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hello Can I please get help in under an hour, that will be very helpful. I need answers on all the 4 questions Simple Interest
hello Can I please get help in under an hour, that will be very helpful. I need answers on all the 4 questions
Simple Interest I=PrtA=P+IA=P+PrtA=P(1+rt) \begin{tabular}{|l|} \hline Compound Interest \\ \hlineA=P(1+nr)nt \\ I=AP \\ Doubling Time =Rate72 \\ \hline ROR =$InvestedSearn100% \end{tabular} Present Value P=(1+nr)ntA Will invests $6000 at 6% compounded monthly. What will be the amount of his investment after 8 years? \$6 370.07 $9684.86 $5096.05 Mrs. Smith has just purchased a new SUV valued at $38000.00. The new SUV depreciates at a rate of 18% per year. How much will the SUV be worth 3 years from now? $17180.63$20951.98$25551.98 Question 4 ( 1 point) Elsa borrowed $1500 and was charged $57.50 simple interest on the 8-month loan. What is the interest rate? 2.56% 5.75% 0.5% Mr. Jamieson invested $500 at 4% compounded annually. How long will it take for the $500 investment to have a future value of approximately \$2000? 18 years 36 years 9 years Step by Step Solution
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