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- ework - 3 attempts You want to buy a house in 5 years and expect to need $25000 for a down payment. If you have $14000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%) 0:Solve step by step in digital format What will be the present value of a washing machine that Mr. Jacionto acquired if the annuities he pays are $475 over 7 years with an interest rate of 10%?Solve step by step please in digital format Mrs. Martha bought a screen that has a cash price of $ 18,000. She made the purchase on credit, paying 6 monthly installments with an interest rate of 36% per year. Using the constant amortization method ... a. Complete the amortization table b. Calculate the total amount paid for the credit
- Assume that all interest is simple interest. Fred started a new e-Commerce business and borrowed $14,800 for 10 years to get the business up and running. The interest is $4440. Find the rate. Round to two decimal places, if necessary. The interest rate for Fred's loan is Check 68°F Clear #3 $ A IOI WER %. 5 T 6 X ● Search & 7 S U * 8 9 f10 Save For Later © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility a 8:53 PM 6/12/2023 ► 11 O fm P W (12 ins Submit Assignment prt sc delete backspace 3.: 0Allan borrowed $5600 from his father to buy a car. He repaid him after 6 months with interest of 9% per year. Find the total amount he repaid. Select one: a.$5810.00 b.$6104.00 c.$5852.00 d.$252.00How much money must an electrical contractor deposit every year in her savings account starting 1 year from now at 7.5% peyear in order to accumulate $9000 five years from now?Select one:O a. 49620Ob. 1290O c.726d.1549Oe.52290Clear my choice Please answer fast please arjent
- Problem 1 Michelle borrows $7, 200 from her father to buy a used car. She repays him after9 months, at an annual simple interest rate of 6.2%. Find the total amount she repays. PlEASE GIVE FULL SOLUTIONSolve step by step in digital format Pedro bought a late-model car on credit that he will have to pay as follows: $ 105,400 down payment.$ 14,284.62 each month, for 3 years, with a 3-month grace period.Interest rate of 1% per month compounded each month. Calculate: a. The cash price of the car b. The monthly payment if during the grace period there is interest paymentSolve step by step the following problem (solve in digital format) Manuel owes the following amounts to Mr. Benites: $ 12,100 to be paid within 2 months. $ 13,200 to be paid within 5 months. $ 14,300 to be paid within 9 months. Today, Manuel received the savings fund from the company where he works and wants to pay his debt in advance. a. What amount will he have to pay today to replace the original debt if the interest rate is set at 30% compounded each month? b. How much did Manuel save?
- TOPIC: ENGINEERING ECONOMICS Specific SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. Instructions: Solve each problem NEATLY and 1. Gian paid an interest of Php 8000 on a salary loan for 5 years at 7 % interest. What was the original loan? How much did he pay at the end of 5 years?Find the interest earned on $5,750 deposited into a savings account for 3 1/2 years at an annual interest rate of 4 1/2% a. What formula should be used? b. What are you trying to find and what variable does it represent in the formula? c. Solve the problem showing all of your work (must show all steps!!) d. Interpet your answer using a complete sentence You may use the box below to upoload a picture of your written explanation or type it out in the box. Use the "mountain" button to add pictures.A Moving to another question will save this response. Question 5 Jack deposits $5000 in an account which pays 5 percent compounded quarterly. How much will he have in his account in fifteen years? O $10,535.9 O None of the listed items is correct. O $6,024.1 O $10,394.6 O $93,395.9 A Moving to another question will save this response. MacBook Air 20 F3 B00 FA F1 F2 F5 F6 F7 @ #3 $ & 3 4 6. 7 8. W R T Y S D F G V B つ AT
