amount of $43,000 is borrowed for 8 years at 5% interest, compounded annually. If the loan is paid in full at the end of that period, how much must be paid back? Use the calculator provided and round your answer to the nearest dollar

Q: Mr. oniel borrows $750 for 4 months at 6% interest how much interest does he pay.

A: Given,            Mr. oniel borrows $750 for 4 months at 6% interest.To find : How much interest…

Q: A loan of $29,000 is made at 8.25% interest, compounded annually. After how many years will the…

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Q: amount of $50,000 is borrowed for 13 years at 4.5% interest, compounded annually. If the loan is…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

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Q: $10,000 is deposited into an account that pays 2.4% interest compounded quarterly. How much money is…

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Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…

A: This question related to simple interest and solution is given below.

Q: a person earned $20.16 interst during the year, at 3% interest how much money did this person have…

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Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

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Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

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Q: An investment of $4,500 was deposited into an account that pays 7% annual interest. How much money…

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Q: Frank invests $ 4500 dollars into an account earning interest compounded quarterly. After 7 years…

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