7 Choose the option that shows the balance of a savings account at the end of 6 years if the simple interest earned each year is 6.5% and the principal is $1, 300. A $507 B $1,807 $5,070 D$6,370

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: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

A:

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your total return? Total Return =…

A: given deposit = $1000 total balance after 5 years = $1500

Q: Find the principal if the interest is 18,000 with a rate of 9% at term of 4 years.

A: Given:          Rate of interest (r) = 9 %          Simple interest (SI) = 18,000          Time…

Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: Don borrows P5000 for 2 years at 4% per annum simple interest. He 1 immediately lends it to another…

A:

Q: Start working with a savings account with a quarter in it and your boss doubles it each day for…

A:

Q: Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was…

A: You can calculate Interest on your loans and investments by using the following formula for…

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can the homeowner…

A: Given that  A homeowner planning a kitchen remodeling an afford $700 monthly payment. How much can…

Q: John invests $1,500 at 6% annual interest compounded continuously. How much is in the account after…

A: We can make it easier to get it.

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: Suppose you want to buy a new car that costs ​$32, 900. You have no cash only your old​ car, which…

A: A new car costs $32, 900. You have no cash only your old​ car, which is worth $3000 as a​ trade-in.…

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

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

A:

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

A:

Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this…

A: solutionGivenInterest rate=2% per monthowes=1000$

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

A:

Q: enry bought an antique watch for P15,000 and sold it 6 months later for P17,750. What mple Interest…

A: Note:- These are multiple questions and according to our company guideline we can do maximum one…

Q: Brad invests $3700 in an account paying 3% compounded monthly. How much is in the account after 8…

A: We know,         For principal amount P and rate of interest r% compounded per unit time, the amount…