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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
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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
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
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
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
Master's Degree
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Assignment Time Value Of Money Due Week 8, Day 6 (Saturday) Please
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
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
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
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
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
Bachelor's Degree
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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
Master's Degree
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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
Master's Degree
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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
Teacher
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
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
Master's Degree
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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
Bachelor's Degree
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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
Bachelor's Degree
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