need 11-15

A partial payment is made on the date(s) indicated. Use the United States Rule to determine the balance due note at the date of maturity. (The Effective Date is the date the note was written.) Assume the year is not a leap 11) Effective Maturity Partial Payment Principal Rate Date Date Amount Date $1600 7% April 7 August 5 $600 June 18 Use the compound interest formula to compute the total amount accumulated. 12) $10,000 for 20 years at 5% compounded annually Use the present value formula to determine the amount to be invested now, or the present value needed. 13) The desired accumulated amount is $ 6800 after 7 years invested in an account with 8% interest compounded annually. Solve the problem. 14) Brad invests $ 3700 in an account paying 3% compounded monthly. How much is in the account after 8 months? Use an annual percentage rate table to solve the problem. 15) In order to make some home improvements, a home owner spent $24,000. He paid 18% as a down payment and financed the balance of the purchase with a -month fixed installment loan with an APR of Determine the home owner's total finance charge and monthly payment