find the amount that must be repaid. $8563 borrowed at 15.5% simple inteeest. what total amount to be repaid 3 years, 125 days later? round to nearest cent.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 6.6%, t = 23 days

A: The given data .The objective is to find the simple interest earned.

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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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

Q: Use this table to find the monthly mortgage payments, when necessary. Roberto has a mortgage of…

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Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 52% for…

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Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is…

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Q: Find the monthly payment for the loan. Round to nearest cent. Finance $852000 for an apartment…

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Q: $1,400, at 8% interest, for 42 months

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

A: