What is the simple interest rate on a $1650 investment paying $176.72 interest in 5.1 years? % (round to the nearest tenth of a percent)

Q: A financial adviser recommends a client deposit $1500 in a fund that earns 9.5% annual interest…

A: To find the interest rate per month

Q: Kaye deposited $7.000 into a savings account today. For how long can $680 be withdrawn from the…

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Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: Given problem Given that   A = $ 2000 T = 15 years Rate of interest = 7% = 0.07 Compounded monthly…

Q: Jenna deposited $35,000 in an investment fund that was growing at a rate of 3.50% compounded…

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Q: Kellee deposits​ $5000 in a savings account with an interest rate of​ 0.9% compounded monthly. If…

A: From the given information, it is observed that Kellee deposited $5000 that is, P = $5000 with the…

Q: You have an opportunity to invest in a fund that has a yearly interest rate of 6%. How much should…

A: From the given information, it is observed that FV = $15,000, r = 6%, that is, r =0.06 and t = 3.…

Q: Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4 years. What is…

A: Given that :Suppose you see a car with an advertised price of $14,500 at $410.83 per month for 4…

Q: (a) Find the amount in the account at the end of 1 year. $0 (b) Find the amount in the account at…

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Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

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Q: Find the investment needed today to make $ 100,000 in 5 years with a simple interest rate of 8% per…

A: Given data÷ A=$100,000 t=5 years r=8% =0.08 per year

Q: Treasure mountain international school in park city, Utah,  is a public middle school interested in…

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Q: Find the accumulated value of an investment of $20,000 at 5.25​% compounded annually for 12 years.…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?  %…

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Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: Find the simple interest paid on a $880 investment at 6.4% annual interest for 30 days. Use the…

A: given that  principal p=$880 , interest rate r=6.4% annual  and t=30 days  now by bankers formula we…

Q: Please explain: Suppose that $2000 is placed in an account that pays 13% interest compounded each…

A: According to the given information in this question We need to answer two parts

Q: sonia wants to have $11,000 in 8 years. use table 11-2 calculate how much she should invest now ( in…

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Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

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Q: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…

Q: Ms. Whodunit needs $10 000 to go on her dream vacation in three years. How much does she need to…

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Q: A new investment opportunity for you is an annuity that pays $850 at the beginning of each year for…

A: Give information Amount A=$850 Time t=3 years Rate of interest r=5.5% ⇒r=5.5100=0.055 Formula used :…