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Compute the amount of interest for $500.00 at 8.75% from June 30 to December 31.

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Number of days betwe...

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How much money do you have to invest in order to accumulate a total of $4761 in 327 days if you are able to earn 9.52% on your money?


A) $3485.86
B) $4358.86
C) $4386.85
D) $3458.86
E) $3845.86

F) B) and D)
G) A) and C)

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A debt of $7120 is to be settled by two equal payments due today, and three years from now respectively. Determine the size of the equal payments if money is worth 8.73% and the agreed focal day is today.

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Let the size of the equal paym...

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On June 12, 2013, Frank James opened a low interest line of credit at his bank, with interest at 4.5% p.a. He used this line of credit immediately to pay $5300 of the tuition fee. On what date did Frank James honour the line of credit if he ended up paying $186.20 in interest?

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I = 186.20; P = 5300; r = 0.04...

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If a 6 month term deposit at a bank pays a simple interest of 3%, how much will have to be deposited to earn $18 000?


A) $600 000
B) $120 000
C) $1 200 000
D) $270
E) $540

F) A) and B)
G) B) and E)

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What principal will have a maturity value of $100 000 at 5% p.a. in 18 months?

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S = 100000.00; r = 0...

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What rate of interest is paid if the interest on a loan of $3500.00 is $99.06 from November 14, 2013 to May 20, 2014?

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Number of days = 16 + 31 + 31 + 28 + 31 + 30 + 20 = 187 r = 11eaae09_727b_b54b_bb34_cde6101c6e2a_TB3016_11 = 11eaae09_727b_dc5c_bb34_117a2a9d8933_TB3016_11 = 5.5244%

Find the maturity value of $832.00 invested at 8.8% from May 20, 2013, to November 23, 2013.

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P = 832; r = 0.088
t = 11 + 30...

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At what rate of interest will $16 590 earn $147.93 in a year?

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r = blured image r = blured image ...

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In how many months will $3500 grow to $4845.94 at 7.25% p.a.?

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Interest: I = 4845.94 - 3500 = 1345.94; P = 3500; r = 0.0725 tmonths = 11eaae09_727c_2a86_bb34_efb3f96a6c4c_TB3016_11 ∗ 12 11eaae09_727c_2a87_bb34_a3e59a34331d_TB3016_11

What principal will earn $59.99 interest at 7.75% p.a. from February 4, 2014 to July 17, 2014?

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Number of days = 24 ...

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What amount of interest will be charged on $20 000 in 1 month for a simple interest of 5.99%?


A) $1198
B) $119.80
C) $99.83
D) $9.98
E) $0

F) A) and B)
G) C) and D)

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Determine the number of days it will take $500.00 to earn $20.00 at Determine the number of days it will take $500.00 to earn $20.00 at   %. %.

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P = 500; I = 20; r =...

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Bart deposited $4300 into a savings account with a rate of 1.4% p.a. After 200 days, what is the maturity value of the deposit?

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P = 4300; r = 1.4% =...

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Debt payments of $1170.00 due two months ago and $1243.00 due today respectively are to be repaid by a payment of $1505.00 in one month and the balance in four months. If money is worth 8.4% p.a. and the agreed focal date is four months from now, what is the size of the final payment?

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Let the size of the final paym...

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What sum of money will accumulate to $3700.00 at 14.75% p.a. in 451 days?

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S = 3700; r = 0.1475; t = 11eaae09_727d_d863_bb34_d54312801c8d_TB3016_11 P = 11eaae09_727d_d864_bb34_571b12aa548f_TB3016_11 = 11eaae09_727d_d865_bb34_2d0a5cba9a67_TB3016_11 = $3129.62

What sum of money will accumulate to $1426.80 in eight months at 7.78%?

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S = 1426.80; r = 0.7...

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On April 24, 2012, Rebecca purchased a government-guaranteed short-term investment maturing on July 5, 2012. How much did Rebecca pay for the investment if she will receive $6000 on the maturity date and interest is 2.75%?

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S = 6000; ...

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What principal will earn $219.89 interest at 11.25% p.a. from November 16, 2013 to February 7, 2014?

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I = 219.89; r = 0.1125
Time pe...

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CentSmart Inc. deposited $83 215 into an account that had a simple interest rate of 2.3% on February 27th, 2015. On New Year's Eve, how much interest had been earned on that deposit?

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The starting date is February ...

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