Kathy buys a tv set fir 12,500 cash after 60 days. Kathy wishes to pay immediately and the seller needs to compute the cash price on the assumption that money is worth 8% simple interest. What is the cash price today?
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Kathy buys a tv set fir 12,500 cash after 60 days. Kathy wishes to pay immediately and the seller needs to compute the cash price on the assumption that money is worth 8% simple interest. What is the cash price today?
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- check the answer properly before submit and add explanantionA certain amount of money doubles after 9 years. Determine its effective interest.You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?
- Calculate Savings rate when income is $22000 and the APS is 0.48Parts e, f, g pleaseMr. Ali is a self-employed individual is opening a retirement account at a bank. His goal is to accumulate $1,000,000 in the account after 20 years. A local bank is willing to open a retirement account that pays 8% interest. Mr. Ali expects that his income will increase 6% yearly during his work. What should be size of his first deposit?
- Josie wants to be able to celebrate her graduation from CSULA in 55 years. She found an annuity that is paying 2%. Her goal is to have $4,500.00. Assume the interest rate remains the same while the account is open. Round all answers to the nearest penny. How much should be deposited each week?You have just been hired as a loan officer at a national bank. Your first assignment is to calculate the amount of the periodic payment (in $) required to amortize (pay off) the following loan being considered by the bank (use Table 12-2). (Round your answer to the nearest cent.) LoanPayment PaymentPeriod Term ofLoan (years) NominalRate (%) Present Value(Amount of Loan) $ every month 1.75 6 $30,000You deposit $ 9,030 in an account that pays 3 % simple interest. How much do you have after 4 years? If needed, round your answer to zero decimal places.