RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please A person contracted a debt 8 months ago for 34,650 with 40% interest and that expires in two months. In addition, you must pay another 15,000 contracted two months ago with 35% interest and that expires in 4 months. How much are your commitments today?

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Here GivenAmount to be paid  = $5,000Annual interest rate  =  21%Monthly interest rate  = Annual…

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Q: ou have $8,800 to buy a bc he number of months:

A: Answer : Amount = $8800 Principal = $250 rate = 2.4% Month = ?

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A: Let's dissect the issue and go over the computations one by one. 1. Determine the loan's original…

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A:

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Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1:Present value of annuity = Annual amount * PVA(Rate , years).Step 2:Step 3: Step 4:

Q: SOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step,…

A: In this we have to calculate the future value of sum.

Q: In what time did $ 2,300 become $ 7,900 at 34% simple annual interest?

A: Simple Interest: It is a technique to compute the interest amount of interest at a specific…

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Q: earest $)?

A: that will possess both the interest and principal. The present value (PV) of these installments for…

Q: in text form with proper workings and explanation for each and every part and steps with concept and…

A: Step 1: Given Value for Calculation Compound = Semiannually = 2Present Value = pv = $7,000,000Time =…

Q: You have just received an email inviting you to accept a new credit card that offers you a $12,000…

A: The question gives the following information:

Q: solve using the appropriate formulas show full workings and fir SOLVE ANYTHING ONLY USE RELEVANT…

A: Future value is the amount of money deposited and the amount of interest accumulated over a period…

Q: Your liabilities consist of $60,000 coming due in one year and $40,000 coming due in three years.…

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A: NPV is also known as Net Present Value.. It is a capital budgeting technique which helps in decision…

Q: The balance (debt) on your credit card is $2500.  Your credit card APR is 6%.  You are spending…

A: Month Spending  Total Debt Interest Total debt after interest Payment balance              2500…