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April 27, 2015

Search: Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in interest. He calculated the APR to the nearest tenth

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Math
Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in interest. He calculated the APR to the nearest tenth.
October 16, 2010 by Ram

math
Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee. The interest paid will be $95.00, $92.50, or $90.00 Thus, the total finance charge (the interest plus the processing fee) will be? $115.00, $112.50, or $110.00 ? Therefore, to the nearest tenth, the...
January 27, 2010 by Kim

math
Karla borrowed $750 at 12 percent for one year. She paid a $20 processing fee. The interest paid will be $95.00, $92.50, or $90.00 Thus, the total finance charge (the interest plus the processing fee) will be? $115.00, $112.50, or $110.00 ? Therefore, to the nearest tenth, the...
January 26, 2010 by Kimmy

math
Carla Compra borrowed $800 at 14% for one year. She paid a $15 processing fee. The interest paid will be $. Thus, the total finance charge (the interest plus the processing fee) will be $ Therefore, to the nearest tenth, the APR = total finance charge ÷ amount borrowed = %.
October 7, 2014 by Anonymous

algebra
Mary bought a red convertible for $14,000. She paid $1,000 down and borrowed the rest on a one year note at 15% interest. How much will she owe at the end of one year
April 3, 2012 by ale

Finance
Joshua borrowed $2,300 for one year and paid $138 in interest. The bank charged him an $15 service charge. If Joshua paid the $2,300 in 12 equal monthly payments, what is the APR? (Round your answer to 1 decimal place
February 15, 2013 by JENNIFER

math
A newlywed couple bought a washer and dryer for $800. They paid 5% down and then paid 12 monthly payments of $65.41. Determine the APR of the loan to the nearest tenth of a percent.
June 24, 2014 by Jennifer

Math
A park district paid their director $19,500 in 1960. In 2000 that same park district paid their director $40,000. Determine the average rate of increase per year to the nearest tenth of a percent This is my answer 40,000-19,500=20,500/100=205% is this correct?
March 19, 2010 by Natatlie

fin
1. A financial institution has the following market value balance sheet structure: (LG 19-1) Assets Liabilities and Equity . Cash $ 1,000 Certificate of deposit $ 10,000 Bond 10,000 Equity 1,000 Total assets $11,000 Total liabilities and equity $ 11,000. a. The bond has a 10 ...
January 9, 2013 by sandie m

MATH
Find the interest earned by an account with $1,200 of simple interest of 4% for 3 years. Find the percent markup. Round to the nearest whole percent. store's cost: $100 selling price: $160 Find the percent of increase. 50 to 70 Find the percent of decrease. Round your answer ...
January 10, 2014 by Jen

Accounting
During the year, Shor Company issued several series of bonds. For each bond, record the journal entry that must be made upon the issuance date. (Round to the nearest dollar; a calculator is needed for 2 and 3.) On January 20, a series of 15-year, $1,000 par value bonds with ...
September 21, 2014 by Ralph Howze

algebra
an individual has two low interest loans, one at 4% interest and the other at 6% interest. The amount borrowed at 6% is $250 more than the amount borrowed at 4% If the total interest for one year is $165, how much money is borrowed at each rate
June 27, 2011 by Ty

College Accounting
P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8...
January 15, 2011 by Jaycee

College Accounting
P2-1A Frontier Park was started on April 1 by C. J. Mendez and associates. The following selected events and transactions occurred during April. Apr. 1 Stockholders invested $40,000 cash in the business in exchange for common stock. 4 Purchased land costing $30,000 for cash. 8...
January 15, 2011 by Jaycee

Business Analysis
Barney Casey borrowed $40,000 from his parents for 2 years. He paid them a total of $45,000 at the end of the 2-year term of the simple interest loan. What rate of interest did he pay his parents?
February 7, 2012 by Lizzie

Economics
You have opened your own word-processing service. You bought a personal computer, and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You could sell any used machine for $1,000. If you were ...
June 18, 2010 by Anonymous

bond valuation
Bond valuation The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bondf L has a maturity of 15 years, and Bond S a maturity of 1 year. a. What will the value of each of these bonds when the going rate of interest ...
February 25, 2007 by Gayla D

bond valuation
Bond valuation The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bondf L has a maturity of 15 years, and Bond S a maturity of 1 year. a. What will the value of each of these bonds when the going rate of interest ...
February 25, 2007 by Gayla D

Finance
Rancher Rick purchased an additional 80 acres of hay ground to produce hay for his Angus herd. He paid $700/acre. He paid $20,000 down and took out a 10 year loan with interest calculated using add-on interest for the rest of the cost of the land. Assume annual payments and 5...
December 2, 2012 by Renee

ECO 550
1) You have opened your own word-processing service. You bought a personal computer, and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You could sell any used machine for $1,000. If you were...
March 5, 2011 by Michael

math
Say i have a mortgage of 200,000. One bank offers 5.oo%. The other offers 5.23% How do i calculate the interest paid over say 5 yrs. thanks You haven't given us enough information to calculate the interest. You need to know how much you're paying each year on your mortgage. ...
August 3, 2006 by jason

economic
Robert withdrew $100,000 from an account that paid 10 percent annual interest and used the funds to purchase real estate. After one year he sold the property for?
February 10, 2013 by markyk

Accounting
Journalize the following transactions for Tammy Company: Sept. 1 Sold $3,500 of merchandise to Jim on account Oct. 1 Exchanged Jim’s account receivable for a fourmonth, 8% note for $3,500 Dec. 31 Recorded accrued interest on Jim’s note Feb. 1 Jim paid off his note with ...
November 26, 2012 by Rescueme417

finance
a $200 cash advance by using checks linked to to her credit card account.The bank charges a 2 % cash advance fee on the amount borrowed and offers no grace period on cah advances.Sidney paid the balance in full when the bill arrived.What was the cash advance fee? What was the ...
January 31, 2011 by tina

math115
Steve was charged $75.00 interest for 1 month on a $3,000 credit card balance. What was the monthly interest rate? Give you answer as a percentage, round to the nearest tenth of a percent. 2.5% 2.If $5,600 is deposited into an account paying 5.325% interest compounded annually...
October 3, 2009 by callie

Math
. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on the...
July 1, 2012 by Alex

Economics
You have opened your own word processing service. You have already bought a special computer needed for word processing and paid $5,000 for it. However, due to the cost changes in the computer industry, the current price of an equivalent machine is $2,500. You could sell any ...
October 11, 2012 by Damone

algebra2
Bill invested $15,000 in three accounts. The savings account paid 1% interest, the Mutual fund paid 10% interest, and the CD paid 2% interest. In one year, Bill earned $210 in interest. If Bill put four times as much in savings as he put in the CD, how much money did Bill put ...
November 18, 2013 by McKInsey

algebra2
Bill invested $15,000 in three accounts. The savings account paid 1% interest, the Mutual fund paid 10% interest, and the CD paid 2% interest. In one year, Bill earned $210 in interest. If Bill put four times as much in savings as he put in the CD, how much money did Bill put ...
November 18, 2013 by McKInsey

Math Economics
1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on ...
June 27, 2012 by Alex

Survey of mathematics
A homeowner installed a new swimming pool for $8500. He paid 8% down and then paid 36 monthly payments of $243.07. Determine the APR of the loan to the nearest one-half of a percent.
June 20, 2014 by Jennifer

Please help! Urgent
A homeowner installed a new swimming pool for $8500. He paid 8% down and then paid 36 monthly payments of $243.07. Determine the APR of the loan to the nearest one-half of a percent.
June 20, 2014 by Jennifer

Math
With the stars (*) next 2 the #'s are my answers! ! ! 1) Find the percent of increase. ~ 50 to 70 20% 30% 40% ***** 50% 2) Find the percent of decrease. Round your answer to the nearest tenth of a percent where necessary. ~ 75 to 60 20% 30% 40% 50% ****** 3) Find the percent ...
January 10, 2014 by Dayana

Finance
A mortgage broker is offering a $225,000 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only a 2.5 percent APR interest rate. After the second year, the mortgage interest rate charged increases to 8.5 percent...
October 13, 2014 by Dashawn

math
how do you find simple interest of something? I have a problem like this: JJ borrowed 21,000 dollars for a car, the finance company gave him an interest rate of 11.4% for 5 years how much will he pay over a 5 year period?? The problem here is that this is not simple interest...
July 7, 2005 by masha

Maths
Solve the problem. Assume that simple interest is being calculated. Round your answer to the nearest cent. Susie borrowed $7500. from a bank for 18 months with interest of 5% per year. Find the total amount she repaid on the due date of the loan. (Use: I=prt)
February 28, 2008 by Matt

Finance
11. Loan Payments You wish to buy a $30,000 car. The dealer offers you a 4-year loan with a 6 percent APR. What are the monthly payments? How would the payment differ if you paid interest only? What would the consequences of such a decision be?
October 13, 2014 by Dashawn

Math
Lisa borrowed 8,000 on an 8% , 60 day note after 15 days she paid 2,000 on the note on day 45 she paid 1,000 on the note what is the total interest and ending balance due by the us rule of ordinary interest.
April 12, 2013 by Rhonda

Algebra
Please Help. How long, to the nearest tenth of a year, will it take $12,500 to grow to $20,000 at 6.5% annual interest compounded quartely? (Use the formula for compound interest with n compoundings per year to solve for t.)
December 3, 2010 by Roger

Interest
Jim opens a savings account with a deposit of $10,000. If the account has an annual interest rate of 6%, compounded quarterly, how much is in the account after one year? (Assume that he does not make any withdrawals. Round only your final answer to the nearest cent.)
April 24, 2015 by Joe

Consumer Math
Marta borrowed $1,380 for 15 months at 13 percent APR. How much will she pay in interest?
February 11, 2015 by Coco

accounting
Part 5 Cash Budgeting Landis Company has the following sales forecasts for the selected three-month period in the current year: Month Sales April $12,000 May 7,000 June 8,000 Seventy percent of sales are collected in the month of the sale, and the remaining balance is ...
March 25, 2012 by beth

math apr
A car with a sticker price of $42,650 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) (b) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round ...
June 17, 2014 by lisa

algebra
The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's simple interest rate, r, to the nearest tenth of a percent. P=$130, A=171.60, T=4 years
February 4, 2011 by Anonymous

pre-algebra
Shannon put $ 7,000 in a 5 year CD that paid 8% interest per year. Malcolm put $6,000 in a 5 year CD that paid 10% interest. What was the balance of each person's account at the end of the 5 years? Who made more money and how much more did they make? (Use I= PRT Where I= ...
March 14, 2008 by Dj

FINANCE
Crimini Foods is offered a $400,000 line of credit for six months at an APR of 10%. This loan has a loan origination fee of 2%. What is the actual six-month interest rate paid, expressed as an EAR
November 30, 2010 by KEVIN

Finance
Crimini Foods is offered a $400,000 line of credit for six months at an APR of 10%. This loan has a loan origination fee of 2%. What is the actual six-month interest rate paid, expressed as an EAR
December 1, 2010 by KEVIN

health care finance
Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is discounted with a 20 percent...
July 27, 2014 by Anonymous

Finance
Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is discounted with a 20 percent...
November 17, 2012 by Rebekah

finance
Your firm is considering the following three alternative bank loans for $1,000,000: a) 10 percent loan paid at year end with no compensating balance b) 9 percent loan paid at year end with a 20 percent compensating balance c) 6 percent loan that is discounted with a 20 percent...
July 27, 2014 by Anonymous

math
Determine the annual net cost of these checking accounts: a. Monthly fee $ 4, check- processing fee of 20 cents, average of 23 checks written per month b. Annual interest of 2.5 percent paid if balance exceeds $ 750, $ 8 monthly fee if account falls below minimum balance, ...
May 5, 2014 by tota

math
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,100 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) $ 1 (b) ...
March 17, 2013 by buffy

math
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,100 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) $ 1 (b) ...
March 17, 2013 by buffy

math
If you paid 2,000 a month or 24,000 a year on 200,000 dollars at 5.00% what formula would you use to calculate the interest paid? Thanks The first year you'd pay $10,000 (.05 x $200,000) in interest. The remaining $14,000 of your payment would be applied to the principle. So...
August 3, 2006 by jason

Math
Interest is a concept familiar to most people: every credit card in existence has a term called annual percentage rate (APR), which is an interest rate. Suppose you charged $1,000 to a credit card that has a minimum payment each month equal to the interest owed. Can you figure...
October 24, 2014 by Anonymous

Math for Ms. Sue Or Steve
Use an equation to solve the problem. 1. What is 57% of 11? a. 11 = 0.57 • n; 19.3 b. n = 57 • 11; 627 c. n = 0.57 • 11; 6.27*** d. 11 = 57 • n; 0.19 2. 224 is 25% of what number? a. 224 • 0.25 = w; 560 b. 224 = 0.25 • w; 896 c. 224 • 0.25 = w; 56*** d. 224 = 0.25 • w; 90 3. ...
November 14, 2012 by Jman

Kennedy king finance
10. Compute the present value of $3,000 paid in four years using the following discount rates: 3 percent in year 1, 4 percent in year 2, 5 percent in year 3, and 6 percent in year 4.
October 13, 2014 by Dashawn

Finance
10. Compute the present value of $3,000 paid in four years using the following discount rates: 3 percent in year 1, 4 percent in year 2, 5 percent in year 3, and 6 percent in year 4.
October 13, 2014 by Dashawn

Math
The Garraty company has two bond issues outstanding. Both bonds pa $100 annual interest plus $1,000 at maturity. Bond L has a maturity of 15 years and Bond S a maturity of 1 year. A). What will be the value of each of these bonds when the going rate of inters is (1) 5 percent...
June 17, 2006 by Dee Dee

business finance
Lisa Kane borrowed $8,000 on an 8%, 60-day note. After 15 days, Lisa paid $2,000 on the note. On day 45, Lisa paid $1,000 on the note. What is the total interest and ending balance due by the U.S. rule? Use ordinary interest.
August 31, 2012 by no name

math
a city had 310 days of sunshine one year and 250 the next year (find the percent of increase or decrease to the nearest tenth of a percent.
March 18, 2014 by tobi

math
Compute the rate for the following loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Do not enter the percent symbol in your answer. Principal Rate (%) Time Interest $5,000 % 3 years $1,200
September 18, 2014 by Anonymous

Finance
Jim Bob is a stock picking genius. Every year, based on his system, he has the ability to invest $100 (only) in a security that is expected to earn a 20% return over the next year. That security always has a beta of one. Assume that the risk free rate is 4%, and the market ...
March 7, 2007 by Brandon

ALGEBRA
Find the APR for the following loan (monthly payments). (Round your answer to the nearest full percent.) Purchase a refrigerator for $2,100 at 20% add-on interest for 3 years.
April 29, 2012 by Mike

ALGEBRA
Find the APR for the following loan (monthly payments). (Round your answer to the nearest full percent.) Purchase a refrigerator for $2,100 at 20% add-on interest for 3 years.
May 18, 2012 by Monic

finance
which of the following investments paid the highest rate of return? (a) a corporate bond that paid $72 per year in interest and that cost $600 to purchase (b) a money market fund that paid 8 percent interest (c) a corporate stock that cost $40 to buy and that paid dividends of...
December 21, 2014 by Anonymous

Math 0098
Last year, Deon had $20,000 to invest. He invested some of it in an account that paid 6% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year. After one year, he received a total of $1880 in interest. How much did he invest ...
February 22, 2013 by Jazz

algebra
Last year, Susan had 30,000 to invest. She invested some of it in an account that paid 8% simple interest per year, and she invested the rest in an account that paid 7% simple interest per year. After one year, she received a total of $2150 in interest. How much did she invest...
March 31, 2012 by Hailey

Math
A customer purchased a car and financed $16,000. The customer borrowed part of the money from a bank charging 10% annual interest and the rest from a credit union at 8% annual interest. If the total interest for the year was $1,390 how much was borrowed from the bank and how ...
February 13, 2010 by Heather

Financial Management
Lansing Inc. has decided to expand. During the last year the company borrowed $5 million for a term of 30 years to finance a new factory, and sold 60,000 shares of stock at $51 per share to pay for new equipment. Lansing also made a payment of $500,000 on an old long-term loan...
August 30, 2010 by Tisha

Math
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,200 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) (b) Find ...
June 8, 2013 by Ronald

algebra
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,500 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) (b) Find ...
May 17, 2014 by Mary Ann

Alegbra
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,900 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) $ (b) Find ...
August 10, 2014 by HOLLY

MAT115
if the electricity bill increased from $10,000 to $13,000 in a year, to the nearest whole percent, what was the rate of increase? I need to see how to work this one. I divided 3,000 by 10,000 and got.3 What is that in percent and is this even the right way?
July 20, 2010 by barb

Math
You deposit $10,000 at 5% per year. What is the balance at the end of one year if the interest paid is (a) simple interest (b) compounded monthly
April 25, 2011 by MIKE.

ACCT
The question is: In the journal provided, prepare year- end adjustments for the following situations. Omit explanations. a. accrued interest on notes receivable is $105 b. of the $12,000 received in advance of earning a service, one third was still unearned by year end. c. ...
March 1, 2012 by Tan

Accounting
Journalize the following transactions and omit the explanations. A. ABC Corporation purchased $15,000 of office furniture by putting $7,000 down in cash and the rest on account on April 8. B. The corporation paid $60,000 for a two-year lease on April 19. C. The corporation had...
November 26, 2012 by Rescueme417

math - APR
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,650 with factory and dealer rebates of $5,100 a-Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent. b-Find the ...
June 10, 2014 by Silvia Kay

Finance
Suppose that five years ago Cisco Systems sold a 15-year bond issue that had a $1,000 par value and a 7 percent coupon rate. Interest is paid semiannually. a. If the going interest rate has risen to 10 percent, at what price would the bonds be selling today? b. Suppose that ...
September 27, 2012 by Christian

accounting
18. Balance sheet and income statement data indicate the following: Bonds payable, 6% (issued 2000, due 2020) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for ...
October 2, 2012 by shannon

Accounting HELPPPP
Jim Johnson has 40% interest in Richards and Johnson, LLP. The partnership has the following activity for the year: Sales $180,000 Cost of Goods Sold 105,000 Guaranteed Payment to Ron Richards 25,000 Depreciation 11,000 Interest Expense 1,000 Tax-Exempt Income 1,500 Health ...
April 18, 2012 by Aby

Finance
Here's another way to look at it. Suppose you want to borrow $100,000. You choose a 30-year fixed rate loan at 7.5%, and pay one discount point ($1,000), a 1% origination fee ($1,000), and $350 in other fees. Although the lender is giving you a loan for $100,000, you have paid...
November 8, 2014 by Rosey

alegebra
A car with a sticker price of $42,200 with factory and dealer rebates of $5,100 (a) Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) $ 1 (b) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round...
May 26, 2013 by kena

Math
1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vice-president for finance decided to invest $2,000,000 in a 2-month investment that pays 11.5% simple interest. How much interest will the college earn on ...
February 1, 2012 by T.

Tax (HELP Plz)
Jim Johnson has 40% interest in Richards and Johnson, LLP. The partnership has the following activity for the year: Sales $180,000 Cost of Goods Sold 105,000 Guaranteed Payment to Ron Richards 25,000 Depreciation 11,000 Interest Expense 1,000 Tax-Exempt Income 1,500 Health ...
April 16, 2012 by Kiran

Kennedy King finance
9. Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5.
October 13, 2014 by Dashawn

math
Shannon invests $3,000, at 8% interest, compounded quarterly for one year. Use Table 11-1 to calculate the effective interest rate for her investment. (Round the effective rate to the nearest hundredth percent.)
October 3, 2014 by Anonymous

Finance math
9. Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5.
October 12, 2014 by D

accounting
4/4/04, Corporation, which has a 12/31 year end authorized $1,500,000 of callable, mortgage bonds (secured by $2,200,000 of property and equipment, at market value). The bonds paid interest at a rate of 8% per year and had a term of 6 years. Interest was payable each 9/30, and...
September 15, 2009 by Bob

math percentage
100 (572-498)/498 14.859437751 To the nearest tenth, what is the percent increase in attendance from last year to this year?
December 17, 2014 by keisha

Math
Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%. What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)?
October 1, 2014 by CCK

math
Hal Fritz purchased a $5,000 bond at 95. The annual interest is 6%.What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)? please help
April 12, 2014 by justin

finance
The banks offers a rate of 8 1/4 percent with a 20percentcompensating balance requirement, or as an alternative, 9 3/4 percent with additional fees of 5,500 to cover services the bank is providing. In either case the rate on the loan is floating ( changes as the prime interest...
November 21, 2010 by butterfly

lehman
Investment A clothing company borrows $700,000. Some of the money is borrowed at 8%, some at 9%, and some at 10% simple annual interest. How much is borrowed at each rate when the total annual interest is $60,500 and the amount borrowed at 8% is three times the amount borrowed...
June 13, 2014 by bibi

math
In one year, the Dow Jones Industrial Average increased from 3,945 to 4,386. What percent increase does this represent to the nearest tenth of a percent?
July 15, 2009 by Aleah

math
In one year, the Dow Jones Industrial Average increased from 3,945 to 4,386. What percent increase does this represent to the nearest tenth of a percent?
June 23, 2010 by Anonymous

MATH
You earn $10.00/hour and work 40 hours/week. You invest $4,000.00 at an interest rate of 5% APR for a year. How much interest did that savings earn in a year in terms of hours of work? 100 hours 20 hours 40 hours 400 hours Explain?
March 25, 2015 by Anonymous

wilbur
The electricity costs of a business increased from $18,000 one year to $19,000 the next. To the nearest whole percent, what was the percent increase?
October 14, 2008 by Anonymous

Math
a man borrowed $85,000 of wich he pays a part of at 9% interest and the rest at 12% if his total interest payment is $9300 per year how much did he borrow at each rate of interest ?
January 30, 2013 by Rigby

math
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,650 with factory and dealer rebates of $5,100 a-Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent. b-Find the ...
June 3, 2014 by leelee kay

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