Q: It refers to annuity that doesn’t start until some time in the future. a Late Annuity b…
A: An annuity refers to a contract designed to provide a certain a amount of income which is payable at…
Q: Investn S, I Saving and investment
A:
Q: Jenny wishes to double her financial fund and the bank gives her 8% rate of interest annually, how…
A: Here, Jenny deposited its money in a financial funds at the annual interest rate of 8% and she wants…
Q: Why does the user of an income statement need to know the time period that it covers?
A: Income statements are a record of all income received by an individual from different sources in…
Q: The amount which from the transaction entered by the person who borrows money called the debtor or…
A: Answer-
Q: (a) Calculate the amount deposited 1 year ago to have $1000 now at an interest rate of 5% per year.…
A: (a) Total amount accumulated $1000 is equal to the actual deposit plus the interest gain. If X is…
Q: 1 Curve for a loan relates the interest rate of the loan
A: yield bend, in financial matters and money, a bend that shows the interest rate related with various…
Q: We need to find an effective interest rate that covers the payment period. Illustrate this concept…
A: Effective interest rate can be described as the interest rate gained or paid in actual on a project.…
Q: Fill in the missing interest factor: (A/G, i%, N)(P/A, i%, N) = (———).
A: The present worth of uniform series is given by the formula (P/A, i%, N). On the other hand, the…
Q: What is fractional ownership?
A: Ownership:The term ownership refers to the legal right or exclusive right over the commodity. For…
Q: what is continous and discrete payments?
A: Discretely compounded interest is calculated and added to the principal at specific intervals (e.g.,…
Q: carlos invests $6000 in a 24 month CD that has a 4.75 interest rate. use the formula to find how…
A: Certificate of Deposit (CD) The investors and the authorised banking and financial institution sign…
Q: If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was…
A: here we calculate the interest rate charged which are as follow-
Q: You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of…
A: The lending amount is RM6000.
Q: Summarizes some of the interest formulas?
A: Simple interest = (P*R*T)/100 where, P : Principal amount R : Rate of interest per annum…
Q: What is the cheapest loan?
A: A loan is the lending of money by an individual or a group to another individual or a firm, with an…
Q: Rewrite it
A: The article is about the PPF. PPF refers production possibility frontier, which is also known as the…
Q: Actual rate of interest on the principal for one year. A Nominal Interest B Compound Interest
A: The rate of interest on principal is returns for postponing consumption or spending. High rate of…
Q: 2. is/are repaid in monthly payments. O Bankruptcy Credit O Installment loans IOU's
A: An installment loan is normally a one-time loan that provides amount in a lump sum. Lender…
Q: What is the future amount is due at the end of the loan period
A: Here T = 13 months R = 20% P = 2000
Q: Toni received a loan of $200,000 at 10% interest. The interest was deducted from the loan at the…
A: SI=P*R*T/100 where, P-Principal R-rate of interest T-time
Q: Living in retirement 25 years Retirement age 65 Annual income $100,000 Interest Rate 6% Need 2…
A: Answer - Need to find- Present value Given in the question- Living in retirement 25 years…
Q: Can you explain the meaning of a 20% annual percentage rate (APR) quotedby the credit card company?
A: Annual percentage rate (APR) applies to the interest rate charged annually to borrowers and billed…
Q: What is the compounding process?
A: The interest rate earned on a financial asset or paid on a financial obligation can be applied in…
Q: college student borrowed $46,000 to pay for tuition, room, and board. Some of the money was borrowed…
A: * SOLUTION :-
Q: How to convert daily interest rate into monthly interest rate?
A: Calculating the annual equivalent of a daily charge or per diem interest, or compounding annual…
Q: What type of interest is the capital invested in a transaction is principal and at any time after…
A: Interest can be determined in two ways: simple interest or compound interest. Simple interest is…
Q: Unique answer asap thanks
A: We know that The money demand refers to the total amount of all the money demanded in the economy.…
Q: Please assist
A: The change in demand or supply because of factors other than price of the good shifts the demand or…
Q: Joseph buys a new home using an interest only loan where he pays only the interest on the value of…
A: The value of home (P) = $200000 Interest payment on home (r ) = 5% Time (t) = 1
Q: Calculate the value of APS if Savings is $320 million and income is $420 million
A: The information being given to us is as follows:- Savings = $320 million Income = $420 million We…
Q: Please sir answer a to d I will rate sir please A to d
A: A - For good Y, moving from point A to B, production of Y increases from 5 to 10 and production of…
Q: Suppose you want to have $600,000 for retirement in 25 years. Your account earns 10% interest. How…
A: Given: Amount at retirement=$600,000Time=25 yearsRate of interest=0.10
Q: Explain what is Principal Plus Interest?
A: Principal plus interest is that amount which is paid by the borrower to the lender after the agreed…
Q: Use Excel to calculate the total interest on a car loan paid monthly given the following values:…
A: Rate of interest =4.39% p.a. =4.39/12 =0.366 approx Total Interest=…
Q: New nominal interest rate:
A: Money Demand Function: Money demand function shows the effect of some aggregate economic variables…
Q: The is an initial payment toward the purchase of the item financed.
A: Credit purchase refers to a type of purchase in which the buyer does not make a payment through cash…
Q: You borrow $500 from a family member and agree to pay it back in six months. Because you are part of…
A: Interest rate: It refers to the rate at which the person who had borrowed money from any person has…
Q: Bobby took out a single loan for $500 and paid a $50 fee. His loan is due in 1 week. Find the…
A: Here, given information is; Principal amount: $500 Interest amount: $50 Time period: 1 week To…
Q: What is a transfer payment?
A: A transfer payment is a unilateral payment transferred to a person who has not exchanged money,…
Q: How many years would it take to take an investment of $28,000 to double 11% annual interest?
A: Present amount is 28000 and future amount is 2*28000 with rate of interest of 11%
Q: What refers to the ratio of the interest payment to the principal for a given unit of time and…
A: For the production and consumption of goods, economic agents have derived a barter system. In the…
Q: years from now at an interest rate of
A:
Q: What is the meaning of interest rate
A: Financial institutions play an important role in an economy. They collect money from people who have…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- If your receive $500 in simple interest on a loan that you made for $10,000 for 5 years, what was the interest rate you charged? Please show how you got to the answerBobby was desperate. He borrowed $600 from a pawn shop and understood he was to repay the loan starting next month with $100, increasing by $10 per month for a total of 8 months. Actually, he misunderstood. The repayments increased by 10% each month after starting next month at $100. Use a spreadsheet to calculate the monthly interest rate that he thought he was to pay, and what he actually will pay.You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?
- Help me complete the spreadsheet?what is continous and discrete payments?When a loan is amortized, it means: a. The principal is never repaid, only interest b. The principal and interest are paid off by the borrower over the life of the loan c. The borrower is in default d. The interest is due entirely at the maturity date
- As one of the loan officers for Grove Gate Bank, calculate the monthly principal and interest, PI (in $), using this table and the monthly PITI (in $) for the mortgage. (Round dollars to the nearest cent.) Amount Interest Financed Rate $220,000 7.50% Term of Loan (years) 25 $ Monthly PI Annual Property Tax $6,543 Annual Insurance $2,126 $ Monthly PITIA set aside $500 annually in a trust fund which allows interest at 5% effective. What amount does A have to his credit just after the 15th deposit has been made?It refers to annuity that doesn’t start until some time in the future. a Late Annuity b Regular Annuity c Deferred Annuity d Gradient Annuity