Peter's insurance company is raising his rates after he files a claim. He pays $75 per month and his insurance is set to increase by 30%. What will Peter's new monthly payment be?         $100         $97.50         $85         $98

Q: You have $500,000 saved for retirement. Your account earns 5% interest. How much will you be able to…

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Q: A credit card offers no interest no payments for 12 months. You make a purchase of $3500. You make…

A: purchase made A= $3500 monthly payments m= $300 Amount made during the first year (11 payments)…

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: You have $300,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

A: It is given that,      r= annual interest rate=8%=0.08      k=monthly compounding=12      N=number…

Q: Sarah spent $500 on a credit card last month. She went online to her account and paid $250 towards…

A: Sarah spends $500 from her credit card last month. So the balance in the credit card now is -500

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

A: Given Jose has $4800 to invest in a saving account . he receives a steady rate of 3.35% compounded…

Q: A patient has $220 of the $240 Medicare 2024 deductible. The patient receives a service with a…

A: The objective of this question is to determine the amount the patient is responsible for paying…

Q: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: You invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to…

A: According to the given data Initial investment is $10000 After 5 years it becomes $17320 That means…

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

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Q: $1,400, at 8% interest, for 42 months

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Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

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Q: Manuel purchases a house and gets a 30-year mortgage for $175,000 at 4% APR. In addition to the…

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Q: You can afford a $350 per month car payment. You've found a 3 year loan at 7% interest. How big of a…

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Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: You have $400,000 saved for retirement. Your account earns 8% interest. How much will you be able to…

A:

Q: Rafaela takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does…

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Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below

Q: Find last year’s salary if, after a 4% pay raise, this year’s salary is $44,200.

A: salary in this year = last year salary + increment salary . Increment salary = pay raise * last year…

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

A: