B. Read the following statements. Write A if the statement is true, otherwise, write B. 11. Simple interest is interest in which only the original principal bears interest for the entire term of the loan. 12. The future value can be found by adding all the interest earned.

Suppose you want to purchase a ​$322,000 ​home, and you have the required ​$60,000 down payment in savings. Complete the table below for a mortgage option presented by a mortgage broker.   Principal Interest Rate Terms ​(years) Payment Total of Payments over Life of Loan Total Interest Paid over Life of Loan ​$262,000 3.750​% 20

break this down and identify necessary information such as what the question is asking you to find, etc. then solve.  Andie is saving for her retirement and want to have $750,000 saved. Her advisor says she can assume a simple interest rate of 4.5% each year. She is currently 25 and wants to retire by age 55. How much money does she need to put into her retirement now?

You have a savings account. You have had this account for about 6 years and you ended up with about $16,360.93, after starting with $12,000. You want to know what your interest rate is but you don't know where your statement is. You call your bank and ask them what it is. What did they tell you?