Brian purchased a new bedroom set for his wife's birthday present. The cost of the bedroom set was $1,999 with no payments for six months. However, at the end of six months Brian owes the price of the bedroom set, plus 12% annual interest, compounded monthly. How much interest will Brian pay on his wife's birthday present?

Tim put $35,000 in a five-year CD paying 5.75% annual interest, compounded quarterly. What is the total amount Tim will receive when he withdraws his money after five years?

Andrew wants to pay off his car. He has a two-year loan at 9% annual interest that is compounded monthly. Andrew must pay $18,700 at the end of the two-year period. How much did Andrew originally borrow?

Please solve each of the following problems showing precision to five decimal places:

1. What is the nominal rate of an investment that returns 9%?

2. What is the periodic rate for a 10% loan compounded monthly?

3. What is the effective rate for each monthly payment of an auto loan when the loan is issued at 13% compounded weekly? (Assume 4.333 weeks per month.)

4. You have decided to start saving for retirement and are making quarterly payments into an account that earns 4.25% with monthly compounding. What effective interest rate is your money earning per quarter?

Which chart shows the effect of a decrease in income when both video games and e-books are normal goods? (a) A (b) B (d) D 24. Which chart shows the effects of a decrease in income when video games are an Inferior good and e-books are a normal good? A (b) B (c) c (d) D 25. Which chart shows the effects of an increase in the price of video games when video games and e-books are substitutes but not perfect substitutes? (a) A [b) B (c) C D 26. Which chart in the figure shows the effects of an increase in the price of video games when video games and e-books are complements but not perfect complements? A (b) B (c) C (d) DQuestion 34 (1 point) Which statement is false? The discounted value of a loan is similar to the present value of an investment. O Compound interest investments can be modelled with exponential functions Increasing the frequency of the compounding increases the final value of an investment A compound interest investment always gives a greater future value than a simple interest investmentRussia witnessed a shift in its balance of trade to more of a deficit position. What can we attribute this to? (select the most complete answer below). Interest rates in Russia increased. The Russian Ruble appreciated in value leading to higher levels of Russian exports abroad leading to this shift in their balance of trade to more of a deficit position. O2 Interest rates in Russia.decreased. The Russian Ruble appreciated in value leading to higher levels of Russian exports abroad leading to a shift in their balance of trade to more of a deficit position. Interest rates in Russia decreased. The Russian Ruble depreciated in value leading to higher levels of Russian imports from abroad leading to a shift in their balance of trade to more of a deficit position. Interest rates in Russia increased. The Russian Ruble appreciated in value leading to higher levels of Russian imports from abroad leading 4. to a shift in their balance of trade to more of a deficit position.Calculate compound Interest Question The total amount paid on a 35 year loan was $98,000. if the interest rate was 4.1% and compounded monthly. what was the principal? Round your answer to the nearest dollar