Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please just provide me answers no detials Find the interest on the following loan. $8000 at 4% for 6 months The simple interest is $|:|.

please just provide me answers no detials

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Find the interest on the following loan. $8000 at 4% for 6 months The simple interest is $|:|. (Round to the nearest cent as needed.) Find the present value of the given future amount. $48,000 for 15 months at 8% simple interest What is the present value? $ (Round to the nearest dollar as needed.) Find the compound amount for the deposit and the amount of interest earned. $7200 at 5% compounded quarterly for 4 years The compound amount after 4 years is $. Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $. (Do not round until the final answer. Then round to the nearest cent as needed.)Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $7866.95 at 3.8% compounded annually for 6 years The present value is $l:|. (Do not round until the nal answer. Then round to the nearest cent as needed.) Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $850; 125% compounded semiannually for 7 years. The future value of the ordinary annuity is $ . (Do not round until the nal answer. Then round to the nearest cent as needed.) Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $95,000; money earns 8% compounded semiannually for 17 years The payment size is $. (Do not round until the final answer. Then round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Linear Algebra A Geometry Toolbox

Authors: Gerald Farin, Dianne Hansford

3rd Edition

1466579587, 9781466579583

More Books

Students also viewed these Mathematics questions