B Determine the interest payable on a simple interest loan of $412 with an interest rate of 12.4% for 2 years. A $102.18 B $66.45 C $73.93 D $42.62 E $51.09 4 A company has 765 500 shares. When $985 500 of its annual profit is distributed to the shareholders, the dividend payable per share is: A $5.33 B $1.28 C $0.78 D 1.29 E $0.77

Q: Miroslava has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

A: option b is correct  at the end of 15 years Miroslava have balance $175,500.40 using the formula for…

Q: 1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months.…

A: Principal (P) = $ 4000 Rate (R) = 4.5 % per annum Time (t) =4 months = 412 years = 0.33 yr As,  12…

Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: Henry deposits $7500 in an account earning 2.75% interest compounded monthly. What is the balance in…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

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A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

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A: Step 1: Given Value for Calculation  Compound = Monthly = 12Monthly Payment = p = $740Interest Rate…

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

A:

Q: 17 Theo invested $3000 at 8% p.a. compound interest for 2 years. Calqulatę the interest earned. C409…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose that you decide to buy a car for $30,635, including taxes and license fees. You saved $8000…

A:

Q: Find the amount of compound interest earned. 5) $5000 at 6% compounded annually for 3 years

A: Recall the following fact.

Q: 1. Kevin invests $725 at 5.2%/a simple interest. What is the total amount in Kevin's account at the…

A: For principal amount P, and simple interest r%/a, the amount after t years         = P(1 + rt/100)

Q: You can afford monthly deposits of $120 into an account that pays 2.4% compounded monthly. How long…

A:

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Montserrat has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

A:

Q: Fritz Benjamin buys a car costing $21500. He agrees to make payments at the end of each monthly…

A:

Q: A farmer purchased 285 acres of land for $4,300/acre. He paid 25% down and obtained a loan for the…

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