Maturity 10 10 (years) Annual 4.40 3.00 5.25 5.15 6.15 4.50 Rate (%) General Electric bonds you purchased had paid you a total of $8,840 at maturity, how much did you originall e nearest dollar.)

Q: 16. You want to buy a $12,000 car with no money down at a rate of 5.7% APR for 7 years. What is your…

A: From the provided information, The total amount of car (P) = $12,000 Rate of interest (r) = 5.7%…

Q: STAR FIVE S ***** FIVE STAR 13) if you invest 2,000.00 for 6 years in each of the following…

A:

Q: find the interest rate a loan of 8500 at 7% made on july 23rd and due on november 30 A. 211.92 B.…

A: Total interest = PxRxT Where P= principle amount R= Rate of interest T= Time

Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…

A:

Q: 45. Loans To help pay your college expenses, you borrow $7000 and agree to repay the loan at the end…

A: Solution :-

Q: When calculating present value, the _____ the interest rate, the smaller the present value amount.

A: Answer When calculating present value, the _____ the interest rate, the smaller the present value…

Q: A. The amount of interest is ​$ ​(Round to the nearest cent as​ needed.) B. The future value of the…

A: Let's calculate the simple interest and future value of the loan in detail:Simple Interest…

Q: The bank approved Sylvie for a $250,000, 15-year mortgage with an APR of 3.95%

A: Given that Sylvie was given approval from the bank for a $250000 with 15-year mortgage with a 3.95…

Q: $1,909 simple discount note at 5 1/4 % for 16 months What is the effective interest rate?

A: First convert the 16 months into a year. that is 16 months=1612 year Now, I=PRT⇒I=$1,909214001612…

Q: 6 You have a 7-year car loan in the amount $17,000 with APR of approximately 10%. Your payments are…

A:

Q: Starting Balance $6,819.00, goal at 5 years s $ 43,000. 2.5% interest. Compounded monthly. What…

A: Starting Balance, P=$6819.Time, t=5 years.Interest rate, i=2.5%Compounded frequency, m=12…

Q: In order to start a small business, a student takes out a simple interest loan for $5000.00 for 3…

A: Introduction: The formula that gives the amount of interest in the case of simple interest is…

Q: Use the simple interest formula to determine the missing value. p= $963.89, r= 2.5%, t ?, i =…

A:

Q: A 2-year bond has face value £500000, quarterly coupons at rate 6% per annum, and is redeemable at…

A: A 2-year bond has face value £500000, quarterly coupons at rate 6% per annum, and is redeemable at…

Q: A new product will earn $350 in year 1, but will cost 200 in year 5 and then earn $800 in year 6.…

A:

Q: The interest is $ Find the simple interest owed for the following loan. (Do not round until the…

A:

Q: Explain the difference between an ordinary annuity and an annuity due. (Multiple Choice) A. Ordinary…

A:

Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

A:

Q: If you deposit $ 6500 into an account paying 8 % annual interest compounded monthly, then the money…

A:

Q: A $5000, 7.1% bond with semi- annual coupons redeemable at par in 7 years was purchased at 96.8.…

A:

Q: If you sign a discount note for $4,800 at a bank discount rate of 8%, for 90 days, what is the…

A: To find the effective interest rate basically there are three steps involved Step1: Find the bank…

Q: How much of that monthly payment will go toward the principal? Hint: Principal = Monthly Payment -…

A:

Q: Recently, More Money 4U offered an annuity that pays 6.6% compounded monthly. If $948 is deposited…

A: