Search 83,642 tutors

May. 15, 2010, Leven Corp. negotiated a short-term loan of \$703,000. The loan is due Oct. 13, 2010, and carries a 7.04% interest rate. Use ordinary interest to calculate the interest. What is...

Walt made an extra \$10,000 last year from a part-time job. He invested part of the money at 2% and the rest at 3.75%. He made a total of \$270.00 in interest. How much was invested at 3.75%?

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...

You find that the going rate for a home mortgage with a term of 30 years is 4.5% APR. The lending agency says that based on your income, your monthly payment can be at most \$750 . How much can you...

The annual interest on a \$6000 investment exceeds the interest earned on a \$1000 investment by\$517. The \$6000 is invested at a 0.7% higher rate of interest than the \$1000. What is the interest rate...

An investment is of \$4,600 is made at an annual simple interest rate of 6.8%.How much money must be invested at an simple interest rate of 9% so that the total interest earned is 8% of the total investment...