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The bank offers you a 8% continuously compouding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be?

The annual interest on a \$9000 investment exceeds the interest earned on a \$6000 investment by \$135. The \$9000 is invested at a 0.5% higher rate of interest than the \$6000. What is the interest rate...

Sherrie invested some money at 7% interest. Sherrie also invested \$242 more than 4 times that amount at 6%. How much is invested at each rate if Sherrie receives \$427.13 in interest after one year...

An individual agrees to pay \$6,000 per year for three years to payoff a car loan. His payments are always made at the end of each year. If the interest rate in year 1 is 3%, in year 2 is 3.5%...

New members of a golf club are admitted at the start of each year and pay an initiation fee of \$2,000 immediately. Thereafter, members pay an annual membership fee of \$400, which falls due at the...

An individual agrees to pay \$6,000 per year for three years to payoff a car loan. His payments are always made at the end of each year. If the interest rate in year 1 is 3%, in year 2 is 3.5%...

An oil company wants to drop the effective rate of interest on its credit card by 2.2%. If it currently charges a periodic rate of 1.20% per month, at what amount should it set the periodic rate?...

Don James wants to invest \$57,000 to earn \$1593 per year. He can invest in B-Rated Bonds paying 3.4% per year or in a Certificate of Deposit (CD) paying 1.9% per year. How much money should be invested...