You decide to quit using your credit card and want to pay off the balance of $13,300 in 2 years. Your interest rate is 21.35% compounded monthly. What will your monthly payments be? $ LA How much interest do you pay? $ LA

Q: Suppose you purchase a refrigerator for $1,275 and make payments of $59.91 per month for 2 years.…

A: We can solve this as follows:

Q: A woman borrows $2500 and agrees to pay 8% annual simple interest on the loan.  She repays the loan,…

A:

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

A:

Q: Pim borrows $200 at 11% per annum compounded quarterly for 6 years. Determine the interest due on…

A: Given Jim borrows $200 at the rate of 11% compounded quarterly for 6 years.

Q: Calculate the amount of interest you'll have at the end of the indicated period. You invest $7000 in…

A:

Q: Answer

A: We find required amount.

Q: If money is worth 15% compounded semi - annually, find the outstanding balance just after the 10th…

A: topic - application of geometric progression optiin A 5857.30

Q: Henry deposits $7500 in an account earning 2.75% interest compounded monthly. What is the balance in…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay…

A: This is a compound interest problem. The correct option here is option (B) Solution provided below

Q: Find the simple interest on a $2000 investment made for 2 years at an interest rate of 9%/year. What…

A: Formula for finding Simple interest (S.I)  is S.I=prtwhere p= principal amount,            r=rate of…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: The cost to attend 1 year at the college that Jordyn would like to attend is $17,250. Jordyn's…

A:

Q: The bank is paying 9% interest compounded monthly. If you deposit P1,000 at the beginning of each…

A:

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

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: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: On her twelveth birthday, a girl inhents $12.000 which is to be used for her college education. The…

A:

Q: Find the simple interest on a $500 investment made for 2 years at an interest rate of 8% per year.…

A: We have given that principal amount (P) = $500Rate of interest (r) = 8%Time (t) = 2 years