II. Answer the following (in at most 5 sentences each).1. If you know the simple interest due on a one-month loan, explain how you can usethat figure to calculate the simple interest due on a seven-month loan for the sameprincipal and the same interest rate.2. If the time period of a loan is doubled but the principal and interest rate remain thesame, how many times as large is the simple interest due on the loan?3. If the time period of a loan is tripled but the principal and interest rate remain thesame, how many times as large is the simple interest due on the loan?Mathematics in the Modern World | Activity 6Page 1

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Answered: II. Answer the following (in at most 5…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A new furniture set costs $2500. If you make a down payment of $500 ad finiance the rest at a rate of 8% for 18 months find the monthly payments on your loan. How much will you have to paid in interest over the course of the loan?
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he page on 8. Abuali will make regular payments investing a retirement account. He knows that the account will have a future value of $294 097. Which of the following calculations can Abuali make to determine the interest he will have earned on the account? po! You've d 1 not be abl mit your rou see your ha a. Multiply the number of payments by the payment amount, then subtract this from the present value b. Multiply the number of payments by the payment amount, then subtract the present value C. Multiply the number of payments by the payment amount, then subtract this from the future value d. Multiply the number of payments by the payment amount, then subtract the future value Which
If you take out a short-term loan for $800 at 250% interest for 11 weeks, how much interest will you end up paying? (Please write out the finance formula used with the proper information representing the corresponding variables in one line, the answer to your question in another)
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solve question 19 asap with explanation

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