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November 26, 2014

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

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

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

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

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

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

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

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

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

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

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

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

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

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
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

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

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

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

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
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

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

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

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

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.

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

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

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

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

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

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

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
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

finance
28. Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ...
January 11, 2012 by Vanessa

finance
28. Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ...
January 12, 2012 by Vanessa

finance
28. Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ...
January 12, 2012 by Vanessa

Finance
Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ordinary ...
January 12, 2012 by Vanessa

Finance
28. Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ...
January 12, 2012 by Sasha

Finance
Ag Silver Mining, Inc. has $500,000 of earnings before interest and taxes at the year end. Interest expenses for the year were $10,000. The firm expects to distribute $100,000 in dividends. Calculate the earnings after taxes for the firm assuming a 40 percent tax on ordinary ...
January 13, 2012 by Vanessa

Accounting
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and interest is paid semi-annually. The journal entry to record the receipt of interest on the next interest payment date would be: A.Debit: Cash $4,...
June 9, 2013 by Mike

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 % laon paid at year end with a 20% compesating balance. C)6% loan that is discounted with a 20% compensating balance. We ...
February 12, 2012 by patricia

Money and Banking
One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was five percent, calculate the real return.
October 26, 2010 by Jaye

business math
Christina Hercher borrowed $50,000 on a 90 day, 8 percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000 using the U>S. Rule. Christina's adjusted balance after the first payment is?
March 12, 2013 by Susan

Economics
One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was five percent, calculate the real return. Show your work
October 19, 2010 by Tracey

Finance
One year ago, you bought a bond for $10,000. You received interest of $400 at the end of the year, as well as your $10,000 principal. If the inflation rate over the last year was five percent, calculate the real return. Show your work.
April 28, 2011 by ky

Economics
One year ago, you bought a bond for $10,000.00. You received interest of $400.00 at the end of the year, as well as your $10,000.00 principal. If the inflation rate over the last year was five percent, calculate the real return. Show your work.
January 28, 2012 by Tracey

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

Economics - Bonds
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...
October 28, 2006 by Val

accounting
Corporation is considering issuing bonds on January 1, 2009, and has asked your advice concerning several matters. The firm plans to issue $800,000 of 30-year, 10 percent bonds. Bond interest payments are on January 1 and July 1. IfthebondsareissuedonJanuary1,2009,...
October 19, 2010 by marathoner

accounting
Corporation is considering issuing bonds on January 1, 2009, and has asked your advice concerning several matters. The firm plans to issue $800,000 of 30-year, 10 percent bonds. Bond interest payments are on January 1 and July 1. IfthebondsareissuedonJanuary1,2009,...
October 19, 2010 by marathoner

Mathematics
Last year Jim's gross weekly pay was $920 and he received $520 in bank interest. HIs taxation deductions totalled $1370. a) Calculate Jim's gross income for last year. b) How much was Jim's taxable income? c) Jim's Medicare levy was 1.5% of his taxable income. HOw much was Jim...
February 10, 2012 by CrissyXD

healthcare fiancare
HINT: 6% X $1,000,000 – {20% X ($1,000,000 – (6% X $1,000,000))} = 6% X $1,000,000 – {20% X ($1,000,000 - $60,000))}= 6% X $1,000,000 - {20% X $940,000}= 6% X $1,000,000 - $188,000 = $60,000 - $ 188,000= -$128,000 A) The interst due on a 10% loan of $1,000,000 at year end ...
February 12, 2012 by patricia

math
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
August 23, 2011 by apryl

Please Help
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
May 28, 2012 by shirley

math
Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: (Points : 1) $1,008.89 $48,008.89 $47,...
December 19, 2012 by Anonymous

math
Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: (Points : 1) $1,008.89 $48,008.89 $47,...
December 19, 2012 by Anonymous

math
Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: (Points : 1) $1,008.89 $48,008.89 $47,...
December 19, 2012 by Anonymous

math
Christina Hercher borrowed $50,000 on a 90 day, eight percent note. Christina paid $3,000 toward the note on day 40. On day 60 she paid an additional $4,000. Using the U.S. Rule, Christina's adjusted balance after the first payment is: (Points : 1) $1,008.89 $48,008.89 $47,...
December 19, 2012 by Anonymous

FINANCE
5. Forecasting Interest Rates Assume the current interest rate on a one-year Treasury bond (1R1) is 5.00 percent, the current rate on a two-year Treasury bond (1R2) is 5.75 percent, and the current rate on a three-year Treasury bond (1R3) is 6.25 percent. If the unbiased ...
October 31, 2014 by Dashawn

FINANCE
7. Forecasting interest rates Assume the current interest rate on a one-year Treasury bond (1R1) is 5.50 percent, the current rate on a two-year Treasury bond (1R2) is 5.95 percent, and the current rate on a three-year Treasury bond (1R3) is 8.50 percent. If the unbiased ...
October 31, 2014 by Dashawn

algebra with application
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 20% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan?
November 27, 2011 by Anonymous

Financial Management
Proctor Micro-Computers, Inc. requires $1,200,000 in financing over the next two years. The firm can borrow the funds for two years at 9.5 percent interest per year. Mr. Procter decides to do economic forecasting and determines that if he utilizes short-term financing instead...
February 22, 2010 by Anonymous

Finance
Orbital Communications has operating plants in over 100 countries. It also keeps funds for transaction purposes in many foreign countries. Assume that in 2010 it held 100,000 kroner in Norway worth $35,000. The funds drew 12 percent interest, and the krone increased 6 percent ...
February 4, 2013 by Matt

financial accounting
the long-term note payable bears an interest of 12% per year. the unadjusted interest expense account equals the amount paid for the first 11 months of the 2008 fiscal year.(3,300). The 300 accrued interest for april has not yet been paid or recorded.Note: that the company is ...
February 9, 2008 by ben

accounting
Iron's paper Company, whose fiscal year ends December 31, completed the following transactions involving notes payable: Nov. 25 Purchased a new loading cart by issuing a 60day, 10% not for $43,200 Dec. 16 Borrowed $50,000 from the bank to finance inventory by signing a 90 day ...
November 12, 2009 by devi

finance
One Materials Ltd. paid $7,500 in dividends and $28,311 in interest over the past year while net working capital increased from $13,506 to $18,219. The company purchased $42,000 in net new fixed assets and had depreciation expenses of $16,805. During the year, the firm issued...
August 28, 2014 by solooloo

ALGEBRA
Suppose that you want to purchase a home for $450,000 with a 30 year mortgage at 6% interest. Suppose that you can put 40% down. Assume that the monthly cost to finance $1,000 is $6.00. What is the total amount of interest paid on the 30 year loan? I need help.Steps please.
November 26, 2011 by MONICA

Finance
what is the present value of $1,000 paid at the end of the next 100 years if the interest rate is 7% per year?
July 11, 2010 by mary

Finance
midland chemcial is negotating a loan from manhattan bank and trust. the small chemical company needs to borrow 500,000. the bank offers a rate of 81/4 percent with a 20 percent compensating balance requirement, or as an alternative, 93/4 percent with additional fees of 5,500 ...
May 1, 2011 by Jane

Pre-Algebra
problem: Dena borrowed $7500 to buy a used car. The credit union charged 9%(percent it looks kind of funny) simple intrest per year. She paid $2025 in interest. For what period of time did she borrow the money. It would be 3 years. Get how much they charge her per year which ...
February 5, 2007 by Lindsey

mathematics
Ginger earns $18,500 annually and has 22% of her gross earnings withheld. What is the net amount of her paycheck each pay period if she is paid biweekly? 2)Zack deposited $1,200 in a savings account that paid 7.75% simple interest. What was the balance in his account at the ...
February 1, 2010 by gbe

Economics
Calculate the total dollar amount paid for a house purchased for $200,000. The buyer paid $50,000 as down payment and the remaining $150,000 was obtained with a closed mortgage having a 25 year loan at 10% interest compounded semi-annually and a monthly payment period. Assume ...
June 24, 2013 by John

Visual Basic 2008 Programming
Help! I'm not sure how to start or how calculate. This is the project. Using For Next Loops. - When $1000 is deposited at 5 percent simple interest, the amount grows by $50 each year. When money is invented at 5 percent compound interest, then the amount at the end of each ...
November 16, 2010 by Lee

math
not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year
April 30, 2013 by sandra

math
not sure how to solve this problem, Mrs. Smith put $5,000 into a certificate of deposit at the bank that paid 6% interest per year. if the bank paid simple interest on this money, how much would Mrs. Smith earn in a year
April 30, 2013 by sandra

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

Foundations of Financial Management
here is the problem The small chemical company needs to borrow $500,000. The bank offers a rate of 8 1/4 percent with a 20 percent compensating balance requirement, or as an alternative, 9 3/4 percent with additional fees of $5,500 to cover services the bank is providing. In ...
August 21, 2009 by scooby9132002

College Algebra
Find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded monthly, for 5 years.
February 20, 2014 by Lexie

Economics
Jim signed a new deal for $10 million with the Toronto maple leafs. THe terms of the contract were 1 million immediately and 800,000 per year for the next 5 years (first payment after 1 year) and $1 million per year for the next 5 years (first payment at year 6). If jim's ...
January 24, 2009 by Regina

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