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1.$42,000 at 6% for 5 years

2.$1,970 at 1% for 8 years

3.$140 at 6% for 2 years 

4.$15,800 at 3% for 2 years 

5.$95 at 1% for 2 years 

6.$8,500 at 11% for 6 years

7.$1,770 at 5% for 2 years 

8.$59,100 at 12% for 7 years 

9.$32,000 at 9% for 6 years 

10.$14,000 at 12% for 2 years 

11.$11,000 at 15% for 2 years

12.!15,500 at 12% for 5 years

 Apr 26, 2023
 #1
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Do you think people here will do your homework, lazy ?

 

You should submit 1 question only,, and learn from that,  and then sit home all day and slug it! Got it?

 

I will do the first and you copy exactly what I did for the rest of them:

 

1.$42,000 at 6% for 5 years

What does 6% mean? It means: 6 / 100 =0.06

42,000 x 0.06 =$2,520 - simple interest for 1 year.

$2,520 x 5 years =$12,600 - simple interest for 5 years

Principal + Interest =$42,000 + $12,600 =$54,600 - Balance of this investment after 5 years.

 

OK? You do the rest exactly as I did it. You could shorten it like this:

$42,000 + [$42,000 x 0.06 x 5 years] =$54,600 - Balance of this account.

 Apr 26, 2023

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