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Mathematics
What is the present value of a 6 month Certificate at a simple interest rate at 14% compounded monthly?
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What was the original value?
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susan bought a 6 month $1,700 certificate of deposit.At the end of six months she received $63 simple interest. what annual rate
Top answer:
To find the annual rate of interest, we can use the formula: Simple Interest = Principal x Rate x
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Sylvia bought a 6-month $1900 certificate of deposit. At the end of 6 months, she received a $209 simple interest. What rate of
Top answer:
I = PRT 209 = 1900 * R * 0.5 209 = 950R 209/950 = R 0.263 = 26.3% = R
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Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36 months. Find the annual
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(10 * 12) / 2000 = 0.06 = 6%
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An individual has purchased 275,000 worth of savings certificate. The certificate expires in 25 years and a simple interest rate
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To calculate the interest the individual will earn every 3 months, we need to determine the simple
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An individual has purchased Rs.275,000 worth of Savings Certificate. The Certificate expires in 25 years and a simple interest
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Well, let's do some calculations with humor, shall we? So, 3 percent per quarter? That's not bad!
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What is the total value of a 400 certificate of deposit after 36 month if the simple annual interest rate is 3 percent?
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Sup
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Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple
Top answer:
I = Prt = 2400 * 0.1/yr * (9/12)yrs = $180. Remember, t must be in years: 9/12 = 3/4yr = 0.75 yr.
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Deborah deposits $200 into an account that pays simple interest at the rate of 7%. How much will she have at the end of 4
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see whether you can apply these formulas, which you should have seen: 200(1+.07 * 4/12)
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Julia needs a $7,800 loan in order to buy a car. Which loan option would allow her to pay the least amount of interest?
A
Top answer:
To determine the total amount of interest paid for each option, we can use the formula: Total
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Aaron needs a $7,500 loan in order to buy a car. Which loan option would allow him to pay the least amount of interest?
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The total interest paid on each loan option would be: 1. Option 1 - 18-month loan: Total interest =
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Aaron needs a $7,500 loan in order to buy a car. Which loan option would allow him to pay the least amount of interest?
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