Q: What can be best said about a banker whose interest rate is 20% on a one-year loan worth $1000…
A: A loan is a sum of money that is borrowed by an individual or organization from a lender with an…
Q: 3. Determine the present worth of an annuity consisting of 14 quarterly payments each S1000, the…
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A: Cash flow refers to the quantity of cash or cash-equivalent that a corporation gets or expends as…
Q: A bank is negotiating a loan. The loan can either be paid off as a lump sum of $100,000 at the end…
A: The correct answer is given in the second step.
Q: Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have…
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Q: Write the formula developed for calculating compound interest?
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Q: Why is the interest 2% instead of 8%
A: Making decisions based on the present value of cash flows is a very practical strategy. When…
Q: You opened a savings yesterday by depositing $10,000. You would like to be able to withdraw $2,000…
A: The amount that the lender charges the borrower over and beyond the principal amount is referred to…
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A: Under simple interest, compounding is done on a fixed principal.
Q: What is fractional ownership?
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A: Monthly interest rate is 2.5% per month. Then the interest rate can be calculated as follows.…
Q: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was…
A: here we calculate the interest rate charged which are as follow-
Q: When investing or saving money for retirement, which type of interest would benefit the most from?…
A: When investing or saving money for retirement which type of interest would benefit the most from?…
Q: could you show how to determine the bond's present value without a calculator?
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Q: You borrow $800 from a family member and agree to pay it back in nir months. Because you are part of…
A: Simple interest is denoted as the procedure for solving the interest amount for a given principal…
Q: Tom Evers an attorney is planning for retirement. He earns $126,000 a year and estimates that he…
A: Given, Tom earns $126,000 and estimates that he will need 80% of his salary for retirement in 10…
Q: . If you borrowed $24,000 at 12% annual interest. You agreed to repay the loan with five equal…
A: Here we calculate the following by using the given information and conclude the answer so the…
Q: If you put your $100 into a saving account which earns 5% interest, how long does it take for your…
A: Given information: Amount kept in saving account = $100 Interest rate = 5%
Q: Which is better, depositing money with a compound annual interest (10%), and the calculation is…
A: Compound interest will be interest determined on the underlying head, which additionally…
Q: Can you explain the meaning of a 20% annual percentage rate (APR) quotedby the credit card company?
A: Annual percentage rate (APR) applies to the interest rate charged annually to borrowers and billed…
Q: At what rate of interest will an investment double itself in 10 years?
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Fred takes out a loan for $1300 at an interest rate of 5% for a period of 5 years. Calculate the…
A: Interest, in the context of finance and economics, refers to the cost of borrowing money or the…
Q: A project requires an initial investment of 45,000$, has a salvage value of 11,000$ after six years,…
A: Annual net benefit (NAB) = annual revenue - annual expense So, AW = initial cost x A/P(i%, N) + NAB…
Q: What is the U.S 6 month interest rate?
A: In the mentioned question we have been asked about the 6-month interest rate of the U.S.
Q: Compare the interest rates, fees, and other items between 3 mortgage companies or banks for a 15…
A: The rate of interest is that the quantity charged on prime of the principal by a loaner to a…
Q: You borrow $500 from a family member and agree to pay it back in six months. Because you are part of…
A: Interest rate: It refers to the rate at which the person who had borrowed money from any person has…
Q: Gabe purchases a $600 bond that has 6 remaining semi-annual 7% coupon payments for $510. What would…
A: Semiannual is the adjective that describes one thing that's paid, reported, published, or otherwise…
Q: Josie wants to be able to celebrate her graduation from CSULA in 55 years. She found an annuity that…
A: First let us understand the major points in the question briefly: Investment= P500,000 for Auto…
Q: You borrow P20,000 from a family member and agree to pay it back in 6 months. Because you are part…
A: Simple interest is a method of calculating interest that ignores the impact of compounding.Simple…
Q: Whenever the interest charge for any interest period (a year, for example) is based on the remaining…
A: The rate of interest is the percentage (%) of a loaned sum that a lender charges the borrower as…
Q: A student loan with a simple annual interest rate of 2.5% must be paid back in ten years. A student…
A: Interest rate => 2.5% (simple annual interest) Time => 10 years Interest => P2000 Initial…
Q: ne person bought a DVD player for $399.00. You paid a down payment of $99.00 and agreed to pay the…
A: Interest rate has been calculate for 3 months of $10 on Principal amount . One point is remember is…
A corporate bond paying $1,000 after 36 weeks earns 0.03% simple interest per week. How much did it cost to buy?
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- Fred takes out a loan for $1300 at an interest rate of 5% for a period of 5 years. Calculate the total amount that Fred must pay back at the end of the loan period. Round your answer to two decimal placesWhy is the interest 2% instead of 8%You opened a savings yesterday by depositing $10,000. You would like to be able to withdraw $2,000 per year for each of the next 4 years of college and still have $3,000 left in the account when you graduate. What interest rate does this account need to earn? (HARD)
- Today you deposited $10,000 in a savings account paying 7% annual interest. How much should you have at the end of five years?Tom Evers an attorney is planning for retirement. He earns $126,000 a year and estimates that he will need 80% of his salary for retirement in 10 years. Tom invests him money in Citizen's Bank at 6% compounded quarterly. How much money would Tom have to put in the bank today to have enough for retirement?If you borrowed $24,000 at 12% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount repaid is interest? How much of the third annual payment is interest, and how much principal is there? If you decided to pay off your loan after the third payment, how much will you pay?
- Why would a bank lending officer be interested in thecash flow statement of a company that is applying for a loan?You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?Ella Stein paid $187.50 interest on a loan of $12,000 for 3 months. What was the rate of interest she paid?
- could you show how to determine the bond's present value without a calculator?You borrow $500 from a family member and agree to pay it back in six months. Because you are part of the family, you are only being charged simple interest at the rate of 0.5% per month. How much will you owe after six months? How much is the interest?At what rate of interest will an investment double itself in 10 years?
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