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Home Question Bank Economics Archive 2024 December 11

Economics Questions from Dec 11,2024

Browse the Economics Q&A Archive for Dec 11,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Solve the problem. Barb is buying a new car for \( \$ 12,500 \). Her old car has a trade-in Value of \( \$ 3,500 \) The dealer informs her that the financing charge is \( 8 \% \) add-on interest. If she wishes to take 1.5 years to pay off the car, what will be the total amount to be repaid? Solve the problem. Joe is buying some kitchen equipment for his new apartment. The total cost is \( \$ 4000 \) and he places a down payment of \( \$ 350 \) There is add-on interest of \( 6 \% \). Find the total interest Joe will pay if it takes him 5 -years to pay for his purchase? Find the present value for the given future amount. Round to the nearest cent. \( A=\$ 18,500,15 \) years \( r=3 \% \) compounded annually Find the compound interest earned by the deposit. Round to the nearest cent. \( \$ 1540 \) at \( 1.5 \% \) compounded annually for 19 years Use the compound interest formula to compute the future value of the investment. Round to the nearest cent. \( \$ 4500 \) at 3\% compounded monthly for 6 years Martin takes out a simple interest loan at \( 3 \% \). After 15 months the amount of interest on the loan is \( \$ 80.96 \). What was the amount of the loan? Round to the nearest dollar. Find the simple interest. The rate is an annual rate unless otherwise noted. Assume 365 days in a year and 30 days pe month. Round to the nearest cent. \( \$ 2800 \) at \( 3 \% \) for 7 years Ett lån på 20000 kr ska amorteras en gång per kvartal, d.v.s. var tredje månad, und ett år. Årsrāntesatsen är 8 \%. Kvartalsränta betalas samtidigt med amorteringama. a) Hur stor blir den första amorteringen? b) Hur stor blir den första ränteinbetalningen? De senaste åren har KPI förändrats enligt nedansuaende tabell. 4) Anton tar ett snabblån på 5000 kr . Lảnetiden àr en mânad och avgiften àr 400 kr . a) Vilken månadsränta motsvarar avgiften? b) Vilken årsrằnta motsvarar avgiften om den âr lika stor varje mănad? 3.3 Sibongile invests R30 000 for 4 years, at \( 13 \% \) p.a. compound interest. After 18 months she makes a withdrawal of R 20000 . How much will she receive at the end of 4 years?
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