Your year end is December 31. You lent $160,000 to another company on Oct 1. If the interest rate is 4%, what is the amount of interest receivable for the current year (rounded to the nearest whole dollar)?

how much interest will an account earn if you deposited $435 at the end of every six months for 7 years and the account earned 4.75% compounded semi-annually?

Your year end is December 31. You lent $120,000 to another company on Oct 1. If the interest rate is 4%, what is the amount of interest receivable for the current year (rounded to the nearest whole dollar)?

You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $163 (first payment made at t = 1), followed by five annual payments of $452, followed by four annual payments of $709. How much did you borrow? Round your answer to 2 decimal places: record your answer without commas and without a dollar sign. Your Answer: Answer

Bank pays an annual interest of 4% on 2-year CDs and you deposit $10,000. What is your balance two years later?

You put $8000 into an account earning 3%. After 2 years, you  make another deposit into the same account. Seven years later ( that is, 9 years after your original $8000 deposit), the account balance is $21000. What was the amount of the deposit at the end of year 2?

Once per year Ritchie Rich deposits an amount of $800 in an account which pays 10% interest per year, compounded annually, with additional deposits of $800 continually made at the end of the year. If B, is the balance in the account, in dollars, immediately after Ritchie makes the nth deposit, then we can write B₁ = $800. (a) Complete the table to find the following. Report to the nearest $0.01. i) the balance, B, of the account on the day immediately after the second deposit. ii) the balance, B₁, of the account on the day immediately after the third deposit. iii) the balance, B₁, of the account on the day immediately after the fourth deposit 71 (Number of deposits) 1 2 OO B= $321158.22 (b) Suppose Ritchie makes 38 deposits. What is the balance of the account on the day immediately after the 38th deposit? 0 B$29923.47 B$29123.47 B= $264031.59 B, ($) $800 $ Number O B$291234.75 (It is more than $880.) $ Number S Number Q (c) Suppose Ritchie makes 438 deposits. Which is true about the…

Complete the following table: Selling price $231,000, Down payment $46,200, Amount mortgage $184,800, Rate 7.00%, Years 15, Monthly payment  $1,661.35. What is the interest and principal on first payment? What is the balance at end of month?

A person deposits $2750 in an account that yields 3.5% interest compounded annually. Set up a recurrence relation for the amount in the account at the end of n years.b) Find an explicit formula for the amount in the account at the end of n years.c) How much money will be in the account after 25 years?

4. You borrowed $31,305 on January 1st. The annual interest rate is 7%. Interest is compounded annually. No annual payments are made but you will repay principal and interest in full at the end of nine years.  What amount will you repay? Round your answer to two decimal places.