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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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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
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Master's Degree
Master's Degree
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Suppose you borrow ​$905 for a term of two years at simple
Suppose you borrow ​$905 for a term of two years at simple interest and 5.51​% APR. Determine the total​ you must pay back on the loan. … read more
GLENN GILONGOS
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A survey posted on the web in a recent month asked
A survey posted on the web in a recent month asked respondents to provide a satisfaction rating regarding a certain Democratic​ politician's policies and their political affiliation. Of 206 206 ​respo… read more
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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
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Charlene just bought her dream car, a 2011 Porsche Carrera
Charlene just bought her dream car, a 2011 Porsche Carrera GTS Cabriolet that cost $115,000. She paid $15,000 down and financed the balance over 72 months at 8.5% p.a. (Assume that Charlene makes all … read more
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I think some of you came close to my idea, but Im not sure
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1. You received $30,000 from your grandparents. You want to
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Ray Atkinson
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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
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mathematical formula fv pv*((1+i)^n) In a business or
mathematical formula fv = pv*((1+i)^n) In a business or personal loan, credit amount borrowed, one important question is about a suitable interest rate and shall it be "simple" or "compound" interest.… read more
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Curtis K I have 30 minutes to solve this questionsand submit
Curtis K I have 30 minutes to solve this questionsand submit it by 11:59pm Simple interest(applying percentages, decimals and fractions) Student loans are a hot discussion when it comes to paying back… read more
ck_mba
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) Imagine that you lend $5,000 to a friend at 7%, and say,
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fee simple interest $300 is borrowed the amount owed after
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Lets assume that a long-term Treasury Bond will yield 5.5%
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I need help with these two math problems please- Janes friend
I need help with these two math problems please- Jane's friend loans her $550 provided that she will pay back $650 at the end of 5 years. What simple rate of interest is Jane paying? AND What was the … read more
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(I need the steps to get the answers to please) Homework assignment
(I need the steps to get the answers to please) Homework assignment #7 7.19. The 1-year LIBOR rate is 10%. A bank trades swaps where a fixed rate of interest is exchanged for 12-month LIBOR with payme… read more
Sk1llz
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A friend has $2,400 that she has saved from her job. She will
A friend has $2,400 that she has saved from her job. She will need her money, plus any interest earned on it in six months. SHe can either put money in a savings account at 5.5% or lend to her friend … read more
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