153 Answered Questions for the topic Interest

02/05/22

#### A tractor is purchased for $80 000 and depreciates by$5000 each year.

a) Use the straight-line depreciation method to find the value of the tractor after 5 years.b) When will the tractor be worth half its purchase price?

11/25/21

#### FINDING THE MISSING VALUE OF SIMPLE INTEREST

1 . GIVEN:Principal = 25,000 dollarsRate = ?Time = 4 years and 5 monthsInterest = ?Maturity Value = 19,000 dollars2 . GIVENPrincipal = 50,000 dollarsRate = 0.005%Time = ?Interest = 2750Maturity... more

01/16/21

01/14/21

A total of 8000 was invested into accounts at 5 percent and 3 point 5 percent. How muchwas invested into each account if the total interest for the year was $327.50. Interest Math Finance Payments 05/09/20 #### You want to buy a$168,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 7% annual interest compounded monthly for the rest.

a) How much is the loan amount going to be?b) What will your monthly payments be?c) How much total interest do you pay?d) Suppose you want to pay off the loan in 15 years rather than 30. What will... more
Interest Algebra 2

04/07/20

#### How long do they need to wait before being able to pay for the trip?

Kenji and Carmen Deposit $800 into a savings account which earns 1% interest compounded continuously. They want to use the money in the account to go on a trip that costs$1300. How long will they... more

03/31/20

12/02/19

07/13/19

05/17/19

#### Determine the periodic deposit and how much of the financial goal comes from deposits and how much comes from interests

periodic deposit: $? At the end of every 3 months4.5% compound quarterly Time: 6 yearsFinancial goal:$15,000

04/04/19

#### Interest rate problem

What interest rate compound monthly will yield an effective interest rate of 8%?

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