A family has a $148,820, 25-year mortgage at 6.6%

Q: Your local credit union is offering a certificate of deposit at 5% annual interest. What will be the…

A: Your local credit union is offering a certificate of deposit at 5% annual interest. We need to find…

Q: find the monthly mortgage loan payment for a $187,000 loan at 4.0% for 20 years.

A: The objective of this question is to calculate the monthly mortgage payment for a loan of $187,000…

Q: Compute the amount of interest for $577.00 at 9.38​% p.a. from December 29, 2006 to January 18,…

A: In the question it is asked to calculate the amount of interest from the given data given. Principle…

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: $102 is invested in an annuity at the end of every month at 8.5%.  Find the value of the annuity at…

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Q: Calculate the dividends paid to a shareholder who has 400 shares of a stock that is paying an annual…

A: The dividends paid will be calculated by the formula, Dividends paid= Annual dividend per share *…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: A bond has a 14000 face value, an 8 year maturity and a 3.05 coupon. Find the total of the interest…

A: Face value = 14000 Coupon = 3.05% Thus interest rate = 3.05% = 0.0305

Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: A woman deposit $290 of her quarterly checks into an annuity for the education of her child. She…

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Q: The minimum monthly payment for Brian's credit card is 3.5% of his balance or $25, whichever is…

A: Brian's balance at the end of his billing cycle=$722 The minimum monthly payment for Brian's credit…

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: interest

A: we know that simple interest formula simple interest =P×R×T100where P is principal amountR is…

Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

Q: Determine the amount to be paid back if $6500 is borrowed for 9 years at 2.5% compounded annually.

A: We have direct formula for compound maturity amount, i have used that.

Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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Q: 36,000 is invested at 5.5% compounded annually for 8 years. a. Find the final amount b. Find the…

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Q: Ransford and Alda Mariano own a home recently appraised for $426,500. The balance on their existing…

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Q: You own a home that was recently appraised for $390,000. The balance on your existing mortgage is…

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Q: Tom and Linda have been approved for an $185,000, 15-year mortgage with an APR of 5.35%. What will…

A: Since the given term is APR then we have to compute simple interest. The formula for simple interest…

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

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Q: The Small Business Administration offers business loans at 5.8% interest compounded monthly for 8…

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Q: Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is $7868.…

A: Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is…

Q: A mutual fund pays a yearly interest of 3.4%. If you invested $7,000 for 5 years, what is the value…

A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

Q: Use the​ add-on method to determine the monthly payment for a ​$9,000loan at 6​% interest for three…

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

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Q: Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

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Q: You bought a bond with 8% coupon rate, 10 year maturity, and $1000 par value for $1,039 one year…

A: We have coupon rate =8% Coupon Amount = face value×coupon rate=$1000×0.08=$80 Total return = (Income…