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What annual interest rate was
you are depositing $1000 dollars in a savings account and are given the following options.
6.2% annual interest rate, compounded
What is the weighted average rate of return for the following investment portfolio? Retirement fund: 50% (6% annual interest)
Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1 divided by 1/12
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following:
(a) The
Find the interest if $ 9,000 is invested at an annual simple interest rate of 8 % for 3 years. Use the formula I = P × R × T ,
Suppose a deposit of $3,500 in a savings account that paid an annual interest rate r (compounded yearly) is worth $3,910 after 2
Model this situation w/ a linear system:
Melissa borrowed $10, 000 for her university tuition. She borrowed part of the money at
Model this situation w/ a linear system:
Melissa borrowed $10, 000 for her university tuition. She borrowed part of the money at
Calculate the monthly payment for a $14,790 auto loan four years at 6.9% annual interest.
use the formula, P = A (r/n) (1+r/n)^nt
Calculate the monthly payment for a $14,790 auto loan over four years at 6.9% annual interest.
Use the formula,