Solve.Determine the total payment over the term of a student loan of $35,604 at a fixed APR of 7% for 16 years.
A. $59,282.06
B. $59,268.70
C. $59,300.76
D. $59,328.80
Answer: A
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Using the compound interest tables, answer each of the following questions. Required: a.Assuming that $100,000 to be paid at the end of ten years has a present value today of $50,834.90, what interest rate compounded annually is used in the calculation of the present value?b.What amount must be deposited today if $200,000 is to be accumulated six years from today, and interest at 12% is compounded semiannually?
What will be an ideal response?
Decide whether the statement makes sense. Explain your reasoning.If I pay off my mortgage in 12 years instead of 24, I will have to pay about twice as much per month since I will be paying the mortgage off in half the time.
What will be an ideal response?
Write the first five terms of the arithmetic sequence with the given first term a and common difference d.a = 12; d = -3
A. 15, 12, 9, 6, 3 B. 12, 9, 5, 3, 0 C. 9, 6, 3, 0, -3 D. 12, 9, 6, 3, 0
Barry reads a flyer on the campus bulletin board recruiting students for a long-term study. Participation includes completing tests that measure temperament, attitude, and adaptability, as well as being available for follow-up for the next 6 months. The researcher who is developing this study is most likely interested in what type of development?
A. personality B. social C. cognitive D. physical