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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

  1. we invest $2000 in an account that pays simple interest of 4% each year. find the interest earned after five years.
  2. you invest $500 in an account that pays 6% compounded annually. what is the account balance after two years?
  3. 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?
  4. 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.
  5. 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?
  6. 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?
  7. 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.
  8. 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.
  9. 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?
  10. find the interest paid on a 25-years mortgage of $450,000 at an APR of 4.3%.
  11. 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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