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...

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...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. Here it is: A retiree needs a yearly income of $10,200 from his $150,000 IRA to help fund...

I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a chart...

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...

What would 15% interest be on top of 10,000

Phyllis invested 67000 a portion earning a simple interest rate of 4 percent per year and the rest earning a rate of 6 percent per year. After one year the total interest earned on these investments...

Maria bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She paid for the computers using two different financing plans. For the desktop...

One bank advertises a nominal rate of 5.63% compounded quarterly. A second bank advertises a nominal rate of 5.62% compounded weekly. What are the effective yields? (Round your answers to two decimal...

Adam sold a sports car that he restored for $48,000. He paid 28% of this amount to the body shop that did some of the custom work. The balance was invested in two ways, some of it at 3.25%...

Miss Crystal Palace just purchased – you guessed it – a crystal palace for $650,000. She makes a 25% down payment and finances the balance with a mortgage at an interest rate of 5.6% for 15...

jerry takes out a 30 year mortgage for $250,000 to buy a condo. his monthly mortgage payment is $1,000. How much interest will he pay over the life of the loan?

James borrowed $700.00 to purchase an Apple watch and an IPad mini. The loan required 24 monthly payments of $35.00. However, he paid off the loan in 16 payments. How much did he save by paying it...

Peter deposited a sum of money in SouthEast Bank. The money grew to $1300 in 8 months. SouthEast Bank pays simple interest at the rate of 6% per year. How much did Peter deposit?

Rita contributed $7000 per year from her salary to a 401(k) plan when she was between the ages of 22 and 28. Her employer matched it 50% on her behalf. The interest rate is 8.6% compounded annually...

How much interest will you pay for a credit card balance of $892 that is 4 months overdue if an 18% annual rate is charged?

I have a test that is due tonight at 9 and normally I don't do this, but I really need this.PLs help

This question is for my math class

Phyllis invested 32000 dollars, a portion earning a simple interest rate of 5 percent per year and the rest earning a rate of 7 percent per year. After one year the total interest earned on these...

compound value = 1.8509 present value = 0.5403 amount of annuity = 10.6366 present value of annuity = 5.7466 sinking fund value = 0.0940

Yamil V.

Professor at Top University, Politics, Statistics and Programming

New York, NY

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Kevin L.

Native Mandarin, MS in Financial Eng / Comp Sci, CFA

Jersey City, NJ