If you give $1000 as a deposit for rent and it accumulates at 4% simple interest, how much money in total would the landlord have to give back to you in 3 years when you stop renting?

Q: A deposit of $495 earns 3% p.a. interest compounded monthly, how much money will be in the bank…

A: Given information, Principal amount (P): $495 Interest rate (r)= 3% Compounding period (m): 12…

Q: With an interest rate of 7%, how much money can be lent now if $15,000 will be repaid at the end of…

A: Interest rate (r) = 7% or 0.07 Accumulated amount (A) = $15000 Time period (n) = 5

Q: If you deposit $2,042 today in a savings account that pays 8% interest annually, how much would you…

A: Given: Principal (P) = $2042 Interest rate (R) = 8% annually Time (T) = 5 years

Q: You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How…

A: Monthly Mortage payments is  M = $800The annual Interest Rate is      7% The monthly interest rate…

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: Kathy buys a tv set fir 12,500 cash after 60 days. Kathy wishes to pay immediately and the seller…

A: F = 12,500 Interest rate, i = 0.08 Time, n = 60 days or 60/360 We know that F = P[1+i(n)]

Q: Calculate Savings rate when income is $22000 and the APS is 0.48

A: APS is the average propensity to save. It is the ratio of savings and income.

Q: Tom makes annual payments of $12,204.21 per year on a loan. The loan was set at $42,000 at an…

A: Tom makes annual payments of $12,204.21 per year.The initial loan amount is $42,000.The interest…

Q: If you borrow $12,000 at 20% interest rate for 5 years, what is your ordinary simple interest in…

A: Simple Interest refers to the money that is paid only on principal. Principal is the money that is…

Q: lla Stein paid $187.50 interest on a loan of $12,000 for 3 months. What was the rate of interest she…

A: Interest amount =$187.5 Loan amount =$12000 Time=3 months

Q: -An individual deposits $1,500 in a savings account that pays 3% interest annually. How much will…

A: Given information,  Principal amount (P): $1,500 Interest rate (r): 3% annually Time period (t): 5…

Q: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was…

A: here we calculate the interest rate charged which are as follow-

Q: On June 3, 2022 Fred loaned 198143 in a bank. It was agreed that he will pay the amount with 11.2%…

A: Introduction BANKERS RULE The rule used to calculate simple interest when applying the United…

Q: If you deposit dollar 10000 into a fund paying 6% interest compounded monthly. how much can you…

A: Given the present value in the fund = 10000 Interest rate = 6% Monthly interest rate = 6%/12 = 0.5%…

Q: Suppose that in a closed economy GDP i equal to 5000 taves are equal to 1000. consumption in equal…

A: Given information: Economy is closed. It means there is no import and export.  GDP = 5000 Taxes =…

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: ?Borrow $100 today at 4% interest. How much do you owe after 5 years

A: Principal = $100 Interest rate = 4%

Q: Invest $1000 today at the interest rate 10%. Calculate the value of investment after 10 years.

A: Present value of investment = $1000 Interest rate = 10% Time period = 10 years

Q: Michelle borrows 5,000 for 6 years at 8% rate. At the end of 6 years, she decided to renew the loan…

A: Lump sum refers to when the entire payment is made at once instead of in the form of continuous…

Q: .How long it take money to quadruple if it earns 3% compounded daily 16636 days 16637 days 16867…

A: Let the initial amount is x. It will become 4x in n days. Rate of interest is 3% compounded daily.…

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: Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit…

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

Q: Determine the future worth of her savings after 8 years.

A: First, we find the present worth of her savings after 8 years, then we can calculate future worth…

Q: You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you…

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

Q: And we took out a loan for 146 days and was charged simple interest rate of 12.5 total interest he…

A: Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using…

Q: Discount 1650 for 4 months at 6% simple interest. What is the discount?

A: Principal = 1650 Discounted for 4 months = 4/12 = 1/3 years Rate of interest = 6% S = sum total P =…

Q: f you deposit $10000 into a fund paying interest 6%. How much you get after one yea

A: Given the deposit amount = $10000 Interest rate = 6%

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.

Q: You deposit $ 9,030 in an account that pays 3 % simple interest.  How much do you have after 4…

A: Simple interest: Interest is a quick and easy technique of calculating the interest charge on a…

Q: A certain amount of money doubles after 9 years. Determine its effective interest.

A: 7.2% is the effective interest rate. Workings.   The money will have doubled after nine years.   The…

Q: a

A: An income annuity allows for conversion of part of retirement funds into a stream of guaranteed…

Q: You need P 4,000 per year for four years to go to college. Your father invested P 5,000 in 7%…

A: Given The initial investment of $5000 is made at birth so at n=0, P=5000 Cash flow at 17th, 18th…