An amount of $25,000 is borrowed for 5 years at 4% 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: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: How long will it take for $3000 to grow to $43000 at an interest rate of 8.1%. if the interest is…

A: Let's find.

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: If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan,…

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Q: A loan of $1500 is repaid with a check for $1575. If the annual simple interest rate was 6%, what…

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Q: For 8 years, $33 is deposited each week into an account that earns 2.1% interest, compounded weekly…

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Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

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Q: To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16 years.…

A: Given that, To save for retirement, Karla Harby put $325 each month into an ordinary annuity for 16…

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

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

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Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: To save for retirement, Karla Harby put $475 each month into an ordinary annuity for 18 years.…

A: Amount karla put before interest (P) = 475 Tenure (t) = 18 years = 18 *12 Intrest will be compounded…

Q: A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded…

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Q: What interest would be charged on a loan of $3000 at 4% interest for 1 ½ years?

A: Given information,

Q: A payment of $1500 is due in three months. Find the equivalent value at nine months if the interest…

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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: The present value of $1500 in 6 months at 5% simple interest rate is Round answer to the nearest…

A: As per the concept of simple interest:FV=PV×(1+Rt)          Equation 1HereFV is the future value of…

Q: A loan of 18,000 is made at 4.5% interest, compound annually. After how many years will the amount…

A: Given, Principal = p = 18,000Rate of interest = r = 4.5%  compounded annually Amount = A  ≥24, 000…

Q: Given the principal of $5000 and an investment that pays 8% interest, compounded monthly. How much…

A: Consider the given information.   The principal amount is $5000 at the rate of 8% and invested for 7…

Q: If $1000 is deposited in an account that pays interest quarterly, and if the money grows to $1150…

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