Calculate the simple interest earned. Round to the nearest cent. P = $9080, r = 5.25%, t = 4 months

Q: Find the present value of the given future amount. $43,000 for 22 months at 5% simple interest

A: Answer  Future Value $43,000 Time 22 Months Period In Years 1.83 Years Rate 5%

Q: Find the compound interest on a $3,500 investment at 0.5% compounded daily for 16 days. E Click the…

A: Compound Interest(CI) is method to provide interest where Interest is added to Principal for…

Q: Find the savings plan balance after 6 months with an APR of 9% and monthly payments of $200. The…

A: Future value refers to the value of an asset present today at some future date affected by interest…

Q: find the simple interest of the given amount (round to the nearest cent) $440 borrowed st 6 and…

A: simple interest is the interest calculated only on principle amount and it does not calculate…

Q: Find the periodic payment R required to accumulate a sum of S dollars over t years with interest…

A: The FV of an investment refers to the cumulative value of its cash flows at a future date assuming…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 6.8%, t = 25 days

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Find the required monthly payment to accumulate 2,000 in 1 year and five months at an APR of 4.34 %…

A: Future value annuity is the future value of series of cash flows calculated at specified rate for…

Q: Using Table 11-1, calculate the compound amount and compound interest (in $) for the investment.…

A: ANS- COMPOUND amount =$50,424 Compound interest=$28,424   Explanation:- Prinicipal =$22000 Time…

Q: Use the present value table to complete: (Round the "PV factor" to 4 decimal places and final answer…

A: Given, Future amount = $11,000   Number of periods = 6 years*4 Number of periods = 24   Rate = 12%/4…

Q: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.…

A: Present value is the discounted value of future value.  Present value compounded at a certain…

Q: Find the loan principal. Rate Time (Days) Interest Principal 12% 140 $11.40 ? The loan principal is…

A: Principal is a value which is deposited for a period and interest is computed on this value. It is…

Q: what would be the value of a saving account started with 2800, earning

A: The estimated value of a financial asset or investment at a particular future date, accounting for…

Q: Find the simple interest on $31,200 at 5.25% for 107 days. Assume 360 days in a year and 30 days in…

A: Simple interest is a method of calculating interest where the principal remains the same for each…

Q: Compute the interest. Round off your final answer up to 2 decimal places. 1. P27,000 at 6.5% simple…

A: Answer  1.    Principal = P27,000        Interest Rate = 6.5%        Year =  1 Simple Interest =…

Q: Find the equivalent future worth of the following payments. Use 6% interest rate compounded…

A: Interest Rate = 6% Compounded Annually Month Month (in Years) = Month / 12 Cash Flow 0 0.00…

Q: Assume the current Treasury yield curve shows that the spot rates for 6 months, 12 months, 18 months…

A: The Treasury yield curve is a graphical representation of interest rates on government bonds with…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2600, r = 5.9%, t = 6 months

A: Simple interest is the return which only the principal amount of the investment earns. There is no…

Q: Find the principal P that corresponds to the future value F = $10,000 under r = 5.2% interest…

A: To calculate principal P, we need to use time value of money formulae.

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple…

A: We need to use simple interest formula to calculate the simple interest. The formula is Simple…

Q: Calculate the nominal interest p.a. compounded daily that is equivalent to 3.7% p.a. compounded…

A: The equivalent annual interest rate is calculated by

Q: Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.…

A: Present value=Future value /  [ 1 + (Interest rate x Number of years)]

Q: Find the simple interest on a $1600 investment made for 3 years at an interest rate of 8%/year. What…

A: Simple Interest: The amount earned on an investment at a given rate of interest at the end of the…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.2%, t = 8 monthS

A: First, converting R percent to r a decimalr = R/100 =  = 0.062 per year,Total no. of years = =…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3900, r = 5.3%, t = 6 months

A: P = $3900 r = 5.3% t = 6 monnths

Q: Calculate the amount of interest that will be charged on $6290 borrowed for 2 months at 10.1%.…

A: Amount Borrowed (P)=$6290Interest Rate (R)=10.1%Time in months (T)=2 monthsRequired:Simple Interest…

Q: Determine the simple interest. 3 p= $1285.56, r= 1- -% per month, t = 11 months 10 3 The simple…

A: Principal Amount = p = $1285.56Interest Rate = r = 1%Time = t = 11 / 12

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3800, r = 5.9%, t = 6 months

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Find the simple interest. Assume a​ 360-day year. ​$5566.49 at 3.1​% for 65 days the simple interst…

A: Simple interest is very simple and there is no interest on interest and there is no compounding of…

Q: Suppose that P dollars in principal is invested in an account earning 3.2% interest compounded…

A: When interest is compounded continuously, it means that the interest is calculated on the amount…

Q: Find the simple interest. Principal Rate Time in Months $2000 4% 9 The simple interest is $ (Round…

A: Simple interest is a type of interest that is calculated only on the principal amount of a loan or…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $5000, r = 9.5%, t = 20 days

A: Simple Interest = P * r * t where, P = $5000, r = 9.5%, t = 20/365

Q: Find the simple interest. Principal Rate Time in Months $10000 8% 9 The simple interest is $ (Round…

A: Simple interest refers to the interest earned on the principal amount invested for a period of time…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3600, r = 5.3%, t = 6 months

A: The effective annual rate of interest is the actual or the real rate of interest paid or received…

Q: If $27895 is borrowed for 5 months and P688 is paid, then the annual simple interest rate is…

A: Simple interest is one of the form of interest in which interest is charged on original investment…

Q: onsider a loan at 4.125% APR on 6 years for a $23,000 car a. Estimate the monthly payment (using…

A: Equated Monthly Installments are one part of the equally divided monthly outgoes to clear off an…

Q: Payments are made to an account at a continuous rate of 100e0.5t from time t = 1 to time t = 3. The…

A: To calculate the value of the account at time t = 4 without using Python, we'll perform the…

Q: You invest $8,500 in a savings account that pays interest of 4.8% compounded monthly. To the nearest…

A: The future value function is applied when the investor wants to know how much he/she will get after…

Q: Find the future value of $1 000 at 7.8% p.a. simple interest over 14 months.

A: Simple interest does not consider the effect of compounding of interest over the period of time. The…