Question 7 5 Points A deposit of $1500 is made into a fund on March 18. The fund earns simple interest at 5%. On August 5, the interest rate changes to 4.5%. How much is in the fund on October 23?

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: You have a credit card with a balance of $1,500 and APR of 15% (assume simple interest)A. What is…

A: There are 52 weeks in an year. Annual percentage rate = 15%. Therefore, weekly interest rate =0.288…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

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Q: A radio commercial for a loan company states: "You only pay 35¢ a day for each $500 borrowed." If…

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Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: You want to buy a $29,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

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Q: 4. Ahmed invests $550 at 3.9%/a simple interest. What is the interest earned in Ahmed's investment…

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Q: On January 2021 – Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment.…

A: Given that Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has…

Q: 22. Trisha deposited $4,500 on January 1, 2010 in an account that earns 3.1% interest compounded…

A:

Q: A person 100$ in a bank account at the beginning of the month . The bank offers a return of 12%…

A: Given that: Principal amount in bank, P0 =100$ Rate of interest, i=12%

Q: Find the accumulated amount at the end of 6 months on an $400 deposit in the bank paying simple…

A: Note- As per our policy we can answer only 1st question. If you want solutions for other, then you…

Q: A recent high school graduate is taking out a 2,500$ loan to pay for a technical education program.…

A: A recent high school graduate is taking out a 2,500$ loan to pay for a technical education program.…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

Q: Find the new balance, assuming that the bank charges 12% per month on the unpaid balance. Previous…

A: Given: Previous Balance=$300 Payment=$20 New Purchases=$80 Charge incurred by the bank on the unpaid…

Q: What is the interest earned on a principle of $250 at 3% interest for 9 years? O $67.5 O $675 O…

A: p=$250 r=3% t=9 years

Q: You deposit $3000 each year into an account earning 8% interest compounded annually. How much will…

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Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: it is known that APR is given by APR=principle×rate×years100+additional chargesprinciple×years×100…

Q: Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7%…

A: To Find: The monthly payments and the total interest for the loan.

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…

Q: In April 2014, you could buy a 10-year U.S. Treasury note (“T-note,” a kind of bond) for $10,000…

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