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lle Amount of simple interest earned given $7,000 at 12% for 6 years . 2. Find the future value, using the future value formula and
lle Amount of simple interest earned given $7,000 at 12% for 6 years . 2. Find the future value, using the future value formula and a calculator. 50 at 93% simple interest for 2 years. Please round the answer to the nearest cent. 23. Find the effective yield for the investment. Round to the nearest hundredth of a percent $4 6%, compounded monthly. Use r = (1 +r)n-1 24. Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long. $600 balance, 13%, $70 payment, adjusted balance method. Please round the answer to the nearest cent. 25. Find S7 when S 35-5n 26. Evaluate the expression. 2 (120- 3k) k 2 4 -+(-1)k 27. Evaluate the expression 28. Find the sum of the infinite geometric series. 140+ 70+ 35+ 29. Use a calculator to evaluate an ordinary annuity formula for m = $50, r= 9%, and 3 yr. Assume monthly payments. n2 2 -I Please round the answer to the nearest cent. . A m.. rn Suppose your gross monthly income is $3,500 and your current monthly payments are $625. If the bank will allow you to pay up to 49% ofyour gross monthly income (less current monthly payments) for a monthly house payment, what is the maximum loan you can obtain if the rate for a 10-year mortgage is 10.5%? Pleas 30. round the answer to the nearest cent
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