Question
1)In how many months will $4100.00 earn $192.29 interest at 7.5%? 2)Compute the accumulated value of $10 000.00 at 9% after six months. 3) Leo
1)In how many months will $4100.00 earn $192.29 interest at 7.5%?
2)Compute the accumulated value of $10 000.00 at 9% after six months.
3) Leo wishes to invest $8000.00 that he saved from his summer job. His bank offers 3.75% for a one-year term investment or 3.5% for a six-month term. Help Leo to investigate his options. How much will Leo receive after one year if he invests at the one-year rate?
4) What sum of money will accumulate to $539.04 in 97 days at 11.4%?
5) What principal will have a maturity value of $100000 at 5% p.a. in 18 months?
6) On April 24, 2012, Rebecca purchased a government-guaranteed short-term investment maturing on July 5, 2012. How much did Rebecca pay for the investment if she will receive $6000 on the maturity date and interest is 2.75%?
7) The exact number of days between January 25, 2012 and March 25, 2012 is?
8) Calculate the amount of interest if $2000.00 is invested at 6% for 200 days.
9) How much interest will you pay on a loan of $15 500 if you are paying the loan off in 9 months? Your loan rate is 7.125%.
10) What rate of interest did you receive over a period of 90 days if your principal was $5000 and it has a maturity value of $6000?
11) You have $6500 invested in a 30-day savings certificate at an interest rate of 2.00%. How much money will you have when the certificate matures?
13) 91) How much money do you have to invest in order to accumulate a total of $10 000 in 365 days if you are able to earn 5.00% on your money?
14) If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited to earn $18 000?
15) The interest earned on a $6000 investment was $240. What was the term in months if the interest rate was 6%?
16) The simple interest rate being charged on a $10000 is 0.5% per month. What is the total amount paid, if the entire loan is paid in 9 months?
17) Didzo took a loan of $14 600 on January 10, 2013 at a rate of 9.25%. He repaid the loan on June 4, 2013. What is the interest due on repayment date?
18) To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded annually
19) To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded semi-annually
20) To what future value will a principal of $7100.00 amount in three years at 7.6% p.a. compounded monthly
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