solve for maturity value, discount period, bank discount, and proceeds. assume a bank discount rate of 11%. use the ordinary interest method. (use days in a year table.) (do not round intermediate calculations. round your final answers to the nearest cent.): Face value (principle): 50,400 Rate of interest: 10%

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: Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a refrigerator for…

A:

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

A:

Q: Find the total proceeds (in $) from the sale of 30 bonds with a coupon rate of 8.75 and a current…

A: Consider the provided question, Given that, number of bonds = 30 Coupon rate = 8.75% current price =…

Q: Consider a credit card with a balance of $6000 and an APR of 16.99%. In order to pay off the balance…

A: Consider a credit card with a balance of  and an APR of .The balance pay off in years.To find the…

Q: Consider the variable coefficient linear non-homogeneous ODE where and where u and are unknown…

A: The given problem is to find the values of u' and v' for the which the particular solution yp =…

Q: Tan Company purchased a large server for $20,000. The company paid 35% of the value as a…

A: Solution:

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

A: We know,  APR = 2Nr/N-1

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: Consider a student loan of $20,000 at a fixed APR of 12% for 20 years. a. Calculate the monthly…

A: From the above details we have,

Q: Diane Van Os decided to buy a new car since her credit union was offering such low interest rates.…

A: Given information Principal amount = $30,800 Rate of interest = 5.25%

Q: Find the amount necessary to fund then given withdrawls. Semiannual withdrawls of $900 for 9…

A:

Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

A:

Q: Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed…

A: When a loan is given, the borrower needs to repay the loan over a certain period, in addition to the…

Q: Nathan plans to repay a loan of $60 000 at 5.1% per year by making equal annual payme Should Nathan…

A:

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Lashonda takes out a loan for her college tuition from a bank that charges simple interest at an…

A: using,   simple  interest = p×r×t where, p= principal              r= rate%             t= time .

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

A:

Q: You need a home loan of $65,000 after your down payment. How much will your monthly house payment be…

A: Given, Principal amount of the loan(P) = $65,000 Monthly interest rate(i) = 5.25100×12 = 0.004375…