Determine the amount owed on a 750$ loan after 2 years at 12% interest compounded semi annually.

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: Please calculate the amount and interest from $15,000 at 8% for 2 years compounded quarterly using…

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Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

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Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

Q: Determine the amount due if $8000 is borrowed for 6 years at 4.7% compounded annually

A: The amount borrowed, c=$8000. The time period, n=6. The compound rate of interest, i=4.7%. Need to…

Q: Find the simple interest earned on 5,000 deposited 40% for 10 years.

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