Find the present value of the given future amount. $40,000 for 20 months at 8% simple interest What is the present value? (Round to the nearest dollar as needed.)

Q: Find the future value of the loan. Round your answer to the nearest cent. =P=, $19,000r=, 6%t3…

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Q: Find the simple interest. $6000

A: Given, $6000 at 8% for 9 months

Q: $3280 at 0.3%. simple interest paid back in 9 years how much was paid in total?

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Q: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

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Q: You deposit $1800 in a bank account that pays 5% annual interest Find the balance after 7 years if…

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Q: You want to save money to finance your young son's college education. Explain the financial…

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Q: $1180 at 7.6% for 14 months find the interest

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Q: Find the future value of the loan. Round your answer to the nearest cent. P=$1000 ,r= 5%  t=8 years…

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Q: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

A: Use the table or a calculator to find the final accumulated amount and the total interest. (Round…

Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: 15000 with an interest rate of 8% compounded monthly how long will it be until the account has a…

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Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

A: Interest = (Principal * Interest Rate * Time) / 100Given:Principal = $50,000Interest Rate = 23/4% =…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

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Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: Find the interest. Round to the nearest cent. $400 at 7% for 3 years

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Q: A person 100$ in a bank account at the beginning of the month . The bank offers a return of 12%…

A: Given that: Principal amount in bank, P0 =100$ Rate of interest, i=12%

Q: nd the compound amount for the depost and the amount of interest earned. $7000 at 4.7% compounded…

A: Compound Interest: The compound interest formula is used to calculate compound interest, sometimes…

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: Find the future value of this loan. $16,634 at 5.3% for 15 months The future value of the loan is $|

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Q: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years

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Q: Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits,…

A: An annuity is a fixed amount of income that is given annually or at regular intervals. An annuity…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given Data: The principle deposited amount is: P=$6000 The rate of interest is: r=8% The time period…