Sue to make $2000 interest if she invests 10,000 in an account that offers 4% p.a. ?

Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

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Q: Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,…

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Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

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Q: Suppose you want to have $300,000 for retirement in 20 years. Your account earns 10% interest. How…

A: The objective of this question is to find out how much money needs to be deposited each month in an…

Q: What interest would be charged on a loan of $3000 at 4% interest for 1 ½ years?

A: Given information,

Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12%simple interest

A: In the given question we have to calculate the simple interest on $1200 loan for 9 months at the…

Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Suppose you want to have $500,000 for retirement in 30 years.  Future ValueFV= $500000Time t=30…

Q: If I have $500 in my account after 4 years of investing at 2.5% per year, how much money did I start…

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Q: Michael invests $2000 in the bank at a rate of 5.5% for 6 years how much interest will he make?

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Q: How much interest will Lexi have to pay if the gas company charges 1.5% late fee a month and she is…

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Q: Suppose you want to have $700,000 for retirement in 30 years. Your account earns 6% interest. How…

A: We have given that future value (FV) = $700,000Number of years = 30Number of months = 30*12 =…

Q: f Mary received a 10% raise and is now making $17,600 a year, what was her salary before the raise?

A: Mary received a 10% raise and is now making $17,600 a year. To find what was her salary before the…

Q: Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible…

A: Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible…

Q: Suppose you deposit $5,000 into an account earning 5% per annum. How many years will it take for…

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Q: How much will a U.S. Treasury bill be worth after 11 months if it was bought for $4,000 and earns…

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