Over the course of a year the two accounts earned a total of $554. How much was invested in each account?

Over the course of a year the two accounts earned a total of $554. How much was invested in each account?

Aidan runs a car shop and needs $6000 to install a new car lift. He borrows the money on a 30 month personal bank note with his mother consigning the loan. The simple interest rate is 5.75. How much...

David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests. SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years CBCO...

Theresa earns a full athletic scholarship for college so her parents have given her the $20,000 they had saved to pay for her college tuition. She decides to invest that money with an overall goal...

What is final amount paid on loan after 25 yrs with beginning Balance $9,415.05 and 2.650% interest?

If you have a loan with a beginning Balance of 19,342.60 and a interest rate of %6.800, what would be your fixed monthly payment over 25 yrs and final amount paid for total loan?

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...

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...

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...

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.

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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?

Interest compounded semiannually $6000 at 6% for 8 years

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...

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...

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,...

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