4) Anton tar ett snabblån på 5000 kr . Lảnetiden àr en mânad och avgiften àr 400 kr . a) Vilken månadsränta motsvarar avgiften? b) Vilken årsrằnta motsvarar avgiften om den âr lika stor varje mănad?

The principal \( P \) is borrowed at a simple interest rate \( r \) for a period of time \( t \). Find the simple interest owed for the use of the money. Assume 365 days in a year. \( P=\$ 7000, r=4.5 \%, t=18 \) months The simple interest owed for the use of the money is \( \$ \square \). (Do not round until the final answer. Then round to the nearest cent as needed.)

Determine the effective annual yield for each investment. Then select the better investment. \( 3.06 \% \) compounded monthly; \( 3.07 \% \) compounded annually Click the icon to view some finance formulas. Select the correct choice below and fill in the answer boxes within your choice. (Round to the nearest hundredth as needed.) A. The second investment, \( 3.07 \% \) compounded annually, is the better investment because the effective annual yield for the first investment is investment is \( \square \% \). The first investment, \( 3.06 \% \) compounded monthly, is the better investment because the effective annual yield for the first investment is \( \square \% \) annual yield for the second investment is \( \square \% \).

To borrow money, you pawn your guitar. Based on the value of the guitar, the pawnbroker loans you \( \$ 1080 \). One month later, you get the guitar back by paying the pawnbroker \( \$ 1272 \). What annual interest rate did you pay? You will pay a simple interest rate of \( \square \% \) (Round to the nearest whole number as needed.)

You deposit \( \$ 13,000 \) in an account that pays \( 1.51 \% \) interest compounded quarterly. a. Find the future value after one year. b. Use the future value formula for simple interest to determine the effective annual yield. i. Click the icon to view some finance formulas. a. The future value is \( \$ \square \). (Round to the nearest cent as needed.) b. The effective annual yield is \( \square \% \). (Round to the nearest hundredth as needed.)

Suppose that you camed a bachelor's degree and now youre teaching high school. The school district offers teachers the opportunity to take a year off to eam a master's degree. To achieve this goal, you deposit \( \$ 1000 \) at the end of each year in an annuity that pays \( 5.5 \% \) compounded annually. a. How much will you have saved at the end of five years? b. Find the interest.