# Simple interest | Business & Finance homework help

P= $300, r=5%, t=4 years; I=$

Use the formula for simple interest, I=prt to find the indicated quantity.

I=$144, r=8%, t=9 months; P=

P=$

Use the compound interest formula to find the present value for P, the following given values.

A=$23,600

i=0.044

n=108

P=$

Round to nearest cent

An investment company pays 5% compounded semiannually. You want to have $9000 in the future.

A. How much should you deposit now to have that amount 5 years from now?

$? Round to nearest cent.

B. How much should you deposit now to have that amount in 10 years from now?

$? Round to nearest cent

Use the continuous compound interest formula to find the indicated value.

A=$91,000, P=$74,803, r=9.8%, t=?

T= ? years Do not round until the final answer then round to two decimal places if needed.

Use the continuous compound interest formula to find the indicated value.

A=$26,054 P= $14,500, t= 72 months, r=?

r= ? %

round to three decimal places as needed

If the population of a particular country is growing at 3.8% compounded continuously, how long will it take the population to double?

The population will double in? years if it growing at 3.8% compounded continuously

Round to the nearest year

Find I (the rate per period) and n (the number of periods) for the following annuity.

Monthly deposits of $310 are made for 3 years into an annuity that pays 7.5% compounded monthly.

i= ? type an integer or decimal rounded to four decimal places as needed

Find i (the rate per period) and n (the number of periods) for the following annuity.

Monthly deposits of $345 are made for 5 years into an annuity that pays 7% compounded monthly

i= ? type an integer or decimal rounded to four decimal places as needed

n=?

Use the future value formula to find the indicated value

N=30, i=0.03, PMT=$77, FV=?

FV=$

Use the future value formula to find the indicated value.

FV=12,000 i=0.02, PMT=$300, n=

N=? round to the nearest integer as needed.

In order to accumulate enough money for a down payment on a house a couple deposits $611 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 5 years.

Type the amount in the account $?

Round to nearest dollar

Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$9000 i=0.02, PMT=$400 n= ?

Round to the nearest integer

E-Loan an online lending service recently offered 48 month auto loans at 3.6% compounded monthly to applicants with good credit rating. If you have a good credit rating and can afford monthly payments of $407, how much can you borrow from E-Loan? What is the total interest you will pay for this loan?

You can borrow? Round to two decimals places

You will pay a total of $ ? in interest round to two decimal places

If you buy a computer directly from the manufacturer for $2,573 and agree to repay it in 48 equal installments at 1.75% interest per month on the unpaid balance, how much are your monthly payments? How much total interest will be paid.

Your monthly payment is $ round two decimal places

The total interest paid is $ round two decimal places