Use the actuarial method to find the amount of unearned interest for the loan paid in full before the due date. Amount Financed: \( \$ 3500 \) Regular Monthly Payment: \( \$ 77.86 \) Total Number of Payments scheduled: 60 Loan repaid in full instead of making: 36 th payment

The new technology aims to assist both grocery chains and the customer. With years of inflation and grocery prices rising, budgets are top of mind for consumers right now. So much so that a survey of registered voters before last month`s election showed that a whopping 96\% of voters said high prices for gas, groceries, and other goods factored in to how they cast their ballots. Consumer Price Index, or CPI, inflation data shows that Americans are shelling out \( 22 \% \) more for groceries compared to January of 2021.

Scott invested a total of \( \$ 6300 \) at two separate banks. One bank pays simple interest of \( 10 \% \) per year while the other pays simple interest at a rate of \( 6 \% \) per year. If Scott earned \( \$ 502.00 \) in interest during a single year, how much did he have on deposit in each bank? Scott had \( \$ 3100 \) on deposit at the bank that payed \( 10 \% \) interest.

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Suppose Lisa borrows \( \$ 7500 \) at an interest rate of \( 4 \% \) compounded each year. Assume that no payments are made on the loan. Follow the instructions below. Do not do any rounding. \[ \begin{array}{l}\text { (a) Find the amount owed at the end of } 1 \text { year. } \\ \text { (b) Find the amount owed at the end of } 2 \text { years. }\end{array} \]

Suppose that \( \$ 8500 \) is placed in an account that pays \( 17 \% \) interest compounded each year, Assume that no withdrawals are made from the account, Follow the instructions below, Do not do any rounding. (a) Find the amount in the account at the end of 1 vear. (b) Find the amount in the account at the end of 2 years. \( \$ 11637.15 \)