Time + money - practice problems - page 9 of 16
Number of problems found: 304
- Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years? - Savings
Suppose on your 21st birthday you begin making monthly payments of $500 into an account that pays 8% compounded monthly. If you continue the payments until your 51st birthday (30 years), How much money is in your account? How much of it is interesting? Sh - Future value
Suppose you invested $1000 per quarter over 15 years. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earned? - Beginning 34991
At the beginning of the year, the company had CZK 5,000,000 in its account. He has the money saved at a 16% interest rate. How much was the interest for the first year? How much was the interest for the second year?
- Susan
Susan bought an oven in a pay lite installment plan of Php 2,070 monthly for six months. The payment is automatically debited from her credit card. What is the net debit on her card after six months from the installment plan alone? - Retirement annuity
How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first ten years and $3000 per month for the next 15 years? Assume that the payment represents a rate of return to the person receiving t - Workers 31841
Twelve workers earned 2,000 euros in 10 days. How many workers would 14 workers earn in 8 days? - Beginning 31671
At the beginning of the year, Mr. Novák borrowed CZK 30,000 for two years with an interest rate of 11.8%. He will repay the debt at once after two years. The bank pays interest once a year, always at the end of the year. How much does Mr. Novák have to re - Obtained 31531
On 1 March, Mr. Závora obtained a loan from the bank for CZK 70,000 for four months. The interest rate is 9.5%. How much will he repay to the bank?
- Environmentally 30731
Peter plans to buy a used seven-seater for a large family. The so-called van or MPV. The first car Renault Espace 2.0 dCi 16V Dynamique 2006, costs 2000 euros + 350 euros registration for Slovak brands, imported from Italy. It is 14 years old and has a co - Calculate 30461
Mrs. Zdena took over the ordered goods worth 5000 €. She did not pay the invoice by the required date of 31.5.2019. Interest on arrears is 5.5% per annum. Calculate the payment as of 31.8.2019. - Used cars
Peter plans to buy a used car: the first car Renault Espace 2.0 dCi 16V Dynamique 2006, costs 2000 euros. It is 14 years old and has a combined diesel consumption of 8 liters. / 100 km. Diesel costs 1.1 euros/liter. How much will the car cost him to opera - Worker salary
The worker had a salary of CZK 18,000. During the year, his salary was increased by a quarter. He earned a total of CZK 247,500 for the whole year. From which month was his salary increased? - Interest 29731
How much interest will the savings bank credit to the deposit of CZK 25,000 in 1 year at an annual interest rate of 2.5%?
- Magic bag
The number of tolars in the magic bag doubled each time the prince crossed the bridge. But then the devil always conjured 300 tolars for him. When this happened for the third time, the prince had twice as much as he had in the beginning. How many tolars d - Grandchildren 28641
Mr. Novák wants to distribute CZK 1,600 among his grandchildren. They divide the amount according to their age. The two grandchildren are 15 years old. The remaining two are 12 and six years old. How many crowns will each of the boys receive? - Deposit 28541
After a year of saving, a deposit of 500 euros, she had 512 euros. At what rate? - Shopping malls
The chain of department stores plans to invest up to 24,000 euros in television advertising. Ads will place all commercials on a television station where the broadcast of a 30-second spot costs EUR 1,000 and is watched by 14,000 potential customers. Durin - Six workers
Six workers earned a total of CZK 12,600 per week on the construction site (5 working days). How much do seven workers earn in 10 days with the same daily average salary?
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