Andy buys a gaming system for $400 on his credit card that charges 2% interest compounded monthly. If he makes no payments for 4 years, choose all mathematical statements that show how much money he will owe after 4 years. 400. (1+0.02) 48 ☐ 400. . (1.02)¹2 400-(1.27) ¹ 400 - (0.02)48 400. ((1.02))¹2)4

Q: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…

A: From the given information we find the monthly payment.

Q: Jill invests $3,000 into a savings account. In five years, she hopes to generate $500 interest.…

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Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

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Q: A senior in high school will get $5000 in graduation money one year from today when finishes his…

A: A senior in high school will get $5000 in graduation money one year from today when finishes his…

Q: $350 is borrowed at a rate of 2.5% simple interest for 3 years. How much interest will be paid?

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Q: Tom invests $5,000 in an account that pays simple interest of 3%. Find the interest earned after 8…

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Q: Lupe Gonzalez has $6500 in her retirement account. Find the interest rate required for the fund to…

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Q: interest

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Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: you can buy a car for $25200 or lease the same car for 3 years for a down payment of $1500 and…

A: Consider the given information.  The basic price of the car is $25200.    If you are taking a car on…

Q: Fernando has $6,600 to invest in a saving account. He receives a steady interest rate of 3.00%…

A: Compound interest formula is used

Q: Nicholas Thomas deposits $38,000 in his school credit union for 7 months if the credit union pays 3…

A:

Q: Joaquin pawns his favorite watch for a loan of​ $120. After 30​ days, he buys his watch back for​…

A: Given P = $120, A = $140 and T = 30.

Q: Jenny start saving for retirement. She contributes $300 per month with an APR OF 2.99%. She plans to…

A: Given: Jenny contributes $300 per month with an APR OF 2.99%. She plans to do this 35 years before…

Q: A man wants to set up a 529 college savings account for his granddaughter. How much would he need to…

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Q: Carlos deposits $600 into an account that pays simple interest at a rate of 2% per year. How much…

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Q: Joe invested 7,000 into a mutual fund to save for a new car. The mutual fund compounds quarterly…

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Q: if $1200 is invested at 6% simple interest for 5 years, find the amount of interest earned.

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Q: Miguel deposits ₱135,500 in a savings account that pay 13% interest converted semi-annually. If he…

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Q: Find last year’s salary if, after a 4% pay raise, this year’s salary is $44,200.

A: salary in this year = last year salary + increment salary . Increment salary = pay raise * last year…

Q: Jessica deposits $2435 at the beginning of each semiannual period for 8 years in an account paying…

A: