You borrow 25500 DHS from your brother and promise to pay back 30000 DHS in twelve (12) months. What simple interest rate will you pay? Identify the Future Value amount Identify the Principal amount DHS DHS Identify the Time (as used in the equation for calculation) years

Q: You borrow 150000 DHS from your dad and promise to pay back 176550 DHS in thirty-six (36) months.…

A: We use the following:

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Q: How do I find the money in the account after the given number of years? Principal: 6000 Rate: 5.5%…

A: From the provided information,

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A: topic - application of geometric progression optiin A 5857.30

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Q: Calculate the amount in an account at the end of one year if the account starts with the principal…

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Q: Samuel opened a savings account that pays 1.8% interest compounded monthly with S7,000. If he leaves…

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Q: A man borrows 2000 TL and agrees to pay his creditor 800 TL at the end of 4 years and a final…

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Q: Liza borrows 15,000Php for 3 years and agrees to pay 6 % compound interest for this period. What…

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Q: $3000 is invested for 19 years with an APR of 3.88% and monthly compounding, The account balance…

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Q: RM10 000 is invested for 4 years in a bank earning a simple interest rate of 10% per annum.Find the…

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Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

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Q: Calculate the amount of money you'll have at the end of the indicated time peri You invest $4000 in…

A: Investment P=$4000 Timet=20 years Rate of Interestr=6%

Q: A time deposit account In a bank yields 5.5% compound interest Annually . Jennifer invested P 450 ,…

A: The formula for the amount for compound interest is given by  A=P1+r100t where P is the principal…

Q: A local university received a $500,000.00 gift to establish an endowment fund for a student…

A: Answer:- value of the fund 56 years from now = 500,000 *[(1+0.02/2)^(2*8) ]=586289.322462…

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Q: Determine the value of the annuity for the indicated monthly deposit amount, the number of deposits,…

A: An annuity is a fixed amount of income that is given annually or at regular intervals. An annuity…

Q: The principal represents an amount of money deposited in a savings account subject to compound…

A: Given Data: The principle deposited amount is: P=$6000 The rate of interest is: r=8% The time period…

Q: 7. Susan has had a saving account for a few years now. The bank has been paying her simple interest…

A: The answer provided below has been developed in a clear step by step manner

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

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