principal: $17,300 interest rate: 20% compounded quarterly calculate the effective rate (apy) of interest for 1 year. (do not round intermediate calculations. round your final answer to the nearest hundredth percent.): Effective Rate%: ??

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: Peter purchased a cottage for $360,000. He paid $32,500 down and agreed to make equal payments at…

A: Solution-The price of the cottage =$360000Down payment=$32500Rate(r)=3.2% or 0.032Time(t)=8…

Q: ind Principal when Time 4 years, Interest = $ 400; Rate = 5% p.a. answer (Should be in 4 significant…

A: Solution:  given time T=4 year , interest I=$400  rate R=5%  to find principal  value=?

Q: Find the interest earned: $9,900 for 24 months at 7.8% annual simple interest

A:

Q: principal = $1500, compounded daily, 1 year, annual rate = 6%

A: Given that, Principal = $ 1500 It is compounded daily for 1 year Annual rate = 6%   As we know  The…

Q: Find the interest on the following loan. $5386 at 6%; loan made on August 11 and due December 16 The…

A: We have to Find the interest on the following plan $5386 at 6%,loan made on August 11 and due on…

Q: Find the ending balance: $45,000 for 18 months at 4% annual compound interest

A:

Q: Estimate the annual percentage rate for the add on loan using the given number of payments and…

A: Given n=42 and r=5.9% We have to estimate the annual percentage rate for the add on loan by using…

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

Q: Omar wants to take out a loan to buy a car for $16,000. The interest rate is 2.55% per year and the…

A:

Q: Fritz buys a car costing $10,500. He agrees to make payments at the end of each monthly period for 8…

A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

Q: You take out a loan to purchase a car for $7600. The bank offers you 3.8%, compounded monthly for 4…

A: Interest = $ 26525.22

Q: Blake Hamilton has money in a savings account that earns an annual interest rate of 4%, compounded…

A: The objective of this question is to calculate the Annual Percentage Yield (APY) for Blake's savings…

Q: Jackie took out a $9000.00 personal loan with a 4.5% interest rate that she will pay back in 3…

A:

Q: 4. Maryam has $6800 in a daily-interest savings account. The account pays an annual interest rate of…

A:

Q: Kelly paid off his student loan in 3 years by making payments of $650 at the beginning of every…

A:

Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: Find time (years) if the interest is ₱2300, the principal is ₱9900 and the rate is 5%

A: Solution

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Peter took a loan of $15000 from TD bank, the interest rate is 12% compounded monthly. Peter plans…

A: To calculate the amount of interest in the 25th payment for Peter's loan, we can use the formula for…

Q: principal = $20,000, compounded quarterly, 3 years, annual rate = 12%

A: We have been given the principal = $20,000, compounded quarterly, 3 years, annual rate = 12% = 0.12

Q: principal = $50,000, compounded quarterly, 10 years, annual rate = 9.5%

A: Consider the given information Principal p=50,000n=4t=10r=9.5% Use compound interest formula Amount…

Q: Mitchell invested $4583 at 5.61% compounded quarterly. Calculate the accumulated value of the…

A:

Q: $10,000 put in bank account for 40 years at 3% interest, compounded monthly?

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $514 per month…

A:

Q: Barrack buys a car costing 25600 $. He agrees to make payment at the end of each monthly period for…

A: