$20,000 is invested for 6 months at an annual simple interest rate of 2%. (a) How much interest will be earned? $   (b) What is the future value of the investment after 6 months? $

Q: $13,000 is invested for 2 months at an annual simple interest rate of 6%. a) You will earn $ in…

A: The given question is solved below.

Q: BOND FUND The community college where Roman Rodriguez works has an endowment funded by alumni and…

A: From the given information, identify the values of the principal investment (P), the annual interest…

Q: $11,000 is invested for 9 years at an annual simple interest rate of 11%. (a) How much interest…

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Q: You borrow $48,000 at 8.7% compounded monthly.  If you make monthly payments for 10 years, how much…

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Q: Investment If an investment at 7% simple interesthas a future value of $5888 in 12 years, what is…

A: Given that if an investment at 7% simple interest has a future value of $5888 in 12 years. To find…

Q: $12,000 is invested for 3 years at an annual simple interest rate of 15%. (a) How much interest…

A: (a) Consider the formula for the simple interest is, SI=PRT Then, SI=12000151003=$5400 Thus, the…

Q: $20,000 is invested for 9 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: Find the future value of each deposit if the account pays (a) simple interest, and (b) interest…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

Q: 30,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

A:

Q: Find the future value of an annuity due with an annual payment of ​$7,400 for two years at 9.2​%…

A: We will find out the required future value of annuity due.

Q: You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the investment…

A: To find- You deposit P 750 in an account paying 7.3% simple interest. Find the future value of the…

Q: Find the future value of annuity due with an annual payment of $11,000 for three years at 5% annual…

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Q: You decide to invest $500 into a three year CD that pays 4.75% interest compounded monthly. Use the…

A: Answer and explanation is given below...

Q: $10,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

A: Using the formula for simple interest we can find solution for a and add with this simple interest…

Q: You want to buy a new car. You can afford payments of $500 per month and can borrow the money at an…

A: From the given data,A=$500 per month.Interest rate of 5.7% compounded monthly for 5 years.

Q: You deposit $9000 in an account that pays 5.5% interest compounded quarterly.   A. Find the future…

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Q: Find the present value of an investment that earns 2% simple interest per year and is worth $10,000…

A: The formula that deals with simple interest is: A = P (1+rt ) where  A= final amount after t years…

Q: $25,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given: Principal Amount P=25000 Time N=6 months =6/12 Rate of interest = 3%

Q: You deposit $3000 in an account earning 8% interest compounded monthly. How much will you have in…

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Q: Sonny invests $8,000 into an account earning 7.5%.  He leaves it there for 5 years.  What is Sonny’s…

A: Topic= Algebra

Q: invest in an ordinary annuity $3000 annually at 7% annual interest. What is the future value of the…

A: Given query is to find the future value , total investment and intrest earned.

Q: $10000 is invested for 6 years at an annual simple interest rate of 16% a)How much interest will be…

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Q: Zero-Coupon Bonds How much should a $10,000 face-value, zero-coupon bond, maturing in 10 years, be…

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Q: $10,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: It is given that,$10,000 is invested for 9 months at an annual simple interest rate of 2%. we have…

Q: $30,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given  Amount invested = $30000 rate = 3% per annum time = 6 months

Q: You want to buy a $19,000 car. The company is offering a 3% interest rate compounded monthly for 60…

A: Given that you want to buy a $19,000 car. The company is offering a 3% interest rate compounded…

Q: $11,000 is invested for 6 years at an annual simple interest rate of 16%. (a) How much interest…

A:

Q: Find the simple interest on a $2,000 investment made for 5 years at an interest rate of 5% per year.…

A:

Q: 14,000 is invested for 3 years at an annual simple interest rate of 16%. (a) How much interest will…

A: a) Consider the given data, Principal, P=14000Rate, R=16%Time, T=3 year The Simple Interest will be…

Q: You deposit $5000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The principal amount is P = $ 5000. Rate of interest is r = 5%. The number of times the…

Q: $10,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A:

Q: $10,000 is invested her sick Siri set an annual simple interest rate of 16% what is the future value…

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Q: To offer scholarships to children of employees, a company invests $10,000 at the end of every three…

A: (a) It is given that, P = $10,000, r = 0.09, n = 4 and t = 10. Substitute P = $10,000, r = 0.09, n =…

Q: Typos borrowed $16500 to pay for the wedding of his daughter. Typos repair the loan after 3 years…

A:

Q: You want to buy a new car. You can afford payments of $275 per month and can borrow the money at an…

A: Here, I am solving 1st part only and please post the 2nd part of the question againGiven,…

Q: You deposit $4000 in an account earning 2% interest compounded monthly. How much will you have in…

A: From the provided information FV=P*((1+r)n-1r)FV=4000*((1-0.02)5-10.02)FV=20816

Q: You want to buy a new car. You can afford payments of $350 per month and can borrow the money at an…

A: Given query is to find the loan amount and interest paid.

Q: $12,000 is invested for 5 years at an annual simple interest rate of 18%.  - how much will be…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A:

Q: $20,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest…

A:

Q: $25,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest will…

A: Given that $25000 is invested for 9 months at an annual simple interest rate of 2%.

Q: Investments Find the 7-year future value of aninvestment of $20,000 placed into an account thatpays…

A: The amount of investment is $20,000 The time period of the investment is 7 years The rate of…

Q: Ami opened a savings account at a bank that charged a nominal interest rate of 12% by depositing a…

A: When it is not mentioned which subpart of a question to be answered, only first 3 parts are solved.…

Q: In order to start a small business, a student takes out a simple interest loan for 8000.00 for 3…

A: The objective is to find the interest and future value.

Q: Use the formula for computing future value using compound interest to determine the value of an…

A:

Q: $10,000 is invested for 3 months at an annual simple interest rate of 2% (a) How much interest will…

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Q: Annuities Find the present value of an annuity thatwill pay $500 at the end of each year for 20…

A: Annuity is similar to a long term insurance that we pay periodically and receive disbursements in…

Q: Investments Suppose $3000 is invested in anaccount that pays 6% interest, compounded monthly.What is…

A: Here we have,  Present value (PV)=$3000 Interest rate r =6%=6100 compounded mounthly time t=12 years…