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Financial Mathematics
Page 2
Questions (2,309)
Find the simple interest on a $2,200 loan at 7% interest for 100 days. Use the
Banker’s rule, then compare to the amount of
5 answers
asked by
Irene
603 views
Heather has divided $8000 between two investments, one paying 8% and the other paying 6%. If the return on her investment is
5 answers
asked by
Scott
6,608 views
Find the final amount of money in an account if $9,300$ Is deposited at
5% interest compounded semi-annually and the money is
4 answers
asked by
Me
1,503 views
Missy bought 300 shares of GAM Corp. for 14 1/2 per share. What was the
total purchase price of the stock if she had to pay a 1%
4 answers
asked by
AR
879 views
you invest $4000 in an account that pays simple interest of 6% for 30 years. calculate the amount of money you'll have at the
7 answers
asked by
emma
11,467 views
1. A 3,500.00 principal earns 3% interest, compounded semi annually. After 20 years, what is the balance in the account
A.
5 answers
asked by
Tia
1,435 views
Suppose that your bank pays 10% interest, compounded semiannually. Find how much should be deposited now to yield an annuity
4 answers
asked by
Anonymous
739 views
You invest $500 at an annual interest rate of 6.75% compounded continuously. How long will it take y our money to double?
4 answers
asked by
George
2,481 views
$6300 is invested,part of it at 10% and part of it at 7%.For a certain year, the total yield is $534.00. How much was invested
4 answers
asked by
Anonymous
3,644 views
RM X was deposited in a savings account at 4.0% interest compounded monthly. Forty later, RM 4,200 was withdrawn from the
4 answers
asked by
chun
853 views
How long it will take for an investment of 2000 dollars to double in value if the interest rate is 9.5 percent per year,
3 answers
asked by
Emily
872 views
Calculate the simple interest on R5000 loan for 3 years at 8.5%p.a interest
6 answers
asked by
Angel
226 views
Acelynn borrows $1337 to buy a four-wheeler. The annual interest rate is 4% for the 14-year loan.
How much interest will she pay
4 answers
asked by
Wassuppeeps
251 views
A tractor bought for R120 000 depreciates to R11 090,41 after 12 years by using the reducing balance method. Calculate the rate
3 answers
asked by
mihlali
1,004 views
Travis has a total of $6,000 invested in two accounts. The total amount of interest he earns from the accounts in the first year
3 answers
asked by
Gabriel
647 views
An investment earning simple interest at a rate of 1.10% per annum for a term of 5 years earned $82.50 in interest. What was the
3 answers
asked by
Rafiki
887 views
Sue invested $1000 at 6% per year compounded yearly.Find the values of joe's investment at the end of each of the first five
3 answers
asked by
Tyalysia
803 views
A new car is purchased for 16400 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be,
3 answers
asked by
kjh
2,214 views
Suppose you buy a car with a value of $9,250. Each year the value of your car will depreciate by 5.1%. How much will your car be
11 answers
asked anonymously
89 views
Umar invested RM50,000 in a bank with simple interest rate is 15% per annum, find the number of years required if Umar wants the
1 answer
asked anonymously
32 views
Find the amount received using Bankers Rule if RM10000 was invested at 3.5% simple interest rate for 150 days.
1 answer
asked by
Ayu
29 views
What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00 if it depreciates at a rate of 8% per
1 answer
asked anonymously
25 views
Melanie would like to have $25,706.30 in an ordinary annuity in 5 years. The annuity has a 10.8% annual interest rate, and she
4 answers
asked by
John
1,655 views
By the conditions of a will, the sum of P25,000 is left to a girl to be held in trust by her guardian until it amounts to
7 answers
asked by
Alyanna
12,349 views
An investment of $4000 is deposited into an account in which interest is compounded monthly. Complete the table by filling in
5 answers
asked by
mandy
7,341 views
A print shop borrows
$8400 from a credit union for 307 days. The credit union charges simple interest at an annual rate of 5.75%
15 answers
asked by
KEVIN
228 views
10. You deposit $520 in an account with 4% interest
compounded monthly. What is the balance in the account after 5 years?
4 answers
asked by
Name
2,102 views
For question 1-4 for the interest. All rates are annual interest rates.
1) principal, $400 rate, 5% time, 1 year. a. $10 b. $20
147 answers
asked by
Sydney HELP! Need help ASAP!
20,980 views
Joe invests $10 000 in a savings account with compound interest x % per annum.
After 5 years, the balance in the account is $11
2 answers
asked anonymously
149 views
Suppose that $6,500 is placed in an account that pays 11% interest compounded each year assume that no withdrawals are made from
2 answers
asked anonymously
178 views
Find the simple interest on 30000 naira for 3½ years at 5%
1 answer
asked by
Daniel
96 views
You deposit $4000 in an account earning 5% interest compounded monthly. How much will you have in the account in 5 years?
Use
5 answers
asked by
JESSICA
7,415 views
Suppose that a loan of 6,500 is given at an interest rate of 7% compounded each year assume that no payments are made on the
2 answers
asked anonymously
113 views
Suppose that $3,500 is placed in an account that pays 3% interest compounded each year assume that no withdrawals are made from
2 answers
asked anonymously
129 views
how much money is invested at 5% compounded continuously for 3 years will yield $820?
7 answers
asked by
jerson
14,385 views
You deposit $800 in an account that pays 5.5% annual interest compounded
continuously. Find the balance at the end of 5 years.
3 answers
asked by
sofia
1,483 views
Jessica wants to accumulate $14,000 by the end of 5 yr in a special bank account, which she had opened for this purpose. To
4 answers
asked by
Salvany
2,335 views
Find the amount of time required to double a dollar investment at 7.72%, if the interest is compounded continuously.
4.49 years
4 answers
asked by
Anonymous
2,208 views
John deposited $1000 on 1st January 2011 in an account paying interest of 12% per annum compounded quaterly. He also deposited
2 answers
asked by
Krishneel
1,016 views
Greg took loan for 7500 charged interest at a simple annual rate of 4.7% total interest he paid was $141 how long was the loan
2 answers
asked anonymously
127 views
After how many years will 600 naira amount to 636 naira at 4% per annum simple interest.
2 answers
asked anonymously
97 views
Lisa deposits $10,000 into an account that pays simple interest at a rate of 6% per year Scott deposits $10,000 into an account
2 answers
asked anonymously
194 views
Peter made a deposit of R6000 into his savings account. One year later he made a second deposit of R1000. How much is in his
1 answer
asked by
Tobhi
103 views
A 20-year-old student decided to set aside $100 on
his 21st birthday for investment. Each subsequent year through his 55th
2 answers
asked by
NEED HELP!!!!
1,246 views
If the initial investment of 1000 doubles in value in 9.8 years find the rate for continous compounding.
so the formula would be
1 answer
asked by
cade
428 views
Solve the following problem:
Kate bought a car for $20,000. A study shows that a car will depreciate (go DOWN in value) by 15%
4 answers
asked by
hello
619 views
A certain loan program offers an interest rate of
7% , compounded continuously. Assuming no payments are made, how much would be
2 answers
asked by
KEVIN
100 views
Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance in the account 5
2 answers
asked by
gaga
123 views
Suppose $13,000 is deposited into a savings account earning 3% interest compounded semi-annually. Find the balance in the
2 answers
asked by
gaga
113 views
Devon takes out a loan of $1,500, at simple interest, for 56 months. What is the maturity value of the loan? (Round to the
4 answers
asked anonymously
90 views
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