% every 3 years.…

A: The exponential growth is represented using the equation: f(t)=a1+rt, where a is the initial value,…

Q: Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is…

A:

Q: Quick Service Gas Station has its regularly-priced $160 tune-up on sale for 25% off the regular…

A: Given that, the regular price is $160 and offer on regular price is 25%.

Q: Jenny start saving for retirement. She contributes $300 per month with an APR OF 2.99%. She plans to…

A: Given: Jenny contributes $300 per month with an APR OF 2.99%. She plans to do this 35 years before…

Q: Danielle lent $6139 at 3.26% p.a. on March 27, 2014. Calculate the amount of interest she should…

A:

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: The face value of a 97-day Treasury bill is $30,000. The interest rate is 2.96%. The purchaser buys…

A:

Q: You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26…

A: Here we have to find the sale charge percent

Q: Carol borrows $25,993 to help pay for expenses. The loan is for 6 years and carries an annual rate…

A: Principal amount    P  = $ 25993 Period   n = 6 years Rate of interest  r = 4.5 / 100 = 0.045…