Find the cost of the item in five years, assuming a constant inflation rate of 9% H.) Tuition, $26,000

Q: A company expects its incomec during the next 7 years to be modeled by the formula a. Find the…

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Q: Abdullah wants to renovate his office in 8 years. He estimates the cost to be $15238. Find the…

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Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R,…

A: payment amount=$800monthlyinterest rate=8.5%time, 3 years

Q: find the interest rate a loan of 8500 at 7% made on july 23rd and due on november 30 A. 211.92 B.…

A: Total interest = PxRxT Where P= principle amount R= Rate of interest T= Time

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment​ R,…

A: given  p=800 n=12(monthly) t= 4 years r=3%=(3/100)=0.03

Q: $20,000 is invested for 9 months at an annual simple interest rate of 3%. (a) How much interest…

A:

Q: A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of…

A: Here we solve the given problem.

Q: Use the formula for the future value of an ordinary annuity to solve for n when (formula in image)…

A: using the given formula we need to calculate value of n.

Q: If the average inflation rate is 4%, how long is it until purchasing power is cut in half?

A: We know that, If the rate of inflation averages r per annum over n​ years, the amount A that​ P will…

Q: Find the cost of a CD in 7 years, assuming an inflation rate of 6%, if its present cost is $16.95.

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Q: Consider a home mortgage of ​$150,000 at a fixed APR of 9​% for 25 years.   a. Calculate the monthly…

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Q: Find the amount of monthly payment necessary for the deposit to a sinking fund. A=$50,000…

A: Given that, A=$50000r=0.14n=2t=10 and we have to determine the amount of monthly payment necessary…

Q: Calculate

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Q: Use the formula for the future value of an ordinary annuity to solve for n when (formula in image)…

A: When we invest a fixed sum at a fixed interval of time, it is called an annuity. The formula to…

Q: Find the mortgage payment for a 15-year loan of $224,100 at an annual interest rate of 8.15%. (Round…

A:

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given data: Amount that needs to be accumulated (A)=$360000 Interest rate (r) =9% Time (t) =34…

Q: In five years, P1.8M will be needed to pay for a building renovation. In order to generate this sum,…

A: We will solve this

Q: c. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year…

A: It is given that the mean is 14.4% and the standard deviation is 4.4%.

Q: A financial institution offers you a one-year certificate of deposit with an interest rate of 5…

A: Deriving from the Fisher equation, we get that real interest rate equals the nominal interest rate…

Q: 4. Estimate the monthly payments of a loan for a 2016 Ford Raptor Baja. The amount borrowed is…

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Q: $10,000 is invested for 9 months at an annual simple interest rate of 2%. (a) How much interest…

A: It is given that,$10,000 is invested for 9 months at an annual simple interest rate of 2%. we have…

Q: $30,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given  Amount invested = $30000 rate = 3% per annum time = 6 months

Q: A professional athlete signs a two-year contract in which the earnings c can be modeled by 2,200,000…

A: Given:- A professional athlete signs a two-year contract in which the earnings c can be modeled by…

Q: 5. The present value of a perpetuity that will pay out $10 K per year forever is $250 K. Assuming…

A: Given that Present value=$ 250 K    Per year pay-out=$ 10 KAs it is forever paid . it is…

Q: Consider a home mortgage of $250,000 at a fixed APR of 6% for 30 years. a. Calculate the monthly…

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Q: If you buy a 26 week T-bill with a maturity value of $1800 that sells for $1725.50, what is the…

A: We have to find annual simple interest rate when maturity value $1800 that sells for $1725.50 for 26…

Q: $10,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Given query is to find the amount after 5 years.

Q: A. A$10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: UPLB Hydra Systems makes a piping machine with 3.7m diameter piping head. The company wants to…

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Q: An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If…

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Q: How much must a person save monthly at an interest of 7.3% to buy a $15,000 car in five years?…

A: We have to find the monthly amount to save.

Q: if the inflation rate were 4%, how long will it take for $1 item to cost $2

A: Using this trick C2=c1(1.04)^x

Q: Consider a home mortgage of ​$250,000 at a fixed APR of 12​% for 30 years.   a. Calculate the…

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Q: $2,000 is invested for 8 months at an annual simple interest rate of 12%. (a) How much interest…

A: Recall the following. I=PnrI is the simple interest obtainedP is the principal amountn is the number…

Q: market basket” of goods that cost $140 in 2005 cost $172 in Based on this information, what was the…

A: Inflation rate can be find out by dividing the difference in the rates between present and previous…

Q: Find the mortgage payment for a 15-year loan of $223,300 at an annual interest rate of 8.25%. (Round…

A: n =12  t =15 A = $223300  r =8.25%.

Q: A company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one year.…

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Q: The average cost for a certain good in 2014 was ​$3.06. Assuming an annual inflation rate of 2.5​%…

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Q: (a) If the inflation rate is 6%, how much will a house now worth $465, 000 be worth in 10-years? (b)…

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Q: Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest…

A: We need to determine the principal amount, p. The simple interest is calculated using the formula:…

Q: A loan is to be repaid quarterly for 12 years that will start at the end of 3 years. If the interest…

A: Formula for present value

Q: $10,000 is invested for 3 months at an annual simple interest rate of 2% (a) How much interest will…

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Q: If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at…

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Q: y payments of ₱3,500.00 for school expenses, if the first payment is to be made on his 16th…

A: Let the amount set aside on a boy's seventh birthday be x. The amount at 16th birthday at a 10%…

Q: Willie deposits a fixed monthly amount into an annuity account for his child’s college fund. He…

A: We have to find monthly deposits and interest earned.

Q: The effective rate of the interest that is equivalent to a 4% rate compounded monthly is: O 4.07 % O…

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Q: Find the cost of each item in five years, assuming a constant inflation rate of 9% A.) A cup of…

A: First we will develop a model to calculate cost in five years  Inflation rate = 9% So let original…