Chau neads $ 6924 for a futue He Can nvest $6000 now at an of 4.2%,componded monthh

Q: Cody borrowed $9100.00 from his credit union. He agreed to repay the loan by making equal monthly…

A: Solution:

Q: eposits $8600 in a bank account that pays a simple interest rate of 6.5% per annum. find how long it…

A: Given that  Principal amount (P) = $8600 Interest rate (R) = 6.5% per annum = 0.065   We know that…

Q: Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4 years.

A: To Calculate the amount of interest on an investment of AED 160,425 at 8% simple interest for 4…

Q: The principal P - $6300 is borrowed at simple interest rate r= 4.5% for a period of time t= 16…

A: Solution:-    Given   P=$6300                                       r=4.5%…

Q: Mr. John borrows money from a friend with simple interest of 12%, find the present worth of $25,000…

A: If the interest is simple, then the formula used is A=P(1+rt), where A is the final amount, P is the…

Q: fi

A:

Q: Yoy deposit $200 each month in an account earning 3% interest compounded monthly. How much total…

A: Given that $200 deposited each month in an account and earning 3% interest compounded monthly.

Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

A:

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: You put ​$200 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A:

Q: An investment of $75,000 increases at a rate of 12.5% per year. Find e value of the investment after…

A: An investment of 75,000 increases at a rate 12.5% per year. Find the value of the investment after…

Q: Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12% compounded at the…

A:

Q: You take a loan from your local bank. Determine the interest that is accrued on $7000 for five years…

A:

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: Joe invests $500 into an account earning interest compounded monthly. Determine the rate if there…

A: The formula for the compounded amount is given by A=P1+rnnt where A is the compounded amount, P is…

Q: Find how much should be invested to have $16,500 in 9 months at 9.7% simple interest.

A: It is an important part of statistics . It is widely used .

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: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

A:

Q: Compute I. P = $4500, r = 6%, t = 14 months

A: As we that the expression for the simple interest: I=P×r×t100 Where: 'P' is the principal, 'r' is…

Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%

Q: A $2,500 bond earns 4.5% simple annual interest. How much is the bond worth after 18 months?

A: Given :-  Principle amount,P = $2500  Rate,r = 4.5% = 0.045  Given Time = 18 months 1 Year = 12…