• 8 Questions
Deborah decides to put in a savings account with an interest rate of per year. What is the total amount of money that Deborah will have in her savings account after years?
Chris wants to buy an RV for his family holidays. He has researched the different models and decided he needs to spend about to get one suitable for his family. He wants to get a loan to pay for the RV and pay it off in 5 years. His bank charges annual interest, compounded monthly.
What is the monthly payment required to pay for the RV in 5 years?
Chris can only afford to pay a maximum of $500 every month and does not want to make a down payment. What is the maximum he can pay for an RV? Give your answer to the nearest hundred dollars.
A bank offers a savings account with an annual interest rate. For an initial investment , the capital after years is given by . What is the annual interest rate?
An account pays interest every 3 months. On an initial deposit of dollars, what is the amount after years?
During a boom in the real estate market, the value of properties increased on average by every year. What was the percentage increase every 5 years?