How do I solve this???????????????????????????????????
How do I solve this???????????????????????????????????
a xerox machine is available for rs 78000 or for 331/9% cash down payment and 11 equal monthly installments of rs 4900 each. what is rate of interest charged?
I was doing a homework problem on how inflation would affect savers and borrowers, but I don't get how savers would be hurt if they receive a fixed-interest-rate. Suppose that I'm a saver and have...
Marleen is investing in a money market account. Find the principal of Marleen's investment if the interest earned is $2860.00 after 4 years at a rate of 5%
I have no additional information. I tried computing the rate of interest for 1 month and got 25%. Then I tried to compound the interest rate (.25 tothe twelfth power).
If we invest $10,000 into two accounts, some is invested at 5% interest rate, and the rest is invested at an 8% interest rate. If the total interest accrued was $645, find the amount invested at each...
in a certain city, the cost of housing is increased at a rate of 9% annually, this year the typical house cost 454,000 how much will the typical house cost in 4 years?
$1500 is invested at a rate of 10% quarterly. What is the balance at the end of 5 years?
If I invest $100 per month starting at age 21, and that money earns a 7% return, how much will I have after 70 years?
What would 15% interest be on top of 10,000
I don't understand how to get this. Please help.
The rate for a 30-year mortgage reached a high of 14.75% in July 1984, and it reached a low of 4.64% in October 2010. A significant impact of lower interest rates on society is that they enable more...
1)Imagine that your parents establish a savings account when your were born. They deposit $1500 with an interest rate of 2.45% compounded yearly. What will you balance be at age 18? 2)Certificates...
The Thorntons have just welcomed their second child into their family. Due to the increased size of their family, they decide to move out of their little 2 bedroom apartment. They have saved $20,000...
Month: 31 days Previous Month's Balance: $950 Interest Rate: 21% Date Transaction May...
Mark and Kate are establishing a fund for their son's college education. What lump sum must they deposit in an account that gives 6% annual interest rate, compounded monthly, in order for them to...
dee dee invested some money at 3.5% simple interest and $5000.00 more than 3 times this amount at 4%. She earned $1440.00 in interest. how much did she invest at each rate?
Melissa Patterson won $12000 in a contest. She decided to invest part of the money at 3% simple interest, and put the rest in an investment paying 4% simple interest. At the end of the year, she earned...
Orlando, a financial planner, recommended that 25% of a client's investment be placed in a 4% annual simple interest tax-free account, that 40% be placed in 6% certificates of deposit, and that the...
Finite Mathematics Problem