Bella Sandino is paid $600 weekly. Find the equivalent earnings if this amount is paid monthly.  Round to the nearest dollar.

Q: Jill pays $2000 at time 0 in order to receive $1400 at time 1 and $1400 at time 2. Find the annual…

A: Payment in year 0 = $ 2000 Receipt in year-1 = $ 1400 Receipt in year-2 = $ 1400

Q: Joshua borrowed $1,400 for one year and paid $70 in interest. The bank charged him a service charge…

A: Principal Amount = p = $1400Interest = i = $70Service Charges = sc = $12Number of Payment = n = 12

Q: You loan a friend $200 and are repaid $30 at the end of each month for the first 3 months and $120…

A: Rate of return = ( amount received at the end - amount invested) ÷ amount invested.

Q: Woidtke Manufacturing's stock currently sells for $25 a share. The stock just paid a dividend of…

A: A model that helps to evaluate the value of the stock with the assumption that the dividend will…

Q: You can afford monthly deposit of $85 into an account that pays 6% compounded monthly. How long will…

A: Monthly Deposit(PMT) = $85 Interest Rate = 6% Interest Rate per month(rate) =  6%/12 = 0.50% Future…

Q: Camille makes a P 50,000 credit purchase and monthly payments of P 10,000. For each month, she has…

A: The loans are paid by the equal and monthly payments and these payments carry the payment for…

Q: Show excel formula please. Reymundo purchases a property for $300,000. He gets a 2.00% 30 yr fixed…

A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…

Q: Bryan received a loan of $42,000 from the bank at 3.25% compounded monthly. If she had to repay $350…

A: Given that: Interest rate r = 3.25% per year = 0.2708% per month Period n =3 year= 36 months…

Q: Carl’s house payment is $1,750 per month and his car payment is $393 per month. If Carl's take-home…

A: Take home pay is the amount of net money that comes in your hand. It is the net amount that is…

Q: You borrow $500 from a family member and agree to pay it back in six months. Because you are part of…

A: Principal amount borrowed (P) = $500Rate of interest (r) = 0.5% per monthTime = 6 months

Q: Jie purchased a computer priced at $1316.21, financing it by paying $60.16 on the date of purchase,…

A: A loan refers to a contract between a lender and a borrower where money is forwarded by the lender…

Q: calculate the APR on the loan. round to two decimal places

A: Purchase price2300Down payment600Loan amount1700No.of payments48Payment Amount42.5Monthly…

Q: Carl’s house payment is $2,574 per month and his car payment is $871 per month. If Carl's take-home…

A: House Payment to income ratio is the ratio which calculates the amount spend from your monthly…

Q: Prisha received a loan of $25,000 from the bank at 3.50% compounded monthly. If she had to repay…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: Jimmette currently has savings in the amount of $46627 in an account that earns 5.9% compounded…

A: Annuity is a series of regular payments or withdrwals made at a regular interval for a period.…

Q: Abigail received a loan of $41,000 from the bank at 5.75% compounded monthly. If she had to repay…

A: Using Excel

Q: If you buy a computer directly from the manufacturer for $2,815 and agree to repay it in 36 equal…

A: Present value = pv = $2815 Compound = monthly = 12 Number of payment = n = 36 Interest rate = r =…

Q: Joseph received a loan of $40,000 from the bank at 4.25% compounded monthly. If she had to repay…

A: Mortgage/ Borrowings:  Borrowings are the loans taken by an individual, from banks or non-banking…

Q: If you buy a computer directly from the manufacturer for $2,456 and agree to repay it in 36 equal…

A: a)Monthly Payment Monthly Payment = P * r * [(1+ r n] / [(1+r n) -1] where, P = Principal borrowed…

Q: I need help working out this problem. Please explain in detail.   Polly Flin borrowed $5,000 for 60…

A: The question is based on the concept of simple interest calculation and adjustment in principle by…

Q: 17. In January, Joanna deposited $250 into her savings account. In February, she deposited an…

A: Solution:- When an amount is invested somewhere, it earns interest.

Q: Panpan purchased a car. She paid 250,000 as down payment, and 5,500 payable at the beginning of each…

A: Equivalent cash price refers to the equivalent present cost of the car at the time of purchase. It…

Q: Dila just deposited $10,600 into an account that pays 7.4% p.a.. but with daily compounding (i.e.,…

A: The concept of time value of money will be used here.As money earns interest its worth changes with…

Q: If you buy a computer directly from the manufacturer for $2,417 and agree to repay it in 36 equal…

A: 1. Present value of annuity. PV = A * 1-(1+r)-nr where , PV = Present value of annuity. A = periodic…

Q: If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the…

A: Interest received = $36.44 Interest rate = 0.06 or 6% Number of days = 10 Amount deposit = ?   In…

Q: ou could earn 3% on your money in your checking account, as long as the minimum balance does not…

A: The cost of checking account is the total cost which one has to bear for not maintaining the minimum…

Q: arl’s house payment is $1,270 per month and his car payment is $465 per month. If Carl's take-home…

A: Given Information : Carl's house payment per month = $1,270 Carl's car payment = $465 Carl's…

Q: annual

A: Introduction: The effective rate can be defined as the usage rate which a borrower would use to pay…

Q: Tom deposits $100 to his investment account at the end of each month for the first n month, and $200…

A: We have a series of annuity running for first n months and then another one running over next 2n…

Q: Rajiv has a part-time job on the weekends. His net earnings for one month are shown. Pay Date Net…

A: Savings on April 01  is $142.40 Savings on April 08 is  $137.29 Savings on April 15 is $143.57…

Q: s a gross monthly income of $3,900. She has 15 remaining payments of $189 on a used car. The taxes…

A: TDS is the total debt ratio that is the ratio of the monthly housing payment plus other debt divided…

Q: An accountant purchases a T-bill with a face value of $4,000 for $3,955. If the term of the T-bill…

A: Treasury bills, often referred to as T-bills, are short-term debt securities issued by a government,…

Q: If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the…

A: To calculate the deposit amount we will use the below formula   Deposit amount = I/(r*d/365) Where I…

Q: Michelle bought a new car for $⁢34,000. She paid a 20% down payment and financed the remaining…

A: A loan refers to a contract between two parties where an amount is forwarded by one party to the…

Q: Kaye deposited $8,500 into a savings account today. For how long can $600 be withdrawn from the…

A:

Q: Kaye deposited $5,000 into a savings account today. For how long can $440 be withdrawn from the…

A: Monthly payment refers to an amount that is paid at every period for the repayment of a loan amount…

Q: An accountant purchases a T-bill with a face value of $5,000 for $4,975. If the term of the T-bill…

A: The question is based on the concept of Financial Management. In the given question the difference…

Q: cecilia invested $5000 in an account four years ago. Today her account has a balance of $6200. Given…

A: Present value=$5000Future value=$6200Period= 4 yearsPeriod= 16 quarters

Q: The rent is $1200 per month. The landlord requires first and last month’s rent, security deposit…

A: Amount payable = First month rent+Last month rent+ security deposit+credit fee

Q: On July 28, you get a 7.9% $2,700 furniture loan with monthly payments of $125. Your first payment…

A: Given: Loan amount = $2700Monthly payment = $125Interest rate = 7.9%

Q: Tabitha had to pay her friend $900, 4 months ago and she has to pay $630 in 4 months. If her friend…

A: The present value is the current date value of the annuity that can be determined by discounting the…

Q: On the first of February, Rosa Maria deposits $19,500 in an account earning 5.7% simple interest per…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…