Find the amount of non owed at the end of 4 years if 7,100 is borrowed at 6.5% per year compounded quarterly and no payments are made on the loan. ( simplify your answer completely. Round your answer to the nearest cent.)

Q: Find the accumulated amount at the end of 11 months on a $2100 bank deposit paying simple interest…

A: Given, period=11 months Amount= $2100 interest at a rate of 9%/year. To find the accumulated amount…

Q: Find the present value of $10,000 in 9 months at 9.2% interest Give your answer to the nearest…

A: Given that The  total amount A=$ 10000Interest rate r=9.2%=9.2100=0.092Time t=9 months =912=34=0.75…

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A: The expression used to evaluate the amount in compound interest is as follows: Amount =P1+r100nnt,…

Q: A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can the homeowner…

A: Given that  A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can…

Q: Find the simple interest (in dollars) due on a 31-day loan of $950 if the annual simple interest…

A: The provided information is as follows:The principal amount is .The total number of days is .The…

Q: You put $500 into an account paying 2% compounded monthly. What size can you withdraw at the…

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Q: Kelly paid off his student loan in 3 years by making payments of $650 at the beginning of every…

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Q: xander received a $22,950 loan from a bank that was charging interest at 4.25% compounded…

A: The loan amortization formula iswhere A is the period payment, P is the loan amount, i is the…

Q: Find the principal to get $1000 after 2 years at 6% compounded quarterly?  Round to nearest cent.

A: It is given that, the amount after 2 years is A = $1000, n = 4 since compounded quarterly, r = 0.06.…

Q: Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 7 years of…

A: Amount of Loan = $150,000Annual Interest Rate = 3%Monthly Interest Rate = 0.25%Period of Loan = 25…

Q: Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra…

A: Given that, the goal is to save an extra  over the next  years.To find the amount must be deposited…

Q: Al the end of each month, $300 is deposited into a savings account paying 2.9% interest compounded…

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