Find the annual revenue

Q: Elizabeth went on a fabulous vacation in May and racked up a lot of charges on her credit card. When…

A: Average Daily Balance = sum of (Daily balance * no. of days) / total number of days

Q: Bill's mortgage balance is $70,000 with a 7% annual interest rate. His monthly payment is $465. What…

A: Given that; Mortgage balance =$70,000 Annual interest rate = 7% Monthly payment = $465 Monthly…

Q: On March 25, you borrow some money for 120 days.  What is the maturity date?

A: Remaining Number of Days in March - (31-25) = 6  Number of Days in April - 30 Number of Days in May…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: You can afford a $350 per month car payment. You've found a 3 year loan at 6% interest. How big of a…

A: Monthly payment that can be affordable is equal to $350 So A=350 The rate of interest  is 6% per…

Q: An account was opened with $1,000 three years ago. Today, the account balance is $1,150.30. If the…

A: Interest is an amount earned on any investment. It can be basically classified as• Simple Interest…

Q: You purchased a winning ticket for a $5 million lottery which pays $500,000 immediately and the rest…

A: Here in this question, To decide whether we have to go with the deal or not. We have to find the…

Q: Table 14-1: Monthly Payments to Amortize Principal and Interest per $1,000 Financed Monthly Payments…

A: Monthly PITI (Principal, interest, tax , insurance) = monthly PI + Monthly tax + monthly insurance…

Q: What is fractional ownership?

A: Ownership:The term ownership refers to the legal right or exclusive right over the commodity. For…

Q: When investing or saving money for retirement, which type of interest would benefit the most from?…

A: When investing or saving money for retirement which type of interest would benefit the most from?…

Q: Summarizes some of the interest formulas?

A: Simple interest = (P*R*T)/100 where, P : Principal amount            R : Rate of interest per annum…

Q: How can we calculate the effective interest rate, altering the period value?altering the period…

A: The effective interest rate refers to the rate of interest that is paid on an investment or loan or…

Q: In a mortgage/trust deed form of loan the terms of payment and interest rate would be found on the…

A: Trust Deed is the agreement signed when one person or party wants to purchase a property then for…

Q: The problem describes a debt to be amortized. (Round your answers to the nearest cent.)  A man buys…

A: The payment is made semi-annually. Thus, the time period is 24 semi-annual (12 years) period.…

Q: jerry bought a house for $400,000 and made an $80,000 down payment. the rest of the cost was paid…

A: Jerry purchased a house for $400,000 with an $80,000 down payment and financed the remaining cost…

Q: hi the Rebate Fraction is incorrect

A: In this case, we have to discuss the rebate fraction. Rebate fraction is actually indicating the…

Q: At what rate of interest will an investment double itself in 10 years?

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Fir a $5,000 loan repayment over 2 years at 12%. Find the monthly payment

A: Introduction: The loan amount is $5000 which has to repay in 2 years by making monthly payments.…

Q: A financial institution (loan shark ) is willing to lend you $400. You pay $450 after one week. a)…

A: The effective interest rate will be including the compounding period into consideration while…

Q: Maria takes out a 30-year mortgage at 5.5% to buy a house that costs $280,000. She must have a down…

A: Note: As per the guidelines, we are allowed to only answer up to 3 sub-parts, so we will answer the…

Q: What is the U.S 6 month interest rate?

A: In the mentioned question we have been asked about the 6-month interest rate of the U.S.