Find the value of a savings account with monthly deposits of $200 for two years into an account that pays 6% interest per year compounded monthly.

Q: Determine the interest to be paid from a loan of $2900 borrowed at 4.5% compounded annually for 10…

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Q: A $2200 bond earns 9.3% compounded monthly for 9 years. Determine the amount of the investment at…

A: A $2200 bond earns 9.3% compounded monthly for 9 years.

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

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Q: Find the amount of an investment of $25,000 earning 6% interest for 3 years compounding quarterly

A: Given that $25,000 is invested earning 6% interest for 3 years compounding quarterly. It is required…

Q: Jamie plan to make payments of $9000 into a account on the last day of this and every year until his…

A: Consider the given information.

Q: Jenny invests $9,000 at 8% compounded annually in an annuity. How long until Jenny has $18,000

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Q: $450 is deposited at the end of each quarter for 1.5 years at 10% interest per year compounded…

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Q: A loan of  $12,400 is to be repaid with monthly payments for 5 years at 12 % interest compounded…

A: To calculate the monthly payment, we can use the formula for the monthly payment on a loan with…

Q: Calculate the amount of interest that will be charged on $ 6549 borrowed for 5 months at 6.81 %.

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Q: the amount of money that would have to be deposited today into a savings account at 8% compounded…

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Q: $10,000 is invested for 10 years with an APR of 2% and quarterly compounding.

A: Given information P=$10,000 Rate of interest r=2%  ⇒r=2100=0.02 Time t=10 years For quarterly…

Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: A $ 100 deposit is made into a college fund at the beginning of each month for 10 years. The fund…

A: Consider the given information. The deposit amount is $100. The rate is 9% and the time is 10 years.…

Q: find the amount of compound interest earned  $8000 at 5.5% compunded monthly for 5 years

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Q: Steven put money into an account six years ago that earns an annual interest rate of 8% compounded…

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Q: The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 7%…

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Q: A couple buys a condo for $310,000. After a 20% down payment, they take outa 30-year mortgage at 7%…

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Q: $1,000 for 5 years at 3% compounded quarterly

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Q: Suppose you deposited ​$40 per month into a savings plan for 5 years and at the end of that period…

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Q: Laurie took out a business loan of $82,000 earning an annual interest of 8.2% compounded quarterly.…

A: We have to find how much Laurie need to pay towards the loan every quarter in order to pay off the…

Q: John deposits $2,000 into a CD that guarantees a 5.8% annual interest rate, compounded yearly. How…

A: Initial deposite= P= 2000 Final amount=A=? Time=t= 4 years  Interest rate = 5.8%=0.058  Number of…

Q: Find the compound amount, or future value, of $5900 at 3% interest compounded semiannually for 5…

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Q: Find the final amount of money in an account if $8,100 is deposited at 6.5% interest compounded…

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Q: Calculate the amount of SIMPLE interest earned on an investment of $1000 at 4% for 6 years

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Q: A person pays $200,000 for a new house. A down payment of $70,000 leaves the mortgage of $130,000…

A: GivenDown payment =$70,000Mortgage p=$130,000Interest r=10% per year The monthly mortgage payment is…

Q: The payment on a 15 year loan at 9.36% compounded weekly is $180. Calculate the amount of the loan.

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Q: An investment fund pays 3.25% per year, compounded monthly, on all money invested. How much interest…

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Q: For the last 12 years, Colin has contributed $110 each month into a retirement savings account. If…

A: Given that n = 12 years d (amount added every month)= $110

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.