Thornton borrowed $250,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? Select the correct answer.   a. $1,507.82     b. $1,513.02     c. $1,509.12     d. $1,511.72     e. $1,510.42

You decide to deposit your money today in a bank account paying 6.30% interest, compounded monthly. If the value of your savings grows to $3, 800 in 10 years, how much did you deposit? Answer a. $1,826 b. $ 2,027 c. $2,193 d. $1,988 e. $1,907

19,  Suppose starting this year you decide to make deposits of $5,000 at the end of each year for the next five years in a bank account paying 10% interest.  If you currently have $3,000 in the account how much will you have at the end of five years?   1. $25,255.05   2. $36,742.22   3. $35,357.03   4. $30,272.35   5. $28,500.60

What annual interest rate do you need to find in order for a deposit of $500 to grow to $1,685 in 13 years if the bank compounds interest weekly? Select one: O a. 8.89 percent O b. 8.42 percent O c. 7.95 percent O d. 9.35 percent 0 e. 9.80 percent

you deposit $5,000 in a bank t years ago. Your current account balance is $8,200, and the bank compounded intrest monthly at an intrest rate of 3.5%. how long ago did you deposit the money? that is, find t. round your answer to the nearest tenth of a year.

How much would you have to deposit into a bank at the beginning of every 6 months to have a total of $10 000 in 8 years if interest is 7% compounded quarterly? $459.47 $475.15 $625.00 $475.69

Suppose you borrowed $35,000 at a rate of 8.1% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be? O a. $7,755.76 O'b. $11,585.00 O c. $11,948,43 O d. $9,797.19 O e. $10,590.76

A deposit of $3,000 is made in a savings account that pays 7.5% interest compounded annually. How much money will be available to the depositor at the end of 16 years? a. $8,877 b. $10,258 c. $9,542 d. $943.

Katy invests $12,000 into an account at an annual rate of 0.3% simple interest for 36 months. 1) What is the Principal in this scenario? 3 ○ $12,000 0.003 0.3% 2) What is the interest rate for this account? $12,000 3 0.003 ○ 0.3%

Compare the benefits and drawbacks to long-term vs. short-term leases from EITHER the point of view of the lessor or the lessee. REAL ESTATE FINANCE