19. The amount of machine worth P2,600 is borrowed 16% simple interest. Find the amount after 10 months. 20. Find the amount of P25,000 after 4 years if simple interest is 14%

Find the uniform annual amount that is equivalent to a uniform gradient series in which first year's payment is $500, the second year's payment is $600, the thirds year's payment is $700, and so on, and there are total of 20 payments. The annual 6. interest rate is 8%.

Sally purchases a perpetuity immediate with annual payments that pays $4000 today and Payments increase by 5% per year. She will pay for it with a single payment exactly 6 years from today. Assume a constant force of interest of 7%. Calculate the size of the payment at time 6.

At what rate of interest will an investment double itself in 10 years?

You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the money

No chatgpt used i will give 5 upvotes typing please

You are saving money to buy a car. If you save $290 per month starting one month from now at an interest rate of 6%, how much will you be able to spend on the car after saving for 5 years?

Joseph buys a new home using an interest only loan where he pays only the interest on the value of the home each month. The home is valued at $200,000 and Joseph pays 5% interest per year on the home. How much is his monthly interest payment?

Show complete solution (please write eligibly)   1. Find the uniform annual amount that is equivalent to a uniform gradient series in which the first year’s payment is $500, the second year’s payment is $600, the third year’s payment is $700, and so on, and there are a total of 22 payments. The annual interest rate is 11%. Round answer to 2 decimal places.

Problem 9.  You have $8430 in credit card debt. The interest rate on the unpaid balance is 27% compounded. You decide to pay off the debt in equal monthly payments at the end of each month.  (i)  What should the monthly payments be to have the account paid off at the end of 3 years? (ii)  How much interest have you paid?