Question
Ive been stuck on these three types of problems need You have deposited $4870 in an account with an APR of 11%. (Round all final
Ive been stuck on these three types of problems need
You have deposited $4870 in an account with an APR of 11%. (Round all final answers to the nearest penny and do not include the $ in your answers.)
- The value of the account after 31 years is $ Blank 1. Calculate the answer by read surrounding text. .
- The total amount of interest earned after 31 years is $ Blank 2. Calculate the answer by read surrounding text.
You can afford to make monthly car payments of $370 for 7 years. The dealership is offering you a loan at an APR of 6%. Assuming you secure this loan, complete the following sentences. Round all final answers if needed to the nearest penny. Do not include the $ in your answers.
- The most expensive car you can afford to buy is $ Blank 1. Calculate the answer by read surrounding text. .
- The amount of money that you will repay over the life of this loan is $ Blank 2. Calculate the answer by read surrounding text. .
- The total amount of interest paid over the life of this loan is $
You have deposited $46015 in an account with an APR of 5% compounded monthly. (Round all final answers to the nearest penny and do not include the $ in your answers.)
- The value of the account after 38 years is $ Blank 1. Calculate the answer by read surrounding text. .
- The total amount of interest earned after 38 years is $ Blank 2. Calculate the answer by read surrounding text.
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