INTERESTING EXAMPLE #1: SIMPLE INTEREST ha Audio Ineho's;
Kyra has been babysitting since 6th grade. She has
saved $1,000 and wants to open an account at the
bank so that she will earn interest on her savings.
Simple Bank pays simple interest at a rate of 10%.
QUESTION: How much money will Kyra have IN
TOTAL after one year, assuming she neither deposits
nor withdraws any money?

Fixed rate mortgage offer: purchase price: $170,000 down payment ($34k): 20% term: 30 years interest rate: 4.25% property tax (yearly): $1,500 homeowner’s insurance (yearly): $1,000 use this example from a fixed-rate mortgage calculator to you answer the questions. keep the page open after you complete this question. according to the calculator, the monthly payment demarco and tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.