The following loan is discounted. Find (a) the discount, (b) the amount of money received, and (c) the true interest rate. P=$2460.00 r= 6.5% t=5 years

Q: Quarterly withdrawals of $850 for 7 years; interest rate is 4.9% compounded quarterly. Find the…

A: The formula is:A=P1+r4004Twhere P=principal amountr=rate of interestT=time

Q: The Cauchy distribution has probability density function: f(x) = c/(1+x2) where -∞<x<+∞ Evaluate…

A: Given that the Cauchy distribution has a probability density function; f(x)=c(1+x2), -∞&lt;x&lt;∞ 1.…

Q: Consider a home mortgage of ​$200,000 at a fixed APR of 4.5​% for 25 years.   a. Calculate the…

A: Given :Principle = 200000APR = 4.5%Time = 25 years

Q: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

A:

Q: Mr. Geconcillo has a P50,000 loan with interest at 14% compounded monthly due 3 years starting…

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Q: Calculate

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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Q: (a) the monthly payment and (b) the total interest for the given simple interest amortized loan.…

A: Here in the given question:…

Q: Find the compound amount for the following deposit. $13,000 at 7% compounded quarterly for 9 years.

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: You borrow $2,000 from Gougo's , a well-known loan consolidation outfit . The loan is an…

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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: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: Given, Amount=A= $ 12543 Time period= t= 3 Quarterly payments= $ 950 It is also given that…

Q: A loan of $2000 is being amortized over 48 months at an interest rate of 12% compounded monthly.…

A: Given information Loan amount=$2000 Interest rate r=12% Monthly interest rate R=12%12=1%…

Q: Hank made payments of $105 per month at the end of each month for 30 years to purchase a piece of…

A: given payment $105 per month FV=$98310 t=30 years  =30×12 month  =360 month claim- (1) find the…

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: A loan is repaid with payment of $7209 at the end of each quarter for 11 years. If interest on the…

A:

Q: Compute the monthly payments for the add on interest loan. The amount of the loan is $9,963.00. The…

A: The interest for a loan of principal amount P for an interest rate of r% for t years is given by;…

Q: A company borrowed $7,700,000 from a bank.The company repaid the loan after 3  years with a single…

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Q: $1,250

A: Please refer to the image below

Q: Month-end payments of $1,580 are made to settle a loan of $174,200 in 10 years. What is the…

A: Solution:- first calculate the total amount paid in 10 years

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: