What is one of the trade-offs for having a renter's insurance policy with a low deductible?         lower interest rates         higher payouts for claims         higher monthly payments         lower monthly payments

Q: A teenager receives $50 for his birthday, and his sister wants to borrow it from him for 15 weeks.…

A: The formula for simple interest is I= Prt Where I= Interest earned, P=Principal amount, r=rate of…

Q: Isn't this a General Annuity Due question?

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Q: The cost of a home is financed with a $290,000, 30- year fixed-rate-mortgage at 7%. The monthly…

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Q: Matthew wants to set up a sinking fund that will be worth $100,000 after 20 years of monthly…

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Q: How much do you need to take out of your monthly paycheck for 20 years, to be put into a simple…

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Q: The activity on Denise Helling's Master Card account for one billing period is shown below. Find the…

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Q: The bank approved Sylvie for a $250,000, 15-year mortgage with an APR of 3.95%

A: Given that Sylvie was given approval from the bank for a $250000 with 15-year mortgage with a 3.95…

Q: Suppose you want to buy a new car that costs $32,600. You have no cash – only your old car, which is…

A: The given data is: The price of the new car is $36,600 The price of the old car is $4000 The…

Q: The following table shows annual rates for various types of loans in 2015. Assume monthly payments…

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Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: 2. Suppose you buy a house for $320,000. You have $40,000 for a down payment, and finance the rest…

A: After the downpayment, the principal amount is $280,000, and the interest given is 4% per year. Time…

Q: Suppose you are awarded a $5,000.00 unsubsidized student loan with an interest rate of 6.8%. If you…

A: Principal amountRate of interestTimeMonthly payments

Q: A man uses a loan program for small businesses to obtain a loan to help expand his vending machine…

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Q: A 2-year bond has face value £500000, quarterly coupons at rate 6% per annum, and is redeemable at…

A: A 2-year bond has face value £500000, quarterly coupons at rate 6% per annum, and is redeemable at…

Q: mpounding interest and an APR of 4.5% in sume no additional deposits are made.

A: Given as, 8 years is $25,000 and APR of 4.5%.

Q: Explain the difference between an ordinary annuity and an annuity due. (Multiple Choice) A. Ordinary…

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Q: Mr. and Mrs. Dunn have just purchased a $150000 house and made a down payment of $19000. They can…

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Q: Suppose that an annuity has a present value of P = 1 million dollars. What interest rate r would…

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Q: What sinking fund payment would you need to make at the END of each three months, at 6% interest…

A: What sinking fund payment would you need to make at the END of each three months, at 6% interest…