Intro You have $5,000 in your savings account, and want to buy a car for $20,000. Part 1 If you are not depositing any new money into your account and the interest rate on your savings account is 4% per year, how many years do you have to wait before you can buy the car? h+ decimals Submit

Q: 10. Laura put $450 into a savings account for one year. The rate of interest on the account was 9%.…

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Q: Miroslava has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

A: option b is correct  at the end of 15 years Miroslava have balance $175,500.40 using the formula for…

Q: You are tired at the end of the school year and decided to borrow $500 to go on a trip to Florida.…

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Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: You deposit $980 in a savings account paying 3.8% simple interest. How much interest will you earn…

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Q: 5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest…

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Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. How much interest did you pay over 30…

A: Given problem is :

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

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Q: Alex has $3200 saved at the bank with a 2.1% yearly interest rate. How much money would Alex have…

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Q: You deposit $1500 in a savings account paying 4% simple interest.How much interest will you earn in…

A: The objective of this question is to calculate the simple interest earned over a period of 7 years…

Q: A S1,200 bond earns 3% simple interest per year on its purchase price. What is the amount of…

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Pablito has $1 and his grandma says she will give him 100% interest on that $1 every year if he…

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Q: Montserrat has $100,000 to invest in a saving account. She receives a steady interest rate of 3.75%…

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Q: The sixth month this year, you have $372 saved. At the eighth month this year, you have saved $396.…

A: The sixth month this year, you have $372 saved.At the eighth month this year, you have saved $396

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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Q: The value of a new sports car (Lamborghini) appreciates at a rate of 3% per year. If the vehicle was…

A: Given that, The value of a new sports car appreciates at a rate of 3% per year. ⇒If the vehicle was…

Q: 7. Susan has had a saving account for a few years now. The bank has been paying her simple interest…

A: The answer provided below has been developed in a clear step by step manner