When calculating present value, the _____ the interest rate, the smaller the present value amount.

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

Q: Find the future value of an ordinary annuity of $600 paid at the end of each year for 7 years, if…

A: To find the future value

Q: Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to…

A: AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present…

Q: You want to be able to withdraw $35,000 each year for 30 years. Your account earns 5% interest. a)…

A: Amount withdraw each year is P=$35000.,000. Annual interest rate is r=5% Total number of withdrawals…

Q: Use simple interest formula: Principle=?  Rate=   3.45%         Time= 9 months    Interest=  51.75…

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Q: An annuity pays 5700 dollars on January 1 of each year, starting on January 1, 2000. If 23 payments…

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Q: Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What…

A: Given: Future amount(F)=$83,000Time(t)=20 months=2012yearsrate of interest=6%=6100=0.06 The future…

Q: a. What was the highest annual mortgage rate from 1995 to 2013 and what was the year? The highest…

A: a) The highest mortgage is 8% in the year 2000 b) annual mortgage in the year 2008 is 6% c)Lowest…

Q: An annuity pays 8100 dollars on January 1 of each year, starting on January 1, 2000. If 21 payments…

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Q: Find the future value of an annuity $ 17226.91 Need Help? Read It

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Q: Find the future value of an ordinary annuity of $70 paid at the end of each quarter for 6 years, if…

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Q: Find the annual interest rate ?needed for the given principal to reach the given future value under…

A: you need for the given principal to reach the given future value under simple interest for the time…

Q: Find the present value of the given future amount. $48,000 for 19 months at 9% simple interest What…

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Q: If $3000 is deposited in an account paying 3% compounded quarterly, Blank 1 how much interest will…

A: First I have written compound money formula , just use them for given problem and find the interest…

Q: ​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 4.8% compounded…

A: Given that,         Periodic Payments PMT = $496        Rate of Interest per period,…

Q: a) Determine the simple interest rate at which $10,000 will grow to $10,500 in 10 months.

A: Compound interest is the interest on the interest. When the interest is compounded, then the formula…

Q: Provide an appropriate response. 9) _______ is interest paid both on the original principal and on…

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Q: Determine the annual interest rate for the loan below. Time Future Value Present Value $950…

A: The future value(F) of an amount having a present value of $P , with a interest rate of r%…

Q: Someone borrowing from a five-six ( Bumbay) money lender. How much will be charged if you want to…

A: The formula of simple interest is,                                SI =PRT/100 Where,  SI = simple…

Q: Find the present value of the given future amount. $61,000 for 23 months at 9% simple interest What…

A: For Cash Flow at period 1=C1, rate of return = r and number of periods = n, the Present Value…

Q: $10,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: It is given that,$10,000 is invested for 9 months at an annual simple interest rate of 2%. we have…

Q: Enter the missing piece of information, assuming the interest calculated is simple interest and the…

A: here we can use simple interest formula for month because the interest rate and time both are in…

Q: Find the present value of 9,000 at a simple interest rate of 7% in 18 years?

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Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

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Q: If the billing cycle length for a credit card is one calendar month, which month of the year has the…

A: The billing cycle length of credit card is one calendar month i.e. monthly In January the number of…

Q: c. If you plan to put your graduation money into an account and leave it for 20 years while you go…

A: GivenIf you plan to put your graduation money into an account and leave it for 20 years while you go…

Q: Ali set up a savings plan with TD Canada Trust whereby he deposits $250 at the end of each quarter…

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

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Q: The future value of the given annuity? Round to nearest cent

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Q: Find the present value of the given future amount $81,000 for 5 months at 6% simple interest What is…

A: Use formula of present value

Q: 55 If a student loan in your freshman year is repaid plus 20% four years later, what was the…

A: If a amount P invested at a rate of interest r% per year for time t year.  Then the interest (I) is…

Q: $10,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

A: Here we have to find the future value by compound interest.

Q: The Sanchez family takes out a $200,000 loan for their fixed-rate, 30-year mortgage. The annual…

A: As per our guidelines, we are supposed to solve only first question. Kindly repost other question as…

Q: Suppose you buy a home and finance $170,000 at $1247.40 per month for 30 years. a) What is the…

A: Given  Home price  is P= $170,000 Monthly charge is PMT = $1247.40 The number of years is t= 30…

Q: To offer scholarships to children of employees, a company invests $10,000 at the end of every three…

A: (a) It is given that, P = $10,000, r = 0.09, n = 4 and t = 10. Substitute P = $10,000, r = 0.09, n =…

Q: $2,000 is invested for 8 months at an annual simple interest rate of 12%. (a) How much interest…

A: Recall the following. I=PnrI is the simple interest obtainedP is the principal amountn is the number…

Q: Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $2,307 is deposited…

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Q: Use the formula for computing future value using compound interest to determine the value of an…

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Q: Choi Home Repair needs to accumulate $22,000 in 6 years to purchase new equipment. What sinking fund…

A: Given, Future ValueF.v.=$22000rater=8%t=6 yearsn=6×4=24  The formula for finding future value is,…

Q: Use simple interest formula: Principle=?    Rate=       2%     Time=   ?  Interest= 2500…

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Q: Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer t…

A: Given          p = $4000          r = 4%         n=20

Q: Use a calculator to evaluate the present value of an annuity formula for the values of the variables…

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Q: Aradio commercial for a loan company states: "You only pay 30¢ a day for each $500 borrowed." if you…

A: Given The given principal value is $500 and interest is 30C. The borrowed money is $2,336 for 151…

Q: A 90-day, $1200 promissory note was issued March 31 with interest at 7%. What is the value of the…

A: topic - percentage

Q: Using the banker’s rule, find the simple interest on 18,000 pesos at 17 ¼% from Feb. 4, 2021 to…

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Q: 3. You put $2000 into an account that earns 3.5% APR compounded monthly. a. How much will you have…

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Q: The effective rate of the interest that is equivalent to a 4% rate compounded monthly is: O 4.07 % O…

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Q: Use the Zero Coupon Bond information above to answer this question. A zero coupon bond with a face…

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Q: Use a calculator to evaluate the present value of an annuity formula -nt 1 - P = m for the values of…

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