Question
1. If you borrow $15,687 from your friend at a simple interest rate of 8% for 37 year(s) the total amount you will owe is
1. If you borrow $15,687 from your friend at a simple interest rate of 8% for 37 year(s) the total amount you will owe is (round answer to 2 decimal places)
2. If your friend will borrow $22,464 from you at a simple interest rate of 14% for 24 year(s) the interest he will owe is (Round to 2 Decimal Places):
3. If your friend will invest $81,980 at an interest rate of 7% for 18 year(s) how much will she have when the investment matures. Round answer to the nearest penny.
4. In 17 year(s) you want to buy a new car. If you can earn 12% on an investment how much will you have for your down payment if you invest $11,722 today. Round answer to the nearest penny.
5. Today you invest $24,012 at an interest rate of 8%. If you leave the investment to grow for 1 year(s) how much will it total. Round answer to the nearest penny.
6. If you save $57,511 in an account that earns an interest rate of 7% how much will you have in 35 year(s)? Round answer to the nearest penny.
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