year for 20 years. 84. John made a deposit of 1000 into a fund at the beginning of each effective interest rate of 8.16%.

Q: You deposit $3,000 into a savings plan at the end of each year for three years. The interest rate is…

A: We have deposit amount is P=$3,000 Rate of interest = 5% = 0.05 Time = 3 years. Now, the value of…

Q: Quarterly withdrawals of $850 for 7 years; interest rate is 4.9% compounded quarterly. Find the…

A: The formula is:A=P1+r4004Twhere P=principal amountr=rate of interestT=time

Q: Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a refrigerator for…

A:

Q: Mary wants to accumulate $42,000 in a fund with payments of $2,100 made at the end of every quarter.…

A: We know that the formula is A=P1+rnnt where A=total amount,P=initial principal amount,r=rate of…

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. a.…

A: Consider the provided question, Basim borrows OMR 3580 for 4 months at a simple interest rate of 6%…

Q: Hand written plzz Chris bought a house for 325,000 in May of last year. At the time of purchase he…

A:

Q: Mrs. Tan borrowed some money from a bank that offers an interest rate of 9.7% compounded monthly.…

A: Using Excel =FV(9.7%/12,15,8432.25,-PV(9.7%/12,12*5,-8432.25)) =317036.5388 Hence option D is the…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: the monthly loan payment is 218.65 suppose you receive a 10 year unsubsidized student loan of 19,000…

A:

Q: Find the new balance, assuming that the bank charges 1.5% per month on the unpaid balance. Previous…

A:

Q: 4. Maryam has $6800 in a daily-interest savings account. The account pays an annual interest rate of…

A:

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

A:

Q: 3. Determine the Present Value of an annuity which provides payment of $1200 every month for 6…

A: Concept: Future value: Amounts of money or streams of cash flows that are anticipated in the future…

Q: Principal             890,000 Rate %                13.35 Time                    9 months…

A: Given: principle=890,000 Rate % =  13.35 time =9month t=912year rate=13.35100

Q: Find the interest of P50,000.00 deposited in a bank that pays 5 ½ % in 165 days. (Hint: 1 year 360…

A: Solution

Q: jerome invests p1400 semiannually at 8% for nine years,determine the cash value of annuity due at…

A:

Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

A:

Q: 85,000 is deposited in a saving account with 6.35% annual interest. When will be the initial sum…

A: To solve this problem, we can use the formula for compound interest:

Q: calulate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

A: Calculate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

Q: If (X, d_{1}) and (Y, d_{2}) are metric spaces, we define d: (X × Y ) × (X × Y ) \rightarrow R by…

A: Let X be a nonempty set with a mapping d:X×X→R is said to be a metric space if mapping d…

Q: Lashonda takes out a loan for her college tuition from a bank that charges simple interest at an…

A: using,   simple  interest = p×r×t where, p= principal              r= rate%             t= time .

Q: Find the present value of an ordinary annuity which has payments of $700 per year for 13 years at 5%…

A: Given that the payments of $700 per year for 13 years at 5% compounded annually.

Q: 7. Calculate the amount for an ordinary annuity with n payments of R ringgit at r%. R 10% compounded…

A: Given: The given data R r n 150 10%compounded quarterly 48 70  9%compounded monthly 60 800…