on july 10, 2005, wendy chapman borrowed dollar 12,000 from her aunt nelda.if wendy agreed to pay a 9% annual rate of interest, calculate the dollar of interest she must pay if the loan is for 1 year.Answer in 2 decimal places, without currency.
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am. 112.
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- Michelle borrows 5,000 for 6 years at 8% rate. At the end of 6 years, she decided to renew the loan for the amount due plus 3,000 more for 2 years at 8%. What is the lump sum due?On June 3, 2022 Fred loaned P198143 in a bank. It was agreed that he will pay the amount with 11.2% rate of interest on October 10, 2022. What is the total amount of money Fred should pay? (Use banker's rule.)You deposit $ 9,030 in an account that pays 3 % simple interest. How much do you have after 4 years? If needed, round your answer to zero decimal places.
- 1.9 deposits increasing at a constant rate of 2.7% are made at the end of each year. The first deposit was 1349 and fund earns 5.1% compounded annually. What is the future value of the periodic constant growth payments? Answer to two decimals, do not use $ signs or commasYou purchase a car today using a loan of $19000 APR 6%. If your plan is to pay during 5 years with equal monthly payments: Instructions: • Use 4 digits in your calculations and reporting the answers. • Do not write commas or apostrophes. • Do not write $ (dollar sign) or any other symbol, just write the number. a) How much do you need to pay each month? (estimate each month 30 days) has USD per month b) How much did you really pay after the 5 years considering all monthly payments? USDHow much do you have to deposit now a with second deposit in the amount of $700 at the end of the first year so that you will be able to withdraw $150 at the end of the second year through the fourth year, and $600 at the end of the fifth and sixth year, if the bank pavs you 4% annual interest on your balance ? Use the factor table please
- Mr. Mallari borrowed P200, 000. The terms of the loan are 10% interest for 10 years with uniform payments. He just made his third annual payment. How much principal does he still owe?You borrowed an amount of $15,000 and paid it $20,223 in 3 years. If the interest rate was compounded monthly, what is the nominal interest rate?It is likely that airplane tickets will increase 8% in each of the next 5 years. The cost of a plane ticket at the end of the first year will be 10622. How much money would need to be placed in a savings account now to have money to pay for a trip at the end of each year for the next 5 years? Assume the savings account pays 2% annual interest. Round your answer to 2 decimal places.
- QUESTION 1 A student has inherited $5,000. If it is placed in a savings account that earns 4% interest, how much is in the account in 30 years? Assume that the unit for your answer is in $. Only state the numeric value of your calculation.Enrico Suarez has decided to purchase a house instead of renting anapartment. He can a ord a monthly payment of $800, and he has saved $6,000 to use as a down-payment on a house. If the mortgage is 4% nominal interest (compounded monthly) on a 30-yearloan, how much can Enrico a ord to spend on a house?Mr. Ayala borrows 1500 pesos. In 4 years the money become 2300 pesos compounded bimonthly. Find the nominal interest.