Pâmela is interested in buying a motorcycle, whose cash price is R$4,500. Pâmela intends to pay a down payment of R$600 and the remainder in 12 monthly installments. Calculate what will be the value of the installments if the rate is 4% per month.

Calculate the simple interest on a 3-year loan for $3,600 at an annual interest rate of 8%.

How long will it take money to double if it is invested at (A) 11% compounded continuously? (B) 13% compounded continuously? (A) At 11% compounded continuously, the investment doubles in years. (Round to one decimal place as needed.) (B) At 13% compounded continuously, the investment doubles in years. (Round to one decimal place as needed.)

Compound interest is a very powerful way to save for your retirement. Saving a little and giving it time to grow is often more effective than saving a lot over a short period of time. To illustrate this, suppose your goal is to save $1 million by the age of 70. What amount of money will be saved by socking away $3,038 per year starting at age 23 with a 7% annual interest rate. Will you achieve your goal using the long-term savings plan? What amount of money will be saved by socking away $20,406 per year starting at age 48 at the same interest rate? Will you achieve your goal using the short-term savings plan? Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. The future equivalent of the long-term savings plan is $. (Round to the nearest dollar.) C