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mr jekins deposited $1,250 into an account that earns 4.25% simple intrest anually .he made no additional deposits or with draws

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- 4Melisandre deposits $500 in an account paying an effective monthly interest rate 0.62708%. Kobe deposits $2,000 in an account paying an effective interest rate j₁. After 24 years they have the same amount in their accounts. What is j₁? a. 1.91427% b. 1.89687% C. 1.84466% d. 1.75765% e. 1.74025%Diana Rene’s deposited an inheritance of 13,050 in a bank account and earned 435 in Simple bankers interest at a rate of 10.5% find the length of time the money was on deposit
- Frank deposites $885 into a savings account earning 2.8% exact simple interest . How much interest was earned in 165 days?Gabrielle Patterson deposited $3,600 in a new savings account. She made no other deposits or withdrawals. The bank pays an annual interest rate of 4.75 percent. How much simple interest did her money earn after 3 months? Awnsers $513.00 $57.00 $42.75 $4.75Lara's $600 deposit earned $120 at 2.7% simple interest . How long was the money on deposit?
- Judy Martinez, owner of Judy's Fashions,received a $12,000 tax refund. She depositedthe money in Chase Bank. The terms of theagreement are that she must leave the moneyon deposit for three years and the bank will payher 1 percent interest. Her account is aa. line of credit.b. certificate of deposit.c. checking account.d. commercial paper agreement.e. savings account.Sally is in the business of purchasing accounts receivable. Last year, Sally purchased an account receivable with a face value of $80,000 for $60,000. During the current year, Sally settled the account, receiving $65,000. Determine the maximum amount of the bad debt deduction for Sally for the current year. If an amount is zero, enter "0". Sally's basis in the account receivable is $fill in the blank 1 . Therefore, she has a bad debt deduction of $fill in the blank 2 and income of $fill in the blank 3 .Joaquin deposits $400 at the end of each month into his bank account. The bank account pays 13.2% compounded monthly. After 96 deposits, Joaquin's account contains $67,575.29. After 288 deposits, Joaquin's account contains $812,817.07. How much interest did Joaquin receive between his 96th deposit and his 288th deposit? O a. $668,441.78 O b. $745,241.78 Oc. S697,617.07 O d. S738,841.78 O e. SS22,041.78 Save All Answers ubmit Click Save All Answers to save all ansuwers.
- Bobby irsh has an account with $1,000. It earns 7.4% compounded monthly. No money is added to his account except for ompounded interest. How long will it take his account to add $2,200 of value to the account?Mr. Smith did not pay his full credit card balance on June 5th, the due date each month for payment. The unpaid balance was $800. He purchased a new washing machine on credit on June 30 for $1,000. If interest is charged at a rate of 18%, compounded daily, what would be the interest charge on his next credit card bill using the average daily balance method? a) $26.63 b) $21.77 c) $14.79 d) $13.32Nick borrowed $6000 for 24 months from his bank using an 11 and a 1/2 percent discount note. A. How much interest did Nick pay the bank for the use of the money? B. How much did he receive from the bank?

