to the nearest cent.) $550 is deposited monthly for 14 years at 3% per year

Q: You can get a car loan with a term of three years at an apr of 3%. If you can afford a monthly…

A: Given: interest rate per annum is= 3%, monthly payment= $300, time=3 years To find the amount of…

Q: $450 is deposited at the end of each quarter for 1.5 years at 10% interest per year compounded…

A:

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

A:

Q: If $5,000 is borrowed at a simple interest rate of 3.70% p.a., calculate the interest charged for 10…

A: Simple Interest: Simple interest is a method of calculating interest on a loan or investment based…

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Given data: The principle (P) is $200 The time(T) is 10 years Rate of interest (R) is 6%   The…

Q: If $5,000 is borrowed at a simple interest rate of 4.55% p.a., calculate the interest charged for 10…

A: Given principal amount=$5000. Simple interest rate of 4.55% p.a.time=10 months.simple interest=where…

Q: A stock is expected to pay $1.10 per share every year indefinitely and the equity cost of capital…

A: To find the price an investor is expected to pay per share ten years in the future, we can use the…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $459 per month…

A:

Q: $9,000 for 3 years at 4.25% compounded monthly

A: Given:             Present value is P=$9000.             Time in years is t=3,             Rate of…

Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: find the amount of compound interest earned  $8000 at 5.5% compunded monthly for 5 years

A:

Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

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: Nap Lajoie has a lifetime batting average of 0.338. Assume that Nap Lajoie came to bat officially…

A: Given : Nap Lajoie has a lifetime batting average of 0.338 and came to bat officially six times…

Q: Calculate the simple intrest for $2400 borrowed for 2 years at 4% per annum

A:

Q: $1,000 for 5 years at 3% compounded quarterly

A:

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. c. If you pay…

A: Given that, loan amount P=$175,000, monthly payment PMT= $975, Interest rate r=4.5% and frequency of…

Q: Determine the amount to be paid back if $6500 is borrowed for 9 years at 2.5% compounded annually.

A: We have direct formula for compound maturity amount, i have used that.

Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

A:

Q: Mrs. Wigen conducted a survey in her math class. She asked each of her students to tell her how many…

A: The data plotting helps to visualize the relationship between variables. A dot plot consists data,…

Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

A:

Q: Hank made payments of $105 per month at the end of each month for 30 years to purchase a piece of…

A: given payment $105 per month FV=$98310 t=30 years  =30×12 month  =360 month claim- (1) find the…

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…