You decide to purchase a brand new boat for $20,000. You sell it 7 years later for its worth of $7500. Assuming the boat's value depreciates linearly, how much was it worth 4.5 years after you bought it? It is worth $ (Round answer to nearest dollar.)

Q: How much money would you need to invest to have $24,000 after 8 months at 6% annual interest?…

A:

Q: What sum of money earns $312 simple interest if invested for 8 years at 13%?

A:

Q: A loan company charges you 30 cents a day for each $400 borrowed. If you borrow $1600 for 210 days,…

A: Answer and explanation is given below..

Q: Alex invests $1,000 in his company's stock. After a year, the value of Alex's stock has increased to…

A: Given that Alex invests $1,000 in his company's stock. After a year, the value of Alex's stock has…

Q: A stock increased in value 400% over the past 3 years. This was an increase of $1,240. What was the…

A: Stock increased is 400% over the past 3 years. Increase of $1240. The formula used is: Percentage…

Q: A person buys a boat for $32,750. The boat loses value at a rate of 4.2% per year. What will the…

A: Given: The boat price is(Amount)=$32,750 Rate of interest(loses value)=4.2% To find: The value of…

Q: Round to the nearest tenth of a year. years

A:

Q: You have $10,000 to deposit in a savings account that earns simple interest at a rate of 4.5% per…

A:

Q: For the LP in K&B Section 3.2, problem 11 (converted to K&B canon- ical form), consider the basis B…

A:

Q: (d). $5,680 invested at 7% for 9 months. Balance = $ Number %3D Interest = Number %3D %24

A: Compound interest

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: Richard invests $184.67 every month into his 401k. At the end of 30 years, he has a balance of…

A:

Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

Q: A person has a weekly salary of x dollars, and gets a raise of 26% which is worth $66. Calculate x,…

A:

Q: Chloe agrees to pay back $3,300 in one year at an interest rate of 6%. The bank subtracts the 6%…

A: Amount = $3300 Discount = 6%

Q: 4B) The value of a car that cost $5000 new decreases by 15% every year. Write an equation for the…

A:

Q: 8) If Julio earns $30,000 for the rst year at his job, and he receives a 5% raise each year, how…

A:

Q: Pretend that you buy a $200 dollar stock. A. If the price goes up 10% on Monday, up 5% on Tuesday,…

A:

Q: You make a payment of $300 at the beginning of each month into an account that earns 3.6% annual…

A:

Q: If you make $400 in simple interest on an investment at 8% for 5 years, what is the amount of the…

A:

Q: An investment pays simple interest, and doubles in 13 years. What is the interest rate? Answer =

A: Formula for simple interest is :  I = P×R×T where ,   P = Principal  Amount  R = Annual rate of…

Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.

A: Therefore, it will take almost 4.6 years for the amount to be worth $11,115.Explanation:Step 1: Step…