Harv, the owner of Harv’s Meats, knows  that he must buy a new deboner machine in 4 years. The  machine costs $12,000. In order to accumulate enough money  to pay for the machine, Harv decides to deposit a sum of money  at the end of each 6 months in an account paying 6% com-pounded semiannually. How much should each payment be?

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Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

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A: We can say it true or false with reason as below.

Q: How much should Winona deposit in his savings account so that he will be able to withdraw ₱580,450…

A: We will find out the required value.

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately,their savings…

A: Given: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their…

Q: How long will it take to pay off a student loan of $20,000 if the interest paid on the principal is…

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Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

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Q: loan

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Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…

A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years

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A: Percentage is expressed using sign .can be written as .

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A: Colin's previous due is 14,498. So, if he breaks up his past due balance equally for the next year,…

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A: Given: Principal= $11500 Minimum monthly payment = 1.9% of interest per month + 2% of Principal…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Here we have given that r=15%=15100=0.15. The monthly loan payments are designed in such a way that…