What offer is more convenient for a factory salesperson, if the money can be invested at 10% compounded monthly? a) $ 200,000.00 in cash and $ 231,989.74 within one year. b) $ 50,000.00 in cash and the balance in 3 equal promissory notes of $ 142,433.53 each at 4, 8 and 12 months term

Q: 19) Suppose you purchase a car and you are going to finance $16,000 for 36 months at an APR of 5.1%…

A: Given that, Suppose you purchase a car and you are going to finance $16,000 for 36 months at an APR…

Q: 4 a) If a house is sold for $790,000 plus GST what is the actual sale price? Iman b) If a house is…

A: 4) Given information: Open market price=$790,000 Rate of GST=12%

Q: Stacey purchased a car for $58,300; she paid 5% of the cost as a down payment and financed the…

A:

Q: A $35 000 loan for a recreational boat is charged 2.3%/a compounded monthly. It is to be paid off…

A: PMT=PV×i×(1+i)n(1+i)n-1where,PV is the loan amount, PMT is the monthly payment, i is the interest…

Q: A bank offers an interest rate of 5.2% per annum for saving in a fixed deposit account. If Puan…

A:

Q: a) Oween borrows money today to buy a boat. He will repay the loan by making regular payments of…

A: We have given that Oween pays $837.90 every six months for the next 10 years. So from this…

Q: Jane just borrowed $500,000 to purchase a new home. The loan is for 30 years at a nominal rate of 3%…

A: Since you are asked for a question with multiple Sub parts, we will solve the first three sub-parts…

Q: Find the present value of the ordinary annuity. 40) Payments of $450 made annually for 13 years at…

A: Given: Value of each payment = $450 Number of Periods = 13 Interest rate per period = 6% = 0.06

Q: 12) Suppose you borrow $3300 for a term of four years at simple interest and 12.5% APR. How much is…

A:

Q: O Sarah plans to contribute monthly to a savings account for her daughter's coll goal is $300,000 in…

A: The future value is calculated using the formula  Future value FV=C1+in-1i where i is the interest…

Q: Lily purchased a car for $52,400; she paid 20% of the cost as a down payment and financed the…

A: The compound interest formula for a principal amount of P for an interest rate of r% for t years…

Q: A $2100 loan carrying interest at 5% per annum simple interest began on July 12 and was repaid on…

A:

Q: Maria doesn't have that kind of money..she decides instead, that she will take the $15,000…

A:

Q: 3. Josephine is purchasing a used car. Her bank has offered a loan of $5000 at 5%/a compounded…

A: Given Information: Bank loan: $5000 at 5% per annum compounded monthly Dealer loan: $5000 at 5.5%…

Q: You are the accounting manager for Kool Ragz, Inc., a manufacturer of men's and women's clothing.…

A: Sol:- a) The interest on the loan using ordinary interest is: Interest = Principal x Rate x Time…

Q: Suppose a man can afford monthly car payments of $380 per month, and his bank is offering a…

A:

Q: Chuong Ngo purchased a house and obtained a 25 year loan of 199,000 at an annual interest rate of…

A: According to the given information:

Q: Bob and Billy each invest $1,000,000 and $1200, respectively, in their own account with the same…

A: We need  to find amount she actually pays.

Q: Erica and Guadalupe plan to purchase a home for $241,000. They will pay 20% down and finance the…

A:

Q: A contractor's price for a new building was $55700. Stampede Inc., the b $16000 down and financed…

A:

Q: Use the appropriate formula to find how much you should deposit now at 6% interest, compounded…

A: Present value of an annuity is given by: Where, P = periodic payment r = rate per period n = number…

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.