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Wanda wants to take out a loan. She can afford to make monthly payments of 300 dollars and wants to pay the loan off after exactly 25 years. What is the maximum amount that Wanda can afford to borrow if the bank charges interest at an annual rate of 5 percent, compounded monthly? (Give your answer, in dollars, correct to the nearest dollar.)

James wants to take out a loan. Suppose he can afford to make monthly payments of 200 dollars and the bank charges interest at an annual rate of 5 percent, compounded monthly. What is the maximum amount that James could afford to borrow if the loan is to be paid off eventually? (Give your answer, in dollars, correct to the nearest dollar.)

E-Loan, an online lending service, recently offered 36-month auto loans at 5.4% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $457, ho much can you borrow from E-Loan? What is the total interest you will pay for this loan?

E-Loan, an online lending? service, recently offered 60?-month auto loans at 3.9 % compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $ 446 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 decimal? places.)

You will pay a total of $

in interest.???(Round to two decimal? places.)

The Case of Susan B. Anthony: What is a central idea of The Case of Susan B. Anthony Question 12 options: a) Most people either aware or involved in the Anthony case do not see her as a criminal. b) Since her arrest, Anthony has taken a step back and allowed public opinion on her to take its own course. c) The letter is attempting to draw attention to a case which has been mostly overlooked by the public. d) All of the authorities who prosecute Anthony secretly support her cause.

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

Monthly deposits of $210 are made for 5 years into an annuity that pays 5.5% compounded monthly.

i =_____ (Round to four decimal places); n =______

A self-employed person has a Keogh retirement plan. (This type of plan is free of taxes until money is withdrawn.) If deposits of $7500 are made each year into an account paying 8% compounded annually, how much will be in the account after 20 years?

Sun America offered an annuity that pays 6.35% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $200,000 in 15 years?

A self employed person has a 401(k) retirement plan with The Hartford. If deposits of $130 are made each month into the retirement plan that pays 5.5% interest compounded monthly, how much will be in the account after 20 years? How much interest will the person have earned? Round your answers to the nearest cent. Show all steps.

Andrea, a self-employed individual, wishes to accumulate a retirement fund of $400,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 4.5%/year compounded monthly, to reach her goal upon retirement 40 years from now? (Round your answer to the nearest cent.)

Since he was 21 years old, Ben has been depositing $200 at the end of each month into a tax-free retirement account earning interest at the rate of 4.5%/year compounded monthly. Larry, who is the same age as Ben, decided to open a tax-free retirement account 5 years after Ben opened his. If Larry's account earns interest at the same rate as Ben's, determine how much Larry should deposit each month into his account so that both men will have the same amount of money in their accounts at age 65. (Round your answer to the nearest cent.)

The johnsons have accumulated a nest egg of $40,000 that theyintend to use as a down payment toward the purchase of a new house.Because their present gross income has placed them in a relativelyhigh tax bracket, they have decided to invest a minimum of$2400/month in monthly payments (to take advantage of the taxdeduction) toward the purchase of their house. However, because ofother financial obligations their monthly payments should notexceed $3000. If local motgage rates are 7.5/year compooundedmonthly for a conventional 30-yaear mortgage, what is the pricerange of houses that they should consider? (DO NOT ANSWER THISQUESTION, PLEASE SEE BELOW)

Refer to the question above. if local mortgage rates were increasedto 8%, how would this affect the price range of houses that thejohnsons could consider?

Answer the questions from stephens king “the ledge”

**answer in short sentences

1.Who is the narrator (telling the story?

2.From what point-of-view is the story told? (first person protagonist, first person minor, third person omniscient, or third person limited)

3. Who is the antagonist (opposing FORCE to the protagonist)?

4.Describe the character Norris.

5.Describe the character Cressner.

6.How much money does Cressner offer Norris?

7.What does Cressner propose Norris do in order to receive Marcia and the money?

The johnsons have accumulated a nest egg of $40,000 that theyintend to use as a down payment toward the purchase of a new house.Because their present gross income has placed them in a relativelyhigh tax bracket, they have decided to invest a minimum of$2400/month in monthly payments (to take advantage of the taxdeduction) toward the purchase of their house. However, because ofother financial obligations their monthly payments should notexceed $3000. If local motgage rates are 7.5/year compooundedmonthly for a conventional 30-yaear mortgage, what is the pricerange of houses that they should consider? (DO NOT ANSWER THISQUESTION, PLEASE SEE BELOW)

Refer to the question above. if local mortgage rates were increasedto 8%, how would this affect the price range of houses that thejohnsons could consider?

The Johnsons have accumulated a nest egg of $17,000 that theyintend to use as a down payment toward the purchase of a new house.Because their present gross income has placed them in a relativelyhigh tax bracket, they have decided to invest a minimum of$1000/month in monthly payments (to take advantage of the taxdeduction) toward the purchase of their house. However, because ofother financial obligations, their monthly payments should notexceed $1300. If local mortgage rates are 8.5%/year compoundedmonthly for a conventional 30-year mortgage, what is the pricerange of houses they should consider? (Round your answers to thenearest cent.)
least expensive-
most expensive-

I am doing ok with annuities but this problem has me very stuck. Ifanyone can help please show work in detail and explain the steps soI can see where I am getting stuck! Thanks in advace!

The Johnsons have accumulated a nest egg of $24,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $1300/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. However, because of other financial obligations, their monthly payments should not exceed $1600. If local mortgage rates are 8.5%/year compounded monthly for a conventional 30-yr mortgage, what is the price range of houses they should consider? (Round your answers to the nearest cent.)

1) Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)

$1700/semiannual period for 7 years at 4.5%/year compounded semiannually

2) Luis has $110,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000/quarter into the new account until his retirement 30 years from now. If the new account earns interest at the rate of 2.5%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.)

3) The Johnsons have accumulated a nest egg of $50,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $2800/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. However, because of other financial obligations, their monthly payments should not exceed $3400. If local mortgage rates are 2.5%/year compounded monthly for a conventional 30-year mortgage, what is the price range of houses that they should consider? (Round your answers to the nearest cent.)

Least expensive :

Most expensive:

1.Suppose an insurance agent offers you a policy that will provideyou with a yearly income of $210,000 in 25 years. What is thecomparable annual salary today, assuming an inflation rate of2%?.

2.If $800 is invested in an account that earns annual interest of4.5%, compounded semiannually, what will the account balance beafter 15 years? (Round your answer to the nearest cent.)

3.A car dealer will sell you the $16,450 car of your dreams for$3,220 down and payments of $339.97 per month for 48 months. Whatis the total amount paid for both car and financing? (Round youranswer to the nearest cent.)

4.Many states offer personalized license plates. California, forexample, allows personalized plates with seven spaces for numeralsor letters, or one of the following four symbols.What is the totalnumber of license plates possible using this counting scheme?(Assume that each available space is occupied by a numeral, letter,symbol, or space. Give the answer in scientific notation. Round thefirst number to two decimal places.)

5.Find the ending balance in an account that opens with $2,000,earns 6.5% interest compounded quarterly, and is held for 10 years.(Round your answer to the nearest cent.)

6.Convert the following credit card rate to the APR. Nebraska,0.02740% daily rate. (Round your answer to the nearest wholenumber.)

7.Find the amount of interest and the monthly payment for the loan.Purchase a car for $42,400 at 2.9% add-on rate for 5 years. (Roundyour answers to the nearest cent.)per month and interest

8.Suppose that you want to purchase a home for $450,000 with a 30year mortgage at 6% interest. Suppose that you can put 30% down.Assume that the monthly cost to finance $1,000 is $6.00. What arethe monthly payments

9.Determine the comparable interest rate for a $80,000 loan whenthe quoted information is 10.2% + 0.5 pt + $400. (Round your answerto two decimal places.)

10.A club consists of 16 men and 19 women. In how many ways canthey choose a president, vice president, treasurer, and secretary,along with an advisory committee of six people? (Round the answerto five decimal places.)

11.Calculate the monthly finance charge for the following creditcard transaction. Assume that it takes 10 days for a payment to bereceived and recorded and that the month is 30 days long. Assume365 days in a year. (Round your answer to the nearest cent.)
$3,000 balance, 21% rate, $1,500 payment, adjusted balancemethod

12.If a business borrows $16,000 and repays $26,000 in 5 years,what is the simple interest rate?

13.In how many ways can five books be arranged on abookshelf?

14.Suppose you have a $1,000 charge on a credit card charging 1.5%monthly interest using the adjusted balance method. The minimumpayment due in May is $50. How much will you save in interestcharges in June by paying $100 instead?

Sarah secured a bank loan of $200,000 for the purchase of a house. The mortgage is to be amortized through monthly payments for a term of 15 yr, with an interest rate of 6%/year compounded monthly on the unpaid balance. She plans to sell her house in 5 yr. How much will Sarah still owe on her house?

Five years ago, Diane secured a bank loan of $310,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 yr, and the interest rate was 10%/year compounded monthly on the unpaid balance. Because the interest rate for a conventional 30-yr home mortgage has now dropped to 7%/year compounded monthly, Diane is thinking of refinancing her property. (Round your answers to the nearest cent.)

(a) What is Diane's current monthly mortgage payment?

(b) What is Diane's current outstanding principal?


(c) If Diane decides to refinance her property by securing a 30-yr home mortgage loan in the amount of the current outstanding principal at the prevailing interest rate of 7%/year compounded monthly, what will be her monthly mortgage payment?


(d) How much less would Diane's monthly mortgage payment be if she refinances?

Five years ago, Diane secured a bank loan of $360,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 yr, and the interest rate was 10%/year compounded monthly on the unpaid balance. Because the interest rate for a conventional 30-yr home mortgage has now dropped to 7%/year compounded monthly, Diane is thinking of refinancing her property. (Round your answers to the nearest cent.)

(a) What is Diane's current monthly mortgage payment?

(b) What is Diane's current outstanding principal?

(c) If Diane decides to refinance her property by securing a 30-yr home mortgage loan in the amount of the current outstanding principal at the prevailing interest rate of 7%/year compounded monthly, what will be her monthly mortgage payment?

d) How much less would Diane's monthly mortgage payment be if she refinances?