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Q: Suppose Betty takes out a loan for 300 at an annually compounded interest rate of 6 percent to be repaid after 5 years How much will be required to pay off the loan?
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How do you do A local bank is advertising that you can double your money in eight years if you invest with them Suppose you have 1000 to invest What interest rate is the bank offering?

0.7%


Suppose interest rates have been at historically low levels the past two years A reasonable strategy for bond investors during this time would be to?

invest in short-term bonds to reduce interest rate risk


Suppose 1.500 is invested in a CD for 3 years at a simple interest rate of 4.5 How much will the CD be worth after 3 years?

1,500 dollars


Suppose interest rates have been high the past 2years and you expect they will soon go down A reasonable strategy for bond investors during this time period would be to?

The market is always on a slope, and is therefore expected to do the complete opposite of its current standings in the following years. There for a bond investor would want to lock in the current interest rates by buying multiple bonds from the government, and in the future, when the interest rates lower, sell them in the market to individuals who are looking for the high interest rates you have, since those bonds will have higher returns.


What is a loan balance?

When you get a loan, sometimes the entire amount of the loan is not given out (disbursed) immediately. For instance, suppose the loan is a home equity loan. Usually, the person receives portions of this loan as needed. Suppose the total loan available is $50,000. The person takes $10,000 of this amount. The disbursed loan balance is now $10,000. Depending on the contract, the person will receive a bill for an installment payment to reduce this amount plus interest.

Related questions

What is the correct formula for compound interest?

Suppose the amount invested (or borrowed) is K, Suppose the rate of interest is R% annually, Suppose the amount accrues interest for Y years. Then the interest I is 100*K[(1 + R/100)^Y - 1]


Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?

balls


How do you work out interest accrued on spreadsheet for compound interest?

SupposeCapital invested = YAnnual Interest Rate = R%Period of investment = TThen if the interest is calculated (and compounded) n times a yeartotal value =Y*[1 + r/(100*n)]^(n*T)So interest accrued = Total value - YSupposeCapital invested = YAnnual Interest Rate = R%Period of investment = TThen if the interest is calculated (and compounded) n times a yeartotal value =Y*[1 + r/(100*n)]^(n*T)So interest accrued = Total value - YSupposeCapital invested = YAnnual Interest Rate = R%Period of investment = TThen if the interest is calculated (and compounded) n times a yeartotal value =Y*[1 + r/(100*n)]^(n*T)So interest accrued = Total value - YSupposeCapital invested = YAnnual Interest Rate = R%Period of investment = TThen if the interest is calculated (and compounded) n times a yeartotal value =Y*[1 + r/(100*n)]^(n*T)So interest accrued = Total value - Y


What do noble families do when they are not required to work?

I suppose they order the people who work for them.


What simple interest rate per quarter is charge on a three thousand pesos loan if the debt is settled by a payment of 4500 at the end of five quarter?

Suppose R is the quarterly in Save terest Then 3000+5R = 4500 5R = 1500 R = 300 300, as a percentage of 3000 = 100*300/3000 = 10% So the simple interest rate is 10% per quarter of 40% annually.


Suppose that you plan on investing into an account paying simple interest The formula for simple interest is I equals Prt where I is the interest earned on a investment of P dollars at the given rate?

No. I is as described for the stated period.


Suppose that inflation is -3 per year and it is expected to continue at that rate in the future If the nominal interest rate is 0 per year then what is the real interest rate?

-3


Which character in Romeo and Juliet has a name that means kind?

Benvolio's name means "good will"; I suppose that is what is required.


What level is required to where the god- sword?

I suppose you mean to wear it. A godsword requires level 75 attack.


How does the energy required for dissolving the solute compare with the energy released If a solution process is exothermic?

I suppose that these are synonyms.


Is determining the conditions required for materials to burn applied or pure chemistry?

I suppose that this is an example of applied chemistry.


Suppose you want to heat 40g of water by 20c how many joules of heat are required?

334.8 Joules