On September 5 , Zhu Company buys merchandise on account from Gao Company. The selling price of the goods is \( ¥ 15,000 \), and the cost to Gao Company was \( ¥ 8,000 \). On September 8 , Zhu returns defective goods with a selling price of \( ¥ 2,000 \) and the fair value of \( ¥ 300 \). Record the transactions on the books of Gao Company. Sept. 5 Sept. 5

Find the missing value. \[ P=\text { Php 27,000; } r=? ; \quad t=6 \] months; \( \quad \mid=3,500 \) Your answer

than is looking to take out a mortgage or \( \$ 620,000 \) from a bank offering an nnual interest rate of \( 4.5 \% \), ompounded monthly. Using the formula elow, determine his monthly payment, o the nearest dollar, if the loan is taken ver 25 years. \[ M=\frac{P r}{1-(1+r)^{-n}} \]

\( \$ 5000 \) are invested in a bank account at an interest rate of 5 percent per year. Find the amount in the bank after 13 years if interest is compounded annually. Find the amount in the bank after 13 years if interest is compounded quarterly. Find the amount in the bank after 13 years if interest is compounded monthly. Finally, find the amount in the bank after 13 years if interest is compounded continuously.

Consider a credit card with a balance of \( \$ 9000 \) and an APR of \( 16.5 \% \). If you want to make monthly payments in order to pay off the balance in 3 years, what is the total amount you will pay? Round your answer to the nearest cent, If necessary.

After 2 years Maggie paid \( \$ 75 \) interest on a loan that had a \( 6 \% \) simple interest rate. How much did she borrow?