Determine the interest to be paid from a loan of $2900 borrowed at 4.5% compounded annually for 10 years.

Find the present value of the ordinary annuity. Payments of $550 made annually for 13 years at 6% compounded annually

Find the new balance for $1,000 left on deposit for 6 months at 4% interest compounded quarterly.

Find the present value of the ordinary annuity. $170/month for 15 years at 4%/year compounded monthly

Mary secured a 6-year car lease at 5.90% compounded annually that required her to make payments of $889.94 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $2,750.   Round to the nearest cent

What is Power and Multiple Rules?

Calculate the amount of simple interest you would pay on a loan of $20,000 at a rate of 5.6% per annum for three years

Find the final account balance for a monthly deposit of $75 for ten years at 4% interest, compounded monthly.

What is the monthly payment on a 30-year mortgage of $100,000 at 8% interest per year, compounded monthly? What is the total amount paid on this loan over the 30-year period?

You would like to have $25,000 set aside for your child’s college fund in 12 years by making regular,semiannual deposits in an annuity that pays 6% compounded quarterly. How much should you deposit at the end of every four months? Round to the nearest cent.