The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice O O $1,800.00. $450.00.
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- The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice $450.00. $37.50. $112.50. $11.25. $1,800.00.If interest is 5% compounded quarterly, calculate the present value of twelve $1,000 monthly payments. Multiple Choice $11,582.52 $11,382.52 $11,782.52 $11,682.52 $11,482.52 Show all the calculation steps and formulas if necessaryOnly typed answer Find both the exact and ordinary interest on $33,700 at 11 1/4% for 140 days. Then find the amount by which the ordinary interest is larger.
- Determine the monthly payment for the installment loan. Use the installment payment formula m = 1- Amount Financed (P) $1,440 O A. $179.15 B. $35.15 O C. $125.26 O D. $366.02 P n 1+) - not Annual Percentage Rate (r) 8% Number of Payments per Year (n) 12 Time in Years (t) 4Calculate the accumulated value of monthly payments of $100.00 made at the end of each month for ten years just after the last payment has been made if interest is 12% p.a. compounded monthly. Select one: A. $1 046.22 B. $23 003.87 OC. $330 003.87 O D. $12 000 O E. $33 003.87Find the simple interest. Assume a 360-day year.$5566.49 at 3.1% for 65 days the simple interst is $ (Round to the nearest cent)
- Assume that a one-year CD purchased for $1000 pays an APR of 6% that is compounded semi-annually. How much is in the account at the end of each compounding period? (Calculate the interest and compound it each period rather than using the compound interest formula. Round your answers to the nearest cent.) first period $ second period $ How much total interest does it earn? (Round your answer to the nearest cent.)$ What is the APY? %Note: DONT USE EXCEL! Directions: Compute the interest. Round off your final answer up to 2 decimal places. 1. P27,000 at 6.5% simple interest for 1 year. 2. P31,000 at 7.5% simple interest for 50 days. 3. P63,000 at 12.5% simple interest for 3 years and 6 months. 4. P89,500 at 11.5% simple interest for 220 days. 5. 36,000 at 9.7% simple interest for 2 years.Manually calculate the compound interest on an investment of $7,500 at 6% interest, compounded semiannually, for 1 year. Group of answer choices $7,950.00 $7,956.75 $456.75 $450.00
- Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A CFind the simple interest. (The rate is an annual rate unless otherwise noted. Assume 360 days in a year.) p=$200, r=4%, t=5 years A. $10 B. $40 C. $160 D. $4Calculate the interest on a 270−day, 11% note for $50,000. (Use a 365−day year. Do not round intermediate calculations, and round the final answer to the nearest dollar.) A. $8,250 B. $458 C. $4,068 D. $5,500
