mortgage, what is the total amount of interest? *
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A: Note Since you have asked multiple question , we will solve the first question for you. If you want…
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Q: #4: On the day you were born your grandmother put $10,000 in a bank account for you that earned 5%…
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A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below
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A: Given that, P = $9000 r = 7% n = 1 year By formula, Simple Interest = Pnr100
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Q: You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…
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Q: On January 7, 2018, $4000 was deposited into an account which earns 5% annually. Assuming simple…
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Q: (a) What is the rebate fraction of a 36 month loan paid off after the 13th payment? (b) What is the…
A: Use the Formula of rebate fraction to solve this problem.
Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.
A: We have direct formula for simple interest.
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A: Given, Total accumulated wealth= 200,000Rate, R= 9%=0.09Time ,t=13 ( quarterly ) To find: Amount to…
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