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Lorie reilly decides to go back to college

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1. Lorie Reilly decides to go back to college. For transportation, she borrows money from her parents to buy a small car for $7,200. She plans to repay the loan in 7 months. What amount can she deposit today at 5.25% to have enough to pay off the loan? 

Reference no: EM13972294

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Find the compound amount of is invested at compounded : Find the compound amount of $25,000 is invested at 6% compounded continuously for the following number of years.
Find the interest rate that makes the statement true : Find the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar) $8,500 grows to $12,161 in 7 years.
Find the amount of interest earned : Find the amount of interest earned by each of the following deposits: $27,630.35 at 4.4% compounded quarterly for 3.7 years.
Find the compound amount for each of the following deposit : Find the compound amount for each of the following deposits: $15,000 at 4.6% compounded semiannually for 11 years.
Lorie reilly decides to go back to college : What amount can she deposit today at 5.25% to have enough to pay off the loan?
What amount could the firm deposit in an account paying : What amount could the firm deposit in an account paying 6.42% to have enough to pay for the machines?
What amount should a student deposit today : Tuition is 1,769 will be due when the spring term begins in 4 months. What amount should a student deposit today, at 3.25% to have enough to pay the tuition?
What interest rate was earned : A $100,000 certificate of deposit held for 60 days is worth $101,133.33. To the nearest tenth of a percent, what interest rate was earned?
Find the interest rate to the nearest tenth on the proceeds : Find the interest rate to the nearest tenth on the proceeds for the following simple discount notes. $5,000; discount rate 8.1%; length of loan 6 months.

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