If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much will he have to pay if he were to keep the money for a year on the same terms? O. $12,407 O. $6,321 O. $1,020 O. $12,941
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- Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%. O a. $7,021.99 O b. $6,309.00 O c. $6,111.78 O d. $6,253.97 e. $5,756.34If you borrow $4,300 to buy a car at 9% per year compounded monthly, to be repaid over the next six years, what is your monthly payment? Lüffen birini seçin: a. $77 O b. $81 O c. $60 O d. $8 O e. $1,112Every year you deposit $2,000 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 30th deposit? Select one: a. $210,000 O b. $180,000 c. $145,000 d. $154,000 e. $139,580
- Question 19 Find the total amount in your account if you start with $850 at 11% interest for 2.5 years. O a. $1103.4 O b. $432 O c. $1210 O d. $5667What happens to happens to the annual payment on a loan as the term of the loan increases? O It stays the same It decreases It increasesuestion 3 If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate so that yo John opened an account, and knew exactly how much it would be worth at the end of the year, because it used year. What is simple interest? Oa. Interest only on original amount saved or borrowed Ob. interest on original amount saved, borrowed and other interest earned Oc. a fee paid for the use of someone else's money Od. taxes on the original amount saved or borrowed L A Moving to another question will save this response. →
- If you borrowed $12,000 payable in 6 equal annual installments, what would be the principal payment due at the end of year 1. Use i = 13% compounded annually Select one: O a. $1,440 O b. $2,000 O c. $1,370 O d. $1,560The first-year maintenance cost for a new automobile is estimated to be $100, and it increases at a uniform rate of 10% per year. Using an 8% interest rate, calculate the present worth of cost of the first 5 years of maintenance. Select one: O a. $620.56 O b. $380.24 Oc $480.42 O d. $550.24 Next page 1 GRO3-07.06.2021 Time:14.30 Jump to.. abiu Rabiu (Log out) CON 204 ary 14:31 to A Q 4x 0 ENG AK 24/06/2021 primeAn interest pays 1% interest rate, calculate the nominal rate of interest compounded weekly? O 52% O 32% 42% 62%
- A loan of $245,000 is to be repaid in equal quarterly payments over a period of 5 years. If the interest rate is 14.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the second year? O n. $309,156 O b. $104.203 O c. $218,858 O d. $217.228 O B. SI85,206 The annuul revernue, expenses, and deprecietion for a compeny ure S130,000; 32,000; and S15,000, respectively. What is the after-tux cushflow if the sffective income tax rate is 31S? O a. $52,820 O h. $25,730 Or $72.270 O d. $67.820 O e. S57,270 What is the value of (F/A, I, N) it (PlA, N) = 4.4354? O n. 2.2177 O b.4.4354 Oc 3.9919 O d. 18.3632 O e. 1.0000A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 12.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the second year? O a. $182,425 O b. $181,650 c. $293,242 d. $215,635 O e. $215,188A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 15.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the fourth year? O a. $107,360 O b. $149,968 O c. $190,365 O d. $105,990 O e. $148,574 A new machine is expected to save $33,400 annually in labor and energy expenses. How much can be justified for the purchase of this equipment now if the company's interest rate is 10% and the machine's useful life is 7 years? O a. $119,976 O b. $233,800 O c. $162,605 O d. $316,872 O e. $178,866