A vehicle purchased for $22400 depreciates at a constant rate of 6%. Determine the approximate value of the vehicle 13 years after purchase

Q: Lauren loaned $9,625 to Jacob at a simple interest rate of 4.47% p.a. for 3 years and 11 months.…

A: NOTE: Refresh your page if you can't see any equations. . here we have  P=9625 r=4.47%=0.0447 t=3…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 3.3%, t = 22 days

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Q: 6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: In the question it is asked to calculate the total amount generated in account.

Q: Assume a 6 month CD purchase for 5,000 pays simple interest at an annual rate of 9.5. How much…

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 2.6%, t = 22 days

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Q: Vicki Kakounis bought a television set with money borrowed from the bank at 8% interest compounded…

A: The rate of interest is given as 8% The interest is compounded quarterly  In a year, there are 4…

Q: A vehicle purchased for $20,700 depreciates at a constant rate of 8%. Determine the approximate…

A: Vehicle purchased for $20,700 Rate of depreciation is 8% Time = 11 years To determine the value of…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $6,000, r = 6.3%, t = 8 months

A: Note:- Simple interest formula is given by simple interest=prt/100 where p=principal value r= rate…

Q: Andrew deposited half of PhP 130,000 in a certificate of deposit (CD) paying 4% interest, compounded…

A: The compound interest formula is given by A=P(1+rn)nt. where, A is the final amount, P is the…

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: 8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the…

A: The rate of interest is, r = 6.5 The principal amount is, 8300 dollars  So, the annual interest…

Q: A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the…

A: To find : Approximate value of the vehicle 12 years after purchase .

Q: Find the amount owed at the end of 3 years if $600 is loaned at a rate 3% compounded monthly. (Round…

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Q: You deposit $100 monthly in a saving plan with APR of 6% for 20 years.  How much would your…

A:

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 5.2%, t = 17 days

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.1%, t = 6 months

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Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

Q: the per age. (R your earest cel $800,000 borrowed at 7% for 2 years, with quarterly payments

A: Use formula of periodic payment

Q: Calculate the simple interest earned. Round to the nearest cent. P = $4000, r = 7.5%, t = 23 days

A: Given P=4000$ r=7.5% t=23 days We know that simple interest I=P×R×N100 N=23365 Therefore,…

Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: It is given that the initial principal amount is $2600. The simple interest after t=3 years is…

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: 4400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A:

Q: 3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: Here i consider two conditions  if amount on simple interest  or if amount on compounded interest

Q: Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is…

A: Use formula of compound interest weekly.

Q: Find the current yield (as a %) of a bond whose coupon rate is listed as 6.875 and currently selling…

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Q: find the total amount due and the amount of simple interest earned. round to the nearest cent…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 4.25%, t = 6 months

A:

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

A:

Q: Find the rate of interest if N2,800 gains N600 in 5 years

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Q: The pawnbroker charged Elisa a simple interest rate of % (Round to the nearest whole number as…

A: We have to find the simple interest  rate.

Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9030, r = 5.25%, t = 6 months

A: Given data is : P=$9030r=5.25%t=6 month=612 year=12 year To find the simple interest.

Q: Cueton Hep For her daughter's education, Georgina Harcourt has invested an inheritance in a fund…

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Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

A:

Q: A vehicle purchased for $29,800 depreciates at a constant rate of 6%. Determine the approximate…

A: Given, The original value of the vehicle, P = $29,800, Rate of depreciation, r = 6% = 0.06 Time, t =…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6%, t = 1 year

A: Consider the given values, P = $5000, r = 6%, t = 1 year The simple interest formula is defined as,…

Q: find the amount of money borrowed if after seven years the simple interest charged is $9000 at a…

A: simple interest formula:I=P*r*twhere, I=Interest amountP=principal amountr=interest ratet=time

Q: Trevor invests an amount of R20 000 in a bank. Calculate, using appropriate formulae, the…

A: Here AS PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION ONLY

Q: A vehicle purchased for $32,500 depreciates at a constant rate of 4%. Determine the approximate…

A: Depreciation on a vehicle can be determined by the formula v = c ( 1-r)t ---- [ I] where V is the…

Q: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.6%, t = 4 months

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Q: Calculate the simple interest earned. Round to the nearest cent. P = $8000, r = 9%, t = 1 year

A:

Q: A stock that pays an annual dividend of $0.60 per share has a current price of $30.50. Find the…

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Q: Calculate the amount of simple interest earned. Round to the nearest dollar. $2000 at 9% interest…

A:

Q: nd the savings plan balance after 3 years with an APR of 4% and monthly deposits of $400

A: Given that: Monthly deposit = $400 Time = 3 years APR = 4% To determine the balance after 3 years.

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

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Q: Sally has a sum of $20000 that she invests at 11% compounded monthly. What equal monthly payments…

A: Solution

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 4.8%, t = 19 days

A: P = $3000  r = 4.8%,  t = 19 days t=19365=0.052 year simple interest=I I=prt…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 8%, t = 1 year

A: