EXERCISES: Fill in the correct values. Show your solutions. m Principal (P) Term Interest (P) r 9% 6 years semi-annually Balance (P) 45,025.65 412 122.25

Q: 7) You deposit $3,000 into a savings account. You earn 4% interest compounded annually. Complete the…

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Q: You have a credit card with a balance of $1,500 and APR of 15% (assume simple interest)A. What is…

A: There are 52 weeks in an year. Annual percentage rate = 15%. Therefore, weekly interest rate =0.288…

Q: Find the amount (in $) of interest on the loan. Principal $70,000 Rate (%) Need Help? 83 Read It…

A: The amount of the simple interest is calculated by adding the simple interest and principal amount.…

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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Q: Find the total proceeds (in $) from the sale of 30 bonds with a coupon rate of 8.75 and a current…

A: Consider the provided question, Given that, number of bonds = 30 Coupon rate = 8.75% current price =…

Q: Find the future value of the loan. P = $14,800, r = 3%, t = 7 years O $18,202.13 O $16,117.20 O…

A: Given data  Principal (pv)=14,800 Rate of interest r=0.03 Time period t=7 years Future…

Q: Taneen has a savings account with a balance of $50,000. Find the balance after 10 years with a…

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Q: Mrs. Tan borrowed some money from a bank that offers an interest rate of 9.7% compounded monthly.…

A: Using Excel =FV(9.7%/12,15,8432.25,-PV(9.7%/12,12*5,-8432.25)) =317036.5388 Hence option D is the…

Q: Loan Amount = $175,591 Suppose you want a 20-year instead of 10-year fixed-rate mortgage loan, and…

A: As per our guidelines, we are supposed to solve only first three subparts. Kindly repost other…

Q: Monthly payments to Repay Principal and Interest on a $1000 mortgage

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Q: You want to buy a $29,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

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Q: 6 You have a 7-year car loan in the amount $17,000 with APR of approximately 10%. Your payments are…

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Q: Tan Company purchased a large server for $20,000. The company paid 35% of the value as a…

A: Solution:

Q: On January 2021 – Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment.…

A: Given that Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has…

Q: Find the integrating factor of the non-exact differential equation : (3x²y+6xy+y³) dx+3(x²+y²) dy=0

A: Given a differential equation, 3x2y+6xy+y3dx+3x2+y2dy=0. To find the integrating factor of the given…

Q: Complete the table.  Interest  Principal  Rate  Time (Days)  P300  P30,000  8%    P450…

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Q: You are taking out a new loan of $80,000 that includes an origination fee of 1.0%. How much money…

A: Question of Business math. To calculate the origination fees of a loan.

Q: 7. Suppose you buy a new car for $22,000. You put down $1500 and take out a loan for the rest. You…

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Q: Question You want to take out a $140,000 mortgage (home loan). The yearly interest rate on the loan…

A: From the given information, The amount of loan P0=140,000The rate of interest r = 6%The length  of…

Q: Q4: A bank borrowed a company $130,000 to adjust a building. This loan is for 3 years at Compound…

A: For a given amount and rate of interest at 8 percent and time period is 3 years

Q: You want to be able to withdraw $25,000 each year for 15 years. Your account earns 4% interest. How…

A: To calculate the amount that needs to pay at the beginning to able to withdraw $25,000 each year for…

Q: Find the balance and interest of $4200 deposited at 2.7% for 5 years.(round to the hundredths place)…

A: Given that $4200 is deposited for 5 years at 2.7% rate of interest,which is compounded annually. We…

Q: Lashonda takes out a loan for her college tuition from a bank that charges simple interest at an…

A: using,   simple  interest = p×r×t where, p= principal              r= rate%             t= time .

Q: Your credit union offers to finance a $6000 conventional loan at 4% to be repaid in four years of…

A: Here we have,  The loan amount = $6000 rate r=4%12=412×100=0.0033 Time t = 4 years  Number of the…

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

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Q: Peter opens a bank account with $ 12,800. The interest rate is 7% % compounded quarterly. Calculate…

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Q: A man borrows ₱40,000 loan at an interest rate of 4% for 8 years. QUESTION: If the loan is made…

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Q: Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7%…

A: To Find: The monthly payments and the total interest for the loan.