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RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN)
Solve the following problem step by step, include the formulas you use and the development please
In what time did $ 2,300 become $ 7,900 at 34% simple annual interest?
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Solved in 3 steps
- RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please How much should a person who owes $ 17,500 pay in interest if they are charged 17% interest four and a half months later?Use Goal seek on the loan amount of $825,000. You would like the monthlypayment to be $4500.00. Find a solution for new loan amount, term, and Interestrate. Do not overwrite the Existing data on D3. Hint: Use Cancel when goal seekfinds a solution. Write the solution in the space provided on a spreadsheet.RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please Mr. Martínez obtains a loan of $ 2,000 and pays after 8 months $ 2940, what annual interest rate did they charge him?
- 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.RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please - A person bought a car for which he paid $ 9500 on January 1 and sells it on June 6 of the following year for $ 16,700. What was the return in% that the investment gave?solve using the appropriate formulas show full workings and find the answer. DONT USE EXCEL TO SOLVE ANYTHING ONLY USE RELEVANT FORMULAS TO SOLVE AND SHOW ALL WORKINGS 5. You have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?
- Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 4. A person today deposits in a bank account the sum of $ 125,000 with a monthly interest rate of 0.75% (9% per year) and plans to withdraw $ 4,000 from the account at the end of each month until the account is zero. For how many months will you be able to make these withdrawals?Solve the following problems without using any software, do everything in digital format, explain the formulas, substitutions and result 3. A person has available the amount of $ 1,250,000 he wants to use to ensure a fixed monthly income for the next three years. For this purpose, deposit that amount in a revolving bank account every 30 days and a monthly interest rate of 0.8% (9.6% per year). Assuming the interest rate was held constant, what amount should you withdraw each month so that by the end of the three years the amount initially deposited would have been completely used up?RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please Maru wants to buy a house in two years. Suppose that the down payment that you would have to pay at those dates is $ 350,000. If you want to have this amount in two years, what amount should you deposit today at a fixed income of 4.5% semiannual?
- You invest $ 500 today and receive $ 750 at the end of 5 years. a. DETERMINE the internal rate of return, using hand interpolation. Write answer to 2 decimal places. b. SUBMIT the procedures via the spreadsheet icon. Show all your computations. -DONT USE CHATGPT DONT USE SOFTWARE (EXCEL, PYTHON, R ETC) How many years would it take to obtain $20,000 if today $4,000 were deposited in a savings fund that pays an interest rate of 2% monthly?RESOLVE THIS PROBLEM IN DIGITAL FORMAT (NOT HANDWRITTEN) Solve the following problem step by step, include the formulas you use and the development please Four months after obtaining a loan, Luis must pay exactly $ 11,200, this payment already includes interest at 35%, how much he borrowed.