The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice O O $1,800.00. $450.00.
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![The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.)
Multiple Choice
O
$1,800.00.
$450.00.
$11.25.
$37.50
$112.50.
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- Calculate the amount of interest to be paid on a $50,000 loan over the next 28 months if money earns 8.6% p.a simple interest. Select one: O a. $120,400 O b. $10,033.34 c. $836.124If interest is 5% compounded quarterly, calculate the present value of twelve $1,000 monthly payments. Multiple Choice $11,582.52 $11,382.52 $11,782.52 $11,682.52 $11,482.52 Show all the calculation steps and formulas if necessary
- How to Find the future value and compound interest on $6,000 at 4% compounded semiannually for two years and how to use the future value or compound amount of $1.00 Table or the future value and compound interest formula. What is the future value?Calculate the accumulated value of monthly payments of $100.00 made at the end of each month for ten years just after the last payment has been made if interest is 12% p.a. compounded monthly. Select one: A. $1 046.22 B. $23 003.87 OC. $330 003.87 O D. $12 000 O E. $33 003.87Assume that a one-year CD purchased for $1000 pays an APR of 6% that is compounded semi-annually. How much is in the account at the end of each compounding period? (Calculate the interest and compound it each period rather than using the compound interest formula. Round your answers to the nearest cent.) first period $ second period $ How much total interest does it earn? (Round your answer to the nearest cent.)$ What is the APY? %
- Seven annual payments of $2,500 @ 6%. Please identify which table you used.Manually calculate the compound interest on an investment of $7,500 at 6% interest, compounded semiannually, for 1 year. Group of answer choices $7,950.00 $7,956.75 $456.75 $450.00Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A C
- IndCan you please show me how we get the number, 1.242381 In this sum , A = $ 2,500 P = ? Time = 4 years = 4 * 2 = 8 half years Rate of interest = 5.5/ 2 = 2.75% compounded semi annually A = P (1+r/100)t 2,500 = P (1+2.75/100)8 2,500 = P (1.242381) 2,500/1.242381 = P P = $ 2,012.26 Hence, amount invested now is $ 2,012.26.What's the present value of $1,850 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? a. $1,371.54 b. $1,382.43 O c. $1,373.57 O d. $1,804.44 Oe. $1,376.57
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