Dustin is taking out a loan for $2000 and wants to know how much money he will save by taking a 2 year loan at 14% interest instead of 20% interest. 1. What is the total repayment for the...

Dustin is taking out a loan for $2000 and wants to know how much money he will save by taking a 2 year loan at 14% interest instead of 20% interest. 1. What is the total repayment for the...

I picked out the car and everything and it showed me the highest and lowest payment plan, but I am not sure how to go about calculating the interest and the rest of the question if I don t know (or...

Devise a savings plan for your retirement. Start right now with a reasonable amount that you can save per month in an annuity (use 4% annual rate for this short term annuity). Adjust your plan when...

A mortgage of 1.2% interest compounded monthly with a monthly payment of $600 has an unpaid balance of $6753 after 100 months. Find the unpaid balance after 101 months.

Q: A school increases its intake by 10% each year. If it starts with 1000 students, how many will it have at the beginning of the fourth year of expansion? The answer from the answer sheet...

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Marlee plans to attend a 4 year university that costs a total of $16,400 per year. her family has $5000 to invest in an account that earns 4% annual interest. if they invest an additional $125 per...

Interest compounded semiannually $6000 at 6% for 8 years

You borrow $2000 from the bank at 1% annual interest compounded monthly. The monthly payment is $100. What is the balance after the third payment?

Schell Publishing received a $70,000 promissory note at 12% ordinary interest for 60 days from one of its customers. After 20 days, Schell discounted the note at the bank at a discount rate of...

Stacy took out a loan for $15,000. Her note was for 300 days at 5% ordinary interest. On day 100 she made a partial payment of $5,000. On day 200 she made a second payment of $5,000. On day 250...

Paul purchased $16,000 worth of 52-week treasury bills for $15,750. What is the rate of return on his investment? For this purpose only (not for your work or the exam), round to the nearest...

James contributes $6000 per year into a Traditional IRA earning interest at the rate of 5% per year compounded annually, every year after 35 years of age until his retirement at age 65. John...

Shaffer's Book Store borrowed $30,000 on March 10 for 90 days. The interest rate was 9% using the ordinary interest method. On day 30 of the loan, Shaffer made a partial payment of $12,000,...

1. On August 5, Lacey Jewelry Store purchased $5,000 of jewelry from their supplier with terms of 2/10, n/45. Lacey did not have sufficient cash on August 15 to take advantage of the cash discount,...

This problem asks for the simple interest of the stock considering the dividend

Tara plans to attend a 2 year university that costs a total of $11,500 per year. her family invests $2500 in an account that earns 3% annual interest, if they invest an additional $150 per month for...

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Lucy contributed $5000 per year from her salary to a 401(k) plan and her employer matched it dollar for dollar. The interest rate is 7.5% compounded annually. After 15 years of working...

How many days will it take for a sum of $1900 to earn $32 interest if it is deposited in a bank paying simple interest at the rate of 8% per year? (Use a 365-day year). For this purpose only...

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