On July 10, Isabella opened a savings account with $900. It earned 3% interest, compounded daily. On July 11, she deposited her first paycheck of $76.22. What was her balance at the end of the day on July 11? A. $976.22 B. $976.76 C. $976.37 D. $1,005.51

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: mple mteiest was eanmed of deposit earned an interest rate of %.

A: In this question, the concept of Simple Interest is applied. Simple Interest Simple interest is a…

Q: fi

A:

Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

Q: Find the ending balance: $45,000 for 18 months at 4% annual compound interest

A:

Q: Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each…

A:

Q: Carlos takes out a loan for $10,300, at 8% ordinary interest. If the amount of interest is $329.60,…

A:

Q: Randy's automobile insurance policy has an annual deductible of $400. His bill for a recent…

A: Topic- arithmetic operations We are givenAnnual deductible amount from insurance=$400Bill for a…

Q: borrows $6,500, at  6 1 2%  interest, for 150 days. If the bank uses the ordinary interest method,…

A:

Q: You have $400,000 saved for retirement. Your account earns 10% interest. How much will you be able…

A: Value(P) = $400,000  Interest (r) = 10%  = 0.10 Time (t)= 15 years  Payout annuity :  P = PMT * (1-(…

Q: Maura received $1000 from friends and family for college graduation. If she deposits her money into…

A:

Q: Johnson placed $15,000 into his credit union account paying 7% compounded semiannullay. How much…

A:

Q: You can afford monthly deposits of $250 into an account that pays 2.4% compounded monthly. How long…

A:

Q: Nancy deposited $950 into an account that pays 5.41% annual interest compounded annually. When she…

A:

Q: Kevin takes out a $350 000 mortgage for 30 years at 2.05% annual interest compounded quarterly. His…

A: The EMI i.e. the monthly payment required to be done by Kevin includes the interest component to be…

Q: Find the simple interest of $1,000 borrowed at 6% for 4 years.

A: Given: The principal amount = $1000. The rate of interest = 6%. The time =4 years.

Q: If you decide to deposit $96 per month into an account earning 4.8% annual interest compounded…

A:

Q: You deposited $900 into a savings account paying 2% compounded quarterly. Two years later, you…

A: Given:  You deposited $900 into a savings account paying 2% compounded quarterly. Two years later,…

Q: s a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an…

A: This is a basic question testing the application of compound interest. We just have to plug-in the…

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

A: