Hans borrowed $8000 at a rate of 17%, compounded semiannually. Assuming he makes no payments, how much will he owe after 9 years? Do not round any intermediate computations, and round your answer to the nearest cent.

Q: If $10,500 is borrowed for 5 years at an annual simple interest rate of 1.73%, how much interest…

A:

Q: Sara borrowed 25,500 to purchase a new car .if the rate on the loan is 8%compounded quarterly , how…

A: Given Information -  Amount borrowed by Sara = 25,500 Rate of interest = 8% Time period of loan = 5…

Q: Wayne was late in making a $3,500 payment to Dora. If Dora accepted a payment of $3,801.75 and…

A:

Q: Amy received a loan of $59,000 from the bank at 4.50% compounded monthly. If he had to repay $300 at…

A:

Q: Find the amount of money owed at the end of 5 years if $60,000 is borrowed at 7% per year compounded…

A: Here we have to find amount of money at the end of 5 years if money borrowed is $60, 000 at 7% rate…

Q: You can afford monthly deposits of $250 into an account that pays 2.4% compounded monthly. How long…

A:

Q: Kevin takes out a $350 000 mortgage for 30 years at 2.05% annual interest compounded quarterly. His…

A: The EMI i.e. the monthly payment required to be done by Kevin includes the interest component to be…

Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

A:

Q: I will invest Nu. 500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I…

A: Given information Quarterly deposit P=$500 Annual interest rate  r=7.3% Period of paymentn=32 years…

Q: To help pay for college expenses, Julie Davis borrowed $10,000 at 7% interest compounded…

A: Given data, Principal P=$10,000 Rate r=7%=0.07 Time t=8 years Compounded semi-annually n=6

Q: Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum. What is…

A: Given :- Suppose that Juanita borrows $500 for 6 months at the simple interest rate of 9% per annum.…

Q: Beth has a $12 000 student loan that she needs to repay. Payments are made monthly for the next 2…

A:

Q: If you borrowed $10,000 for 9 months at 12% annual simple interest, how much must you repay at the…

A:

Q: Frank borrowed $8000 at a rate of 16.5%, compounded quarterly. Assuming he makes no payments, how…

A: Principal, P=$8000Rate, r=16.5%=0.165n=4 (since interest is compounded quarterly)Time, t=10 years