Show solutions and formula used a) Mr Palo borrowed P73161 for 8 months from Mr Brosas who charged 81/8% simple discount. How much money did Mr Palo receive? In 2 decimal places, no need to add the unit

Q: 4 a) If a house is sold for $790,000 plus GST what is the actual sale price? Iman b) If a house is…

A: 4) Given information: Open market price=$790,000 Rate of GST=12%

Q: A loan of 16800 dollars is to be repaid in annual installments of 2000 dollars, the first due in one…

A: Given

Q: 1. Rick invested $1500 at 9% per annum for 4 years. a) How much simple interest did he earn on his…

A: Given that  Rick invested 1500 at a rate is 9% for 4 years  To find the simple interest and final…

Q: ged 7.5% annual simple intere

A: Originally borrow=$70489.927

Q: You applied for a loan with a bank and the P80,000.00 was approved at an interest rate of 14% of…

A: We know that interest  rate  I=PIN Where P=principle             I=rate of interest…

Q: 12) Suppose you borrow $3300 for a term of four years at simple interest and 12.5% APR. How much is…

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Q: Waleed wants to find out the annual rate of interest, will a principal RO 211to amount to RO 9211…

A: Given :  Waleed wants to find out the annual rate of interest, will a principal RO 211to amount to…

Q: A house was valued at $110,000 in the year 1992. The value appreciated to $150,000 by the year 2001.…

A: At t=0 that is in 1992 the value is $110,000. At t=9 that is in 2001, the value is $150,000 Just…

Q: Juan De Mesa borrowed P50k at 2% per month payable in 36 equal end the month payments. a. How…

A: Juan De Mesa borrowed 50,000 at a interest rate of 2% payable in 36 equal end of the month payments.…

Q: An investor deposits $15,000 in a bank account. The bank offers an interest rate of i=4.1% per year.…

A:

Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 8% interest.a) How…

A: The objective of this question is to calculate the monthly deposit required to reach a retirement…

Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 9% interest. a) How…

A: Suppose you want to have $500000 for retirement in 30 years. Account earns 9% interest. To find…

Q: Lily purchased a car for $52,400; she paid 20% of the cost as a down payment and financed the…

A: The compound interest formula for a principal amount of P for an interest rate of r% for t years…

Q: Martin received loan to purchase a locker at his condominium for $4000.The loan was amertized over…

A: Given, Principal=$4000Intreset=3.26%=0.0326Time=2 years The formula for calculating the amount for…

Q: You want to purchase an RV in 5 years that cost 80,000. You are going to make monthly deposits into…

A: Given Monthly deposit is Yearly deposit is

Q: 1. Determine the simple interest earned on each investment. a) $400 is invested at 3.5% annual…

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Q: If you take out a loan for 1,500 with an interest rate it 3% A) How long would it take to owe double…

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Q: Suppose you want to have $400,000 for retirement in 30 years. Your account earns 8% interest.a) How…

A: The objective of this question is to calculate the monthly deposit required to reach a retirement…

Q: hou

A:

Q: Which of the numbers below is closest to the monthly payment needed to pay off a loan of $1550 in 12…

A: Here A is the amount, p is the principal, r is the interest rate, n is the number of compounding…

Q: You deposit $100 each month into an account earning 4% interest compounded monthly. a) How much will…

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Q: a) Sara deposited RM2,800 in an account when she was 15 years old. The simple interest rate offered…

A: Given problem Given that   a) Sara deposited RM2,800 in an account when she was 15 years old.…

Q: each quarter for 20 years into an account paying 4.2%  annual interest compounded quarterly.  a) How…

A: Julia deposits $100 at the end of each quarter for 20 years into an account paying 4.2% annual…

Q: a company wants to accomplish $100000 to purchase replacenent machinary ten years from now ,to…

A: Concept: According the given question the company wants to accumulate $100000 in future  Therefore…