27. Pat deposits $6,000 into an account earning 4% compounded monthly. How long will it take the account to grow to $10,000?

27. Pat deposits $6,000 into an account earning 4% compounded monthly. How long will it take the account to grow to $10,000?

29. James has $3,000 in credit card debt, which charges 14% interest. How long will it take to pay off the card if he makes the minimum payment of $60 a month?

Smith Automotive is a company that produces component parts for automobile engines. A margin of $4 per unit produces fixed expenses of $80 million. The market demand for the component parts is 400...

Smith Automotive is a company that produces component parts for automobile engines. A margin of $4 per unit produces fixed expenses of $80 million. The market demand for the component parts is 400...

Smith Automotive is a company that produces component parts for automobile engines. A margin of $4 per unit produces fixed expenses of $80 million. The market demand for the component parts is...

Option A: A $25,000 home equity line of credit based on 7.8% APR annualized over a 10 year term. The loan is amortized at 7.8% with monthly payments of $162.50. Option B: A $25,000 home equity...

Nestor is building a new swimming pool for $11,000. He makes a $2,000 down payment and the builder gives him an add-on loan, charging him an annual interest rate of 7.6%. If he takes a 4-year loan,...

$500 are deposited into an account semiannually for six years at an interest rate of 5.5% compounded semiannually. How much is in the account at the end of the 6 years? PLEASE SHOW...

Determine the accumulated value of monthly deposits of $770 each after 10 years if the deposits earn 9.9%/year compounded quarterly. Assume that the deposits are made at the end of each month and...

Diane has an insurance policy with a cash value at age 64 that will provide semi-annual payments of $4600 for 8 years, first payment one half year after reaching 65. If the insurance company pays...

Newman manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips earned $3.43 per share and paid cash dividends of $1.73 per share (D0=$1.73)....

If a company grows too fast, what Are funding alternatives there generally available?

Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 10.7% annual interest rate, compounded quarterly, in order to have $40,000...

You would like to have $74,000 available in 15 years. There are two options. Account A has a rate of 4.5% compounded once a year. Account B has a rate of 4% compounded daily. How much would you have...

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal: $80,000 Rate: 2.5% Compounded: daily Time: 17...

Round to nearest cent if possible

Round to nearest cent if possible

Do not round until final answer. Then round to nearest cent as needed.

P=6000.00 A=7260.00 t=3 years

Do not round until the final answer. Then round to the nearest cent as needed.