a) $126

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: Question 7 A promissory note to Bobby for $6000 at 7% annual simple interest from May 5 to…

A: According to the question,  Face Value = $6000 Bank Discount Rate = 7% = 0.07 Time Period = 123 days…

Q: What is the future value of $100 next year. If discount rate is 5% annually

A: Present value = $100  Discount rate = 5%  Future value = PV * (1+i)

Q: If a sum of $5,000 is deposited annually in an account that pays 6% annually, what is the amount…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Housing Prices Consider a 1,500 square foot house, which rents monthly for $0.75 per square foot.…

A: Given information, the-square-foot house, which rents monthly for $0.75 per square foot. Prevailing…

Q: An account was opened with $1,000 three years ago. Today, the account balance is $1,150.30. If the…

A: Interest is an amount earned on any investment. It can be basically classified as• Simple Interest…

Q: To purchase $14,700 worth of machinery for her business, Ivanna made a down payment of $1700 and…

A: A sort of funding called a business loan is given to companies or entrepreneurs to help with…

Q: A building is priced at $100,000. If a downpayment of $40,000 is made, an a payment of $1,000 every…

A: The loan tenure compounded monthly can be calculated with the help of the following formula:…

Q: If $1,134,000 of 11% bonds are issued at 102 1/2, the amount of cash received from the sale is…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: A corporate bond paying $1,000 after 36 weeks earns 0.03% simple interest per week. How much did it…

A: The bond gives simple interest  A = P + (P*r*t)/100 A= future value  P= Present value  r= interest…

Q: Kathy Hansen has a revolving credit account. The finance charge is calculated on the previous…

A: When a repayment is made, the credit balance in the account is decreased. Additionally, the balances…

Q: A 3-month $28,000 treasury bill with a simple annual discount rate of 0.27% was sold in 2016. Assume…

A: Treasury bill:Duration = 3 monthsFace value = $28,000Simple annual discount rate = 0.27%Year = 2016…

Q: c and d please

A: Let's give it a try! I hope it provides some useful information. Part (c): Production Amounts and…

Q: Runer has donated $500,000 to endow a university professorial chair in Bohemian Studies. If the…

A: The amount of donation was = $500000 The interest rate earned by the money = 8.5% Withdrawn made for…

Q: i=2% Inflow (+) Outflow (-) 1 P=? 5,000 2 3 5,000 X 4 5 6 t in years Note the cash flow series in…

A: Cash flow describes the movement of money into and out of a business or individual's financial…

Q: allie has won a lottery that pays her $135,000 at the end of this year and increases by 11.25% per…

A: Present worth is the sum of money that must be invested to achieve a particular future goal. Future…

Q: 11) You would like to have $8 500 for future spending in three years from now. How much should you…

A: here we calculate the present value by using the future value and choose the correct option which…

Q: You need to borrow $250,000 right now and can repay the loan in 9 months. Since you want to pay as…

A: Given; Amount needed to be borrowed= ₱250000 Time= 9 months Formula to calculate future value:-…

Q: Expense Amount Mortgage (monthly) $985.64 Cell phone (monthly) $58.30 Groceries (twice a month)…

A: From an individual to a whole family or organisation, anyone can benefit from budgeting, as long as…

Q: You invested $5131 for 9 years at 4.82% per annum. How much more would you receive at the end of the…

A: Compound interest (otherwise called "compounding interest") is the interest on a credit or store…

Q: 1) You have a goal of saving $1500 over 6 years. Assuming bank interest rates are 5%, What annual…

A: Here we calculate the annual deposit amount by the following method as follow;

Q: Given that the cash ratio or reserve ratio of ZM bank is 10%, if a deposit of K100 is made, how much…

A: Overall growth in deposits = Initial deposit * Multiplier

Q: a) A person plans to deposit 100000 in the first year in his savings account. He reduces his deposit…

A: Disclaimer :- as you posted multiple questions we are supposed to solve the first one only as per…

Q: In leasing, the servicing and maintenance are done by the landlord even if the tenant rents the…

A: A lease is a contract in which the owner (lessor) of equipment conveys the right to use the…

Q: What is the total cost of interest?

A: Total cost of interest = (monthly MorTgage Payment x Year x 12) -(Loan Amount ) Monthly Mortgage…

Q: tion 7 nortization of a debt is in a form of a gradient series of P20,000 on the first year, P19,500…

A: Given that, Gradient series is for 4 years. PW of amortized debt = cashflow / (1× rate)time NPV is…

Q: Write two conditions which must be followed for a receipt to be called capital receipts

A: The non recurring and non routine receipts are called capital receipts.

Q: What is the definition of Annual Percentage Rate (‘APR’) for a loan? Why is it typicallydifferent…

A: There are various methods to calculate interest rates and the amount of interest varies according to…

Q: The net distributable estate of Mrs. Sim, who died intestate, is 5,000,000. The surviving relatives…

A: As per the rules of intestacy, a person who dies without leaving a will is called an intestate…

Q: A man purchased a car with a cash price of P350,000. He was able to negotiate with the seller to…

A:

Q: An engineer needs a loan to get his company started. The bank asks that he pay back $1,000 the first…

A: (a) Amount of loan taken by the engineer is the present value of all the payments he is required to…

Q: Assume I won 8 million dollars in a lottery. I could take my winnings in installments of 2 million…

A: Assume I won 8 million dollars in a lottery. I could take my winnings in installments of 2 million…

Q: Find the level of a APS when the income is given as $930 the savings are $843

A: Generally in the question, Income is = $930 Savings are = $843 APS = ?

Q: The problem describes a debt to be amortized. (Round your answers to the nearest cent.)  A man buys…

A: The payment is made semi-annually. Thus, the time period is 24 semi-annual (12 years) period.…

Q: R-61 [Review Question] I. F=A(F/A, 1%, 6) II. F=A(F/A, 1%, 5)(P/F, 1%, 1) III. F=A(P/A, 1%, 5)(F/P,…

A: Given information: Annuity = A Years = 6 Interest rate = %

Q: 11) You would like to have $8 500 for future spending in three years from now. How much should you…

A: The current value of a future sum of money or stream of cash flows, given a specified rate of…

Q: is the official minimum rate at which the central bank of a country is prepared to rediscount…

A: According to the given question OPTION(b) IS THE CORRECT ANSWER THAT IS THE BANK RATE

Q: A charity organization will donate for the education of indigent students. The donation will be…

A: The given problem can be represented using a cash flow diagram.The interest rate is 20% compounded…

Q: 13. Darren claims an eatery and needs to decide his normal income over a long- term period. After…

A: Average yearly income is calculated by summing the yearly incomes of all the years and dividing the…

Q: Bob has made the following table to compute the finance charge for his March credit card bill. Bob…

A: The interest rate on credit card will be computed as the Annual Percentage Rate (APR) of charge. The…