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...
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...
how to solve this?
how to figure this out?!?
i need help Mike invests $22,000 for a year. He invests some at the 7% interest rate and some at the 6% rate. After one year, he receives $1420 in total interest. How much did he invest...
An initial investment of $205.50 is worth $413.75 after 11 years of continuous compounding. Find the interest rate.
question about simple interest.
I have no idea how to start this. Please help. Oppenheimer has a mutual fund where an investment of $5000 at an annual interest rate of 10% compounded semianually over 25 years...
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...
At what nominal rate, compounded monthly, would $10,000 have to be invested to amount to $16,000 in 6 years?
Need to know for my math course
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...
assume that all interest rates are compound continously
A bank loaned out $9,500, part of it at the rate of 3% annual interest, and the rest at 4% annual interest. The total interest earned for both loans was $325.00. How much was loaned at each rate?...
what's the formula?
$6,000 account yields a 5.00% interest rate. How much must be added to this account so the total interest yields amounts to $1,000
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 of $6,000 is earning 4% interest compounded annually. How long will it take for the investment to double? (Round your answer the whole number)
unsure how to set up. i keep getting fractions.
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...