Which of the following is the recommended guideline for the maximum amount to borrow in order to keep your monthly payments manageable?     Expected first-year salary for your chosen job   Average salary for your chosen job   Expected first-year salary for your chosen job times 1.25

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: The present value of a perpetuity paying $20 at the end of every four years is $43. Find i.

A:

Q: Journalize Period Payroll The payroll register of Patel Engineering Co. indicates $1,080 of social…

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Q: Mary takes out a loan for $1000 at a simple interest rate of 5% for a period of 3 years.  Calculate…

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Q: Two annuity dues in perpetuity have a common present value of $2, 000 and a common effective annual…

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Q: If a lender makes a simple loan of ​$800 for 4 years and charges 3%,then the amount that the lender…

A: The objective of the first part of the question is to calculate the total amount that the lender…

Q: If a lender makes a simple loan of $400 for 5 years and charges 7​%, then the amount that the lender…

A: The objective of the first part of the question is to calculate the total amount that the lender…

Q: f an insured purchases an Annuily from which income is received, the insured is the receiver…

A: Answer is given below

Q: Use PMT= 1- -nt to determine the regular payment amount, rounded to the nearest dollar. Your credit…

A: given that, Principal(P) =$3200 rate of interest(r) = 0.12 time (t) = 2 years n = 12

Q: We need to find an effective interest rate that covers the payment period. Illustrate this concept…

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Q: The return a lender receives for allowing borrowers the use of their savings for one year,…

A: Disinflation is the decrease in inflation rate over years.  Real interest rate is the rate of…

Q: For a simple interest loan with interest rater (expressed as a decimal), the amount A due at the end…

A: Under simple interest, compounding is done on a fixed principal.

Q: consider yourself unable to pay this month's rent due to financial issues. A Money lending company…

A: * Annual interest rate = per month interest rate * 12 * Effective annual interest rate : Here we…

Q: When investing or saving money for retirement, which type of interest would benefit the most from?…

A: When investing or saving money for retirement which type of interest would benefit the most from?…

Q: hazel borrowed 100,000 and must repay a total of 130,000 exactly two years later. How much is the…

A: Using the formula to solve.

Q: how does evonomics play a role in policy or public discussion related to having a car

A: A central bank refers to a financial institution that acts as the primary authority responsible for…

Q: You borrow $800 from a family member and agree to pay it back in nir months. Because you are part of…

A: Simple interest is denoted as the procedure for solving the interest amount for a given principal…

Q: The average median 2019 price of a home here in Columbia, SC was around $145,000. That price is not…

A: Price of house = $145000 Interest rate on loan = 3.92% The time period for loan = 30 years

Q: Actual rate of interest on the principal for one year. A Nominal Interest B Compound Interest

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Q: Offering anything such as a premium rebate, premium discount, credit, service or anything of value…

A: In economics, an assets will have some value in the market at which it is offered to exchange…

Q: Find the level of a APS when the income is given as $930 the savings are $843

A: Generally in the question, Income is = $930 Savings are = $843 APS = ?

Q: credit?

A: Credit report consist of current and past information regarding the credits that an individual hold.…

Q: I want to be earning an annual salary of $100,000 when I retire in 14 years. I have been offered a…

A: Present value of an Investment :  PV = FV1+ rt PV is the amount/ salary you should request, FV…

Q: 15,000 =(1+r) 3500+24000 How do I find what is interest (r)? Please provide an breakdown of…

A:

Q: An engineer invests $5,800 at the end of every year for a 35-year career. If the engineer want $1…

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Q: Kyra is the owner and president of Borealis Fit, a martial arts studio with 15 employees. The centre…

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Q: Find the following for a $200,000 fixed-rate mortgage and the given information. a) Monthly mortgage…

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Q: You take out a loan of $12,000 to pay for a piece of equipment. You plan to repay the loan in 16…

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Q: Explain what is Principal Plus Interest?

A: Principal plus interest is that amount which is paid by the borrower to the lender after the agreed…

Q: The person who must repay the loan in a secured transaction is called the: A) secured party. B)…

A: A secured transaction is a legal arrangement in which a borrower  borrows money  from a lender or…

Q: James has been working as a Mechanical Engineer ever since he graduated five years ago. Two years…

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Q: Attempts Keep the Highest/3 8. Interest, inflation, and purchasing power Suppose Alyssa is a sports…

A: Given Deposits = 1000 $ nominal interest rate = 5 % Price of baseball cap = 10 $

Q: Which is the most desirable form of a lump-sum settlement?

A: A lump sum settlement implies that the person who claims will receive the whole amount in a single…

Q: What do experts consider the key to securing a long-term business loan?

A: A long-term business loan is kind credit facility that a business can avail in the long term. It can…

Q: Chelsea has to pay a series of uniform annual payments over a fixed period of time to repay a loan…

A: Loan Amount = 1000000Yearly Payment = 30,000Interest rate = 6%