Question
we invest $2000 in an account that pays simple interest of 4% each year. find the interest earned after five years. you invest $500 in
- we invest $2000 in an account that pays simple interest of 4% each year. find the interest earned after five years.
- you invest $500 in an account that pays 6% compounded annually. what is the account balance after two years?
- you would like to have $10,000 to buy a car three years from now. how much would you need to invest now in a savings account that pays an APR of 9% compunded monthly?
- you borrow $150,000 at an APR of 6% to purchase a plot of land. you pay off the loan in monthly payment over 10 years. find the monthly payment.
- your neighbor took out a 30-year mortgage for $300,000 at a time when the APR was 9%. she says will wind up paying more in interest than for the home that is the principal. is that true?
- how much does your younger brother need to deposit each month into a saving account that pays 7.2% APR in order to have $10,000 when he start college in five years?
- suppose we have a nest egg of $800,000 with an APR of 6% compounded monthly find the monthly yield for a 20-year annuity.
- we have a card with an APR of 20% and a minimum payment that is 4% of the balance. we have a balance of $250 on the card, and we stop charging and pay off the balance by making the minimum payment each month. find the balance after two years of payments.
- the largest monthly payment we can afford is $450 can we afford to borrow a principal of 18,000 with a term of 36 months?
- find the interest paid on a 25-years mortgage of $450,000 at an APR of 4.3%.
- suppose you have a balance of $10,000 on your visa card, which has an APR of 24% the card requires a minimum payment until your balance is below $100
a) find a formula that gives your balance after t Monthly payment
b) find your balance after five years of payment
c) determine how long it will take to get your balance under $100
12 amortization table: suppose we borrow $100 at 5% APR and pay it off in 12 monthly payment. make an amortization table showing payments over the first three months.
payments#'s payment applied to interest applied to balance owed outstanding balance
13 more compound interest assume that a 24-month CD purchased for $7000 pays an APY of 4.25% and of course interest is compounded. how much do you have at maturity?
14 calculating APY find the APY for an account that an APR of 12% if interest is compounded monthly.
these are modern world math questions and i need help in all of these 14 questions could someone please help me in all of these 14 questions.
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