A bond with a face value of $13,000 and a 4.8% interest rate (compounded semiannually) will mature in 7 years. What is a fair price to pay for the bond today? A fair price to buy the bond at would be $ (Round to the nearest cent as heeded.)

Q: You can get a car loan with a term of three years at an apr of 3%. If you can afford a monthly…

A: Given: interest rate per annum is= 3%, monthly payment= $300, time=3 years To find the amount of…

Q: A bank offers a CD that pays a simple interest rate of 8%. How much must you put in this CD now in…

A: The percentage is a ratio expressed as a fraction of 100. The percentage is denoted by the symbol %.…

Q: In order to start a small business, a student takes out a simple interest loan for $7000.00 for 6…

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Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$6,600 per…

A: Given that $6,600 per year can be withdrawn for 7  years, with the first withdrawal to start four…

Q: What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest…

A: Given information Principal amount P=$3,000 Rate of interest r=10% Amount of interest is I=$125.00…

Q: If $5,000 is borrowed at a simple interest rate of 3.70% p.a., calculate the interest charged for 10…

A: Simple Interest: Simple interest is a method of calculating interest on a loan or investment based…

Q: You buy a bond with a face value of $2,000. The maturity date is 5 years from the time it was…

A: Given information:A bond with a face value of $2,000. The maturity date is 5 years from the time it…

Q: Use a calculator to evaluate the present value of an annuity formula P = m   1 −   1 +  r n   −nt…

A: Given formula: P=m*1-1+rn-ntrn Given information: n=12 m=$1050 t=9 yr r=6%.

Q: A stock is expected to pay $1.10 per share every year indefinitely and the equity cost of capital…

A: To find the price an investor is expected to pay per share ten years in the future, we can use the…

Q: c) How long will it take for a sum of money lent at 5.70% simple interest become double of itself?…

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Q: Suppose you have budgeted $ 1130 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Given that, the monthly payment towards a mortgage is $1130, the number of years is 30 years and the…

Q: A. The amount of interest is ​$ ​(Round to the nearest cent as​ needed.) B. The future value of the…

A: Let's calculate the simple interest and future value of the loan in detail:Simple Interest…

Q: Use the simple interest formula to determine the missing value. p= $943.66, r= 3.5%, t= ?, i =…

A: Given:p = $943.66,   r = 3.5%,   i = $198.17

Q: You want to purchase a bond that has a face value of $40,000

A: Given, Face value of the bond: F=40000 Quarterly interest payment: I=40000×8100×14=100×8I=800 Yield…

Q: In order to start a small business, a student takes out a simple interest loan for $3000.00 for 6…

A: Given that the principal amount is $3000 for the time of 6 months with the simple interest rate is…

Q: 2. You purchase a CD for $1000 on which you will earn 2.4% simple interest for each year of the…

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Q: Suppose you borrow $500 from a payday loan company and you agree to pay back $550 in three months.…

A: Suppose you borrow $500 from a payday loan company and you agree top ay back $550 in three months.…

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: You have just sold your house for $1,100,000 in cash. Your mortgage was originally a​ 30-year…

A: Given: n = 360 FV = 0 PV = 750,000 rate = 5.25%/12 = 0.4375%

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. c. If you pay…

A: Given that, loan amount P=$175,000, monthly payment PMT= $975, Interest rate r=4.5% and frequency of…

Q: What is the simple interest rate on a $1650 investment paying $176.72 interest in 5.1 years? %…

A: Principal amount is 1650, interest is 176.72 and time is 5.1

Q: 2. 9-5 9 + 6y 11 cosh x

A:

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

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Q: A loan is repaid with payment of $7209 at the end of each quarter for 11 years. If interest on the…

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Q: Consider a 30-year fixed-rate home loan of $515,500 with an interest rate of 3.75%. What is the…

A: Let  L, c and n denote the loan amount, the rate of interest per payment and the number of payments.…

Q: 4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a…

A: The simple interest formula is: A=P(1+rt)