rate of 7.25%. How much will she have to pay at the end of 8 years? *

Q: Suppose you purchase a refrigerator for $1,275 and make payments of $59.91 per month for 2 years.…

A: We can solve this as follows:

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

A:

Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: $3280 at 0.3%. simple interest paid back in 9 years how much was paid in total?

A:

Q: Salim borrowed some money which amounts to OMR 4530 after 3 years at 7% simple interest.How much did…

A:

Q: Justin Beiber takes out a $30000 loan for her new Ford Mustang. He will pay back the entire loan at…

A: Given information Principal = $30000 Time = 8 years Interest rate = 7.25%

Q: Aman earns N150,000 per annum. He is allowed a tax free pay ofN40,000. fhe pays 25 kobos in the…

A: Since Kobo is the monetary unit in Nigeria, equal to on hundredth of Naira.  So We have Total annual…

Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: Henry deposits $7500 in an account earning 2.75% interest compounded monthly. What is the balance in…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

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 want to purchase a new car in 4 years and expect the car to cost ​$78000. Your bank offers a…

A: For finding the monthly payment when the amount, rate, and time are given, the formula is…

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

A:

Q: How much will you pay for the interest if you will borrow an amount P24.000 at 4% simple interest…

A:

Q: 3 3 Accumulate P70,000 for 2 years and 9 months at 22% simple interest. 4

A:

Q: Dennis plans to save $74,400.00 per year for 4 years. His first savings contribution is expected…

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: The bank is paying 9% interest compounded monthly. If you deposit P1,000 at the beginning of each…

A:

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: Liza borrows 15,000Php for 3 years and agrees to pay 6 % compound interest for this period. What…

A:

Q: Over the previous period, your company had accounts receivable of $95,800 and credit sales of…

A: Given accounts receivable=$95,800 credit sales= $573,229.51 to find out: average collection period=?…

Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: Joe invests $500 into an account earning interest compounded monthly. Determine the rate if there…

A: The formula for the compounded amount is given by A=P1+rnnt where A is the compounded amount, P is…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

A:

Q: RM10 000 is invested for 4 years in a bank earning a simple interest rate of 10% per annum.Find the…

A:

Q: suppose you borrow 865 for aterm of three years at simple interest and 5.46% apr. determine the…

A: Given that  Borrowing amount 865 Time period 3 years  Rate of interest 5.46%