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Question 13 (1 point) You owe $6,000 and a have decided to pay it back by...
Question 3 (1 point) You owe $11,000 on your credit card. Horrified, you decide to make...
Question 3 (1 point) You owe $11,000 on your credit card. Horrified, you decide to make no more purchases and make payments of $400 per month. How long will it take you to pay off your credit card if it charges interest at J12-18% and your first payment is in one month. You may give your answer in months
Question 14 (1 point) Shares in Humungous Bank pay an annual dividend of 1.37. If these...
Question 14 (1 point) Shares in Humungous Bank pay an annual dividend of 1.37. If these shares yield (earn) 4.0% effective what would be the price of a share?
a friend who owes you money has offered to pay you back by making either one...
a friend who owes you money has offered to pay you back by
making either one lump sum payment today or payments of 5000 in one
year, 7500 in two years, and 10000 in three years. assume the
discount rate is 5%.
A friend who owes you money has offered to pay you back by making either one lump sum payment today or payments of $5,000 in one year, $7,500 in two years, and $10,000 in three years. Assume the...
You have just entered college and have decided to pay for your living expenses using a...
You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $1,000 per month on the card for the next 45 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 46 months from now, when you receive your first statement post-graduation? Afer 45 months you will owe (Round to the nearest cent)
please answer all of the following questions 25. You currently owe $26,000 on a car loan...
please answer all of the following questions
25. You currently owe $26,000 on a car loan at 4.25 percent interest. If you make monthly payments of $596.59 per month, how long i.e., number of months rounded to one decimal place) will it take you to fully repay the loan? 26. It is now January 1. You plan to make 5 deposits of $300 each, one every 6 months, with the first payment being made exactly six months from today. If...
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100....
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th 2013 and May 31st 2013. You wish to have the total sum of the required money for July 31st 2013. Assuming that only the three equal payments are made, how large should the payments be if you earn a simple interest rate of 5%? 2. 5...
You have just entered college and have decided to pay for your living expenses using a...
You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $1,000 per month on the card for the next 45 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 46 months from now. when you receive your first statement post-graduation? After 45 months you will (Round to the nearest cent.)
the answer is 678.60 Arif lends $8,000 to Haziq. Haziq agrees to pay it back in...
the answer is 678.60
Arif lends $8,000 to Haziq. Haziq agrees to pay it back in 10 annual installments at 7% with the first payment due in one year. After making 4 payments, Haziq renegotiates to pay o the debt with 4 additional annual payments. The new payments are calculated so that Arif will get a 6.5% annual yield over the entire 8-year period. Determine how much money Haziq saved by renegotiating. {678.60)
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume...
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume the interest rate is 15% stated as an APR. a. How long will it take you to pay back the loan? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of months b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective...
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume...
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume the interest rate is 15% stated as an APR. a. How long will it take you to pay back the loan? (Do not round intermed iate calculations. Round your answer to the nearest whole number.) Number of months b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)...
Question 3 (1 point) You owe $11,000 on your credit card. Horrified, you decide to make no more purchases and make payments of $400 per month. How long will it take you to pay off your credit card if it charges interest at J12-18% and your first payment is in one month. You may give your answer in months
Question 14 (1 point) Shares in Humungous Bank pay an annual dividend of 1.37. If these shares yield (earn) 4.0% effective what would be the price of a share?
a friend who owes you money has offered to pay you back by
making either one lump sum payment today or payments of 5000 in one
year, 7500 in two years, and 10000 in three years. assume the
discount rate is 5%.
A friend who owes you money has offered to pay you back by making either one lump sum payment today or payments of $5,000 in one year, $7,500 in two years, and $10,000 in three years. Assume the...
You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $1,000 per month on the card for the next 45 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 46 months from now, when you receive your first statement post-graduation? Afer 45 months you will owe (Round to the nearest cent)
please answer all of the following questions
25. You currently owe $26,000 on a car loan at 4.25 percent interest. If you make monthly payments of $596.59 per month, how long i.e., number of months rounded to one decimal place) will it take you to fully repay the loan? 26. It is now January 1. You plan to make 5 deposits of $300 each, one every 6 months, with the first payment being made exactly six months from today. If...
You have just entered college and have decided to pay for your living expenses using a credit card that has no minimum monthly payment. You intend to charge $1,000 per month on the card for the next 45 months. The card carries a monthly interest rate of 1%. How much money will you owe on the card 46 months from now. when you receive your first statement post-graduation? After 45 months you will (Round to the nearest cent.)
the answer is 678.60
Arif lends $8,000 to Haziq. Haziq agrees to pay it back in 10 annual installments at 7% with the first payment due in one year. After making 4 payments, Haziq renegotiates to pay o the debt with 4 additional annual payments. The new payments are calculated so that Arif will get a 6.5% annual yield over the entire 8-year period. Determine how much money Haziq saved by renegotiating. {678.60)
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume the interest rate is 15% stated as an APR. a. How long will it take you to pay back the loan? (Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of months b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective...
You've borrowed $2,244.14 and agreed to pay back the loan with monthly payments of $140. Assume the interest rate is 15% stated as an APR. a. How long will it take you to pay back the loan? (Do not round intermed iate calculations. Round your answer to the nearest whole number.) Number of months b. What is the effective annual rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)...
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