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The principal P is borrowed at a simple interest rate r for
The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year. P​ = ​$460​, r​ = 5​%, t​ = 2 years… read more
Sandhya_sharma
Sandhya_sharma
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Master's Degree
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The principal P is borrowed at a simple interest rate r for
The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's future value​ A, or the total amount due at time t. P​ = ​$25000​, r​ = 5.5​%, t​ = 5 years… read more
Sandhya_sharma
Sandhya_sharma
Master's Degree
Master's Degree
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The principal represents an amount of money deposited in a
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal-$ 7500 Rate-2 % Compounded-daily Time-2 years A. Find how much mone… read more
Sandhya_sharma
Sandhya_sharma
Master's Degree
Master's Degree
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If you paid $66 to a loan company for the use of $925 for 157
If you paid $66 to a loan company for the use of $925 for 157 days, what annual rate of interest did they charge? (Assume a 360-day year)… read more
Ashok Kumar
Ashok Kumar
Master's Degree
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1. Determine the present value P you must invest to have future
1. Determine the present value P you must invest to have future value A at simple interest rate r after time t. A=$6000.00, r=15.0%, t=26 weeks 2. A radio commercial for a loan company states; “You on… read more
Chirag
Chirag
Master's Degree
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Assignment Time Value Of Money Due Week 8, Day 6 (Saturday) Please
Assignment Time Value Of Money Due: Week 8, Day 6 (Saturday) Please use this document to answer the seven questions below. When you have completed your answers, please save this document with your wor… read more
Chirag
Chirag
Master's Degree
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$25 Bonus, just want to double check my answers, most are easy,
$25 Bonus, just want to double check my answers, most are easy, but some gave me trouble. 1. Fill in the missing value. Assume simple interest. principal $19,582 interest rate 4% time ________ simple … read more
homeworkhelp111
homeworkhelp111
Bachelor's Degree
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Simple Interest p * i * n Compound interest is calculated
Simple Interest = p * i * n Compound interest is calculated each period on the original principal and all interest accumulated during past periods. So compound interest after 1 year =same as simple in… read more
Chirag
Chirag
Master's Degree
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For 1 Point(s) 7) A small business owner gets a 20-year,
For 1 Point(s) 7) A small business owner gets a 20-year, $90,000 mortgage from a credit union. If the interest rate is 7%, what is the monthly payment?… read more
Ryan
Ryan
Bachelor's Degree
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Newlyweds have finally found the house that they have been
Newlyweds have finally found the house that they have been looking for and are anxious to make an offer. The 3 bedroom house is on the market for $156,000 and will require that the couple complete som… read more
Ray Atkinson
Ray Atkinson
Bachelor's Degree
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Find the length of a 4.29% simple interest loan if $7,473.18
Find the length of a 4.29% simple interest loan if $7,473.18 in interest is owed on a loan of $13,400… read more
Ryan
Ryan
Bachelor's Degree
4,665 satisfied customers
sandra borrowed some money to buy new furniture for her office.
sandra borrowed some money to buy new furniture for her office. She paid $245. Simple interest on 3.5-year loan at 3.5%. Find the principal. possible answers 2,100 1,900 2,150 2,000… read more
Chirag
Chirag
Master's Degree
10,329 satisfied customers
Take the current amount you have in your checking or savings
Take the current amount you have in your checking or savings account. Suppose you have a choice of keeping your money for five years in a savings account with a 2% interest rate, or in a five year cer… read more
AL
AL
Master's Degree
204 satisfied customers
MATHLAB Problems involving the amount of money required to
MATHLAB Problems involving the amount of money required to pay off a mortgage over a fixed period of time involve the formula A = (P/i) [1 - (1 + i)^-n] known as an ordinary annuity equation. In this … read more
Stevewh
Stevewh
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Bachelor's Degree
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The principle represents an amount of money deposited in a
The principle represents an amount of money deposited in a savings account subject to compound interest at the rate shown. Use the formula A = P(1 +r/n)^nt to find how much money will be in the accoun… read more
Elizabeth
Elizabeth
Master's Degree
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You invested your money in a fixed interest savings account
You invested your money in a fixed interest savings account that earns 5.65% per year interest. How many years with simple interest will it take to double your money? How many years will it take to do… read more
Elizabeth
Elizabeth
Master's Degree
534 satisfied customers
Youn invested your money in a fixed interest savings account
Youn invested your money in a fixed interest savings account that earns 5.65% per year interest. How many years with simple interest will it take to double your money and how many years will it take t… read more
Gaurav
Gaurav
Bachelor's Degree
72 satisfied customers
A P(1+r/n)^nt A is the amount of the return. P is the principal
A = P(1+r/n)^nt A is the amount of the return. P is the principal amount initially deposited. r is the annual interest rate (expressed as a decimal). n is the number of compound periods in one year. t… read more
Ben Brown
Ben Brown
Bachelor's Degree
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