A time deposit of $110,000 of 31 days earns $900 on maturity date after deducting the 30% withholding tax interest income.find the rate of interest per annum

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: write the formula for the future value of the annuity. F=P1+iN-1i Here, i is the interest rate that…

Q: find the maturity value of an investment of $1200 invested at 6% simple interest for 5 years

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Q: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

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Q: You began saving for retirement at age 25 by contributing $550 per month at an APR of 6% compounded…

A: You are depositing $550 per month You deposits a total of 40 years.

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 monthly payment and estimate the remaining balance. Assume interest is on the unpaid…

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Q: Find the interest rate for each deposit and compound amount.  $8000 accumulating to $11,672.12,…

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Q: Jennifer earned $ 42.55 interest over the period of 146 days on a term deposit that pays 5.75 % per…

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Q: Find the amount of money owed at the end of 5 years if $60,000 is borrowed at 7% per year compounded…

A: Here we have to find amount of money at the end of 5 years if money borrowed is $60, 000 at 7% rate…

Q: Find how much interest $25,000 earns in 4 years in a certificate of deposit paying 9.5% interest…

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Q: Find the present value of the ordinary annuity. $170/month for 15 years at 4%/year compounded…

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Q: jim borrows $500 at 17% per annum compounded quarterly for 2 years. Determine the interest due on…

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Q: Determine the amount due if $8000 is borrowed for 6 years at 4.7% compounded annually

A: The amount borrowed, c=$8000. The time period, n=6. The compound rate of interest, i=4.7%. Need to…

Q: Mr. Fix-It purchased a service truck for $32,400. It has an estimated useful life of 3 years and a…

A: Standard depreciation schedule is considered, Mr. Fix-it purchased a service truck for $ 32400. It…

Q: A loan worth $5600 collect simple interest each year for 12 years. At the end of the time, a total…

A: The full form of APR is annual percentage rate which is annual rate of interest charged on loan.

Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.