Simple PV Interest Days Method FV $3,530,333.00 8.77% 270 Exact O a. $3,762,540.65 O b. $3,759,359.73 O c. $229,026.73 O d. $309,610.20

Q: Farah borrows $1588 for 5 years at a simple-interest rate of 6%. Then the interest will be: $833.70…

A: in the given question we have to tell about the total intrest money given on$1588 at the simple…

Q: Lucky Champ owes $191.25 interest on a 6% loan he took out on his March 17 birthday to upgrade an…

A: Given

Q: At an annual effective rate of interest i = 4%, find the PV of a perpetuity- immediate with annual…

A:

Q: Suppose you invest $3,100.00 in an account with an annual interest rate 12% compounded monthly (1%…

A: Annual interest rate = 12% That is, 1% each month.

Q: Simple PV Interest Days Method Total Interest $61,273.00 3.19% ? Ordinary $592.58 a. 109 days O b. 3…

A:

Q: Prinicpal                13,800 Rate %                  9.4 Time                      3 3/4…

A:

Q: Principal          185,000 Rate %              15 1/2 Time                  5 months Interest…

A: Given data:   The given principal is P=185,000. The given rate of interest is r=15 1/2 %=31/2 %. The…

Q: Simple PV Interest Days Method Total Intere $8,037.00 6.22% 280 Ordinary O a. $8,425.81

A: Given: PV=$8037Simple interest = 6.22%Days =280

Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

Q: The bank approved Sylvie for a $250,000, 15-year mortgage with an APR of 3.95%

A: Given that Sylvie was given approval from the bank for a $250000 with 15-year mortgage with a 3.95…

Q: Simple PV Interest Days Method Total Interest $107,660.00 3.08% 180 Ordinary O a. $1,635.25 O b.…

A:

Q: A principal amount of $1,300 is placed in a savings account with an annual interest rate of 5.95%…

A: Given that, the principal amount of  is placed in a savings account with an annual interest rate of…

Q: Find the value of a retirement savings account paying an APR of 5.4% after 40 years (contributions…

A:

Q: Principal             890,000 Rate %                13.35 Time                    9 months…

A: Given: principle=890,000 Rate % =  13.35 time =9month t=912year rate=13.35100

Q: Suppose you saw an advertisement in the newspaper for a financial planner who was recommending a…

A: Supposed principal amount is Compounded quarterly, Rate, APY given that=3.34 %

Q: A new product will earn $350 in year 1, but will cost 200 in year 5 and then earn $800 in year 6.…

A:

Q: You want to buy a $28,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

A: Solution is given below:

Q: ​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 5.4 % compounded…

A: The objective of this question is to determine the amount that can be borrowed from E-Loan given the…

Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

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Q: Calculate how much needs to be invested in a no-load mutual fund that yields 5% if $28,750 is needed…

A:

Q: Find the balance of an account that starts with $12,000 at a 4.8% annual interest rate after 7…

A: Given  Principal P= $12000 Rate of interest = 4.8% = 0.048 Time T = 7 years.  We have to find the…

Q: If you deposit $ 6500 into an account paying 8 % annual interest compounded monthly, then the money…

A:

Q: A couple makes a one-time investment of $4,000 in a five-year certifi- cate of deposit that will…

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Q: calulate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

A: Calculate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

Q: Find the total return earned by the bond with the characteristics shown in the tabel   face value.…

A: To calculate the total return, you need to know the total interest that you have earned during the…

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A:

Q: The annual interest rate of Jackie's savings account is 6,4%, and simple interest is calculated…

A:

Q: A principal amount of $14,390 is placed in a savings account with an annual interest rate of 3.13%…

A: The compound interest formula is:Where,  is the principal, is the annual rate of interest,  is the…