ute the specified quantity. ear bond costs $20,000 and will pay a total of $3,600 in interest over its lifetime. What is its annual interest rate r (as a percent)? (Ro .677 X%

Q: A man took loan from a bank at the rate of 8% per annum simple interest. After 4 years he had to pay…

A: Formula : Simple Interest = PRT/100

Q: You

A:

Q: What is the rate if a principal of 11000 earned $1815 interest in 3 years.

A: Given,          The rate if a principal of 11000 earned $1815 iterest in 3 years.We that that,…

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A:

Q: You want to be able to withdraw $40,000 each year for 15 years. Your account earns 6% interest.a)…

A: From the given information, the amounts withdraw $40, 000.The number of years is 15 and interest is…

Q: ged 7.5% annual simple intere

A: Originally borrow=$70489.927

Q: what dollar amount rounded to the nearest cent?

A:

Q: at payment on January 31, 2014 will settle an invoice for $3,400 dated January 27, 4 and payment…

A:

Q: Using the formula for simple interest and the given values, find I. I=PRT P=$600; r=6%; t= 5…

A: We will put all the values in formula. We should know that 6%=6/100

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A: Here, we have to find the amount of periodic payment necessary.

Q: Calculate the annual interest that you will receive on the described bond. A $2000 Treasury bond…

A:

Q: You deposit $500 each month into an account earning 3% interest compounded monthly. a) How much…

A:

Q: a) How much do you need in your account at the beginning? b) How much total money will you pull…

A: We are given with: PMT= REGULAR WITHDRAWAL AMOUNT= $30,000 r= ANNUAL INTEREST RATE= 7% n= NUMBER OF…

Q: Find Principle? Rate 9% Time - 6 months Interest $675

A: RateTimeInterest

Q: Find the present value for the amount given in the table. Nominal Rate 4.8% Amount $4639.28…

A: We have to find the present value using given data.

Q: You want to be able to withdraw $25,000 each year for 20 years. Your account earns 6.1% interest.…

A:

Q: Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in…

A:

Q: You want to be able to withdraw $45,000 each year for 30 years. Your account earns 9% interest. a)…

A:

Q: hou

A:

Q: You deposit $100 each month into an account earning 4% interest compounded monthly. a) How much will…

A:

Q: Illustration 31. A lottery sells 100000 tickets of Re. 1 each to award a prize of Rs. 10000 to the…

A:

Q: Assume the annual effective interest rate i= 5%. Calculate the values of a), 13 15 (12), and 19.26 "

A: Given the annual effective rate of interest, i=5%.a¨1247|

Q: You deposit $300 each month into an account earning 4% interest compounded monthly. Round to the…

A: a) P=$300 r=0.04 n=12 t=20 So,