If $1 million face amount of commercial paper(270 day paper) is sold for $982,500, what is the simple rate of interest paid? What is the compound annual rate?

Q: What is the number of months required for a deposit of $1320 to earn $16.50 interest at 3.75%?

A: Deposited amount or principal balance is $1320 Interest earned is $16.50 Interest rate is 3.75% To…

Q: What would be the annual percentage yield for a savings account that earned $60.00 in interest on…

A: Annual Precentage Yield = (Annual interest / Principal amount ) x 100Note : 365 days = 1 year

Q: Your company was charged $44.19 interest on an overdue amount of $6,275 that was 20 days overdue.…

A: The interest is the fixed financial charge which is required to be paid by the borrower to the…

Q: You invest 185 000 TL to a bank deposit account at gross rate of %24.5 for 65 days. If the…

A:

Q: f a Condura Ref. costs P 24,830 will have an interest of P 2505 monthly that is payable for a year,…

A: The rate of interest is the basis for the calculation of monthly, annual, or quarterly interest. Any…

Q: Suppose you invest $1,500 in an account paying 6% interest per year. How much of this balance…

A: Interest earned refers to the profit over the investment earned by the investors at a specified rate…

Q: Suppose that a company borrows 20,000 for 1 year at a stated rate of interest of 9 percent. What is…

A: Annual percentage rate (APR) if interest is paid to the lender annually = (1 + Stated rate / Number…

Q: Bank A pays 10% interest compounded annually on deposits, while Bank B pays 9% compounded daily.…

A: Bank A interest = 10% annually compounded Bank B interest = 9% daily compounded (365 days of…

Q: What was the annual rate of simple interest offered on a savings of $7106 if the amount of interest…

A: What was the annual rate of simple interest:- Given information:- Savings(P)…

Q: What will be the total interest earned on a 6%, $2,000 note receivable that is due in nine months?

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: How much is the exact interest earned if 4500$ is lent at 12% for 125 days?

A: Interest is the amount charged or received on the amount borrowed or invested for the particular…

Q: per the nearest cent.) first quarter second quarter third quarter fourth quarter Este the interest…

A: In compound interest there is interest on interest including interest on original deposit and due to…

Q: What is the interest accrued on $6,500 at 6% for 60 days?  (Express your answer in whole dollars.)

A: The problem is asking us to calculate the interest accrued on a principal amount of $6,500 at an…

Q: $13,376.39 was the interest earned on lending $94,600.00 for 7 years, what was the quarterly…

A: In compounding there is interest on interest including the principal amount and more is compounding…

Q: What would be your annualized discount rate% on the purchase of a 170-day Treasury bill for $4700…

A: Annualized discount rate can be calculated as: = (Maturity amount - Initial amount) / Initial amount…

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: What would be the annual percentage yield for a savings account that earned $54 in interest on $750…

A: Investment amount = $750Interest earned = $54

Q: Suppose that ​$290,000.00 is owed on a house. The monthly payment for principal and interest at 8.0%…

A: The amount paid by the borrower on the amount owed is regarded as interest rate.

Q: What annual interest rate is earned by a 20​-week T-bill with a maturity value of $2,900 that sells…

A: The time value of money states that the money we have today has more worth than the money we are…

Q: A person invests $1000 at 3% compounded monthly. When will the  account have $1800 in it?

A: Time value of money means the amount of money received in the present period will be worth more…

Q: An amount of $124 is paid at the end of every month into an account. If the nominal interest rate is…

A: Here, Monthly Amount is $124 Interest Rate is 3.02% Compounding Period is Semi Annual Payment Period…

Q: What is the total amount that must be repaid on the following note $8,543 borrowed at 14.5% simple…

A: Simple interest is interest without compounding.

Q: Assume that a one-year CD purchased for $1000 pays an APR of 6% that is compounded semi-annually.…

A: Here, Value of CD is $1,000 Time Duration is one year Interest Rate is 6% Compounding period is…

Q: What amount of money will accumulate to $8193.9 in 94 days at an interest rate of 3.5% p.a.?

A: Present Value :— It is the value of future money at present day.   Present Value = Future…

Q: 1) what is the discount yield on a 9-month T-bill sold for RM925, assuming there are 365 days in a…

A: T bill are sold at discount to face value the discount rate is YEILD on T bills.

Q: Suppose you take out a loan for $7,000, at 12% ordinary interest. If the amount of interest is $672,…

A: Principal Amount = p = $7000 Interest rate = r =  12% Interest amount = i = $672

Q: When compounded quarterly P12,000 becomes P 20,415.23 after 4 yrs. What is the nominal rate of…

A: Present value (PV) = P12000 Future value (FV) = P20,415.23 Period (t) = 4 Year Number of compounding…

Q: 1000 dollars is deposited into an account at the beginning of the year and the value at the end of…

A: The future value of cash flow is the future worth of a cash flow at a certain rate of interest and…

Q: If $635 is borrowed for 220 days at 7.65% simple annual interest, how much will be repaid at the end…

A: Future value can be referred to as the value of an underlying asset or security at a future date.…

Q: What is the interest if $200 is borrowed for 24 months at 10% simple interest? Interest = $

A: Given Principal = $200 Rate = 10%

Q: What amount of money will accumulate to $8365.5 in 337 days at an interest rate of 8.6% p.a.?

A: Accumulate amount is equal to interest plus principal amount. Here aked to. Calculate principal…

Q: What is the number of months required for a deposit of $1320 to earn $16.50 interest at 3.75%?

A: Information Provided: Deposit = $1320 Interest amount = $16.50 Interest rate = 3.75%

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.