COMM 308 exam

Given a loan amount​ P, an annual interest rate​ r, and the length of the loan in​ years, find the monthly payment R necessary to pay off the loan by completing parts a through c. Represent the number of monthly payments by n.   Amount Rate Time ​$50,000 5​% 20 years       Question content area bottom Part 1 a. Calculate P1+r12n and call this number A.   A=enter your response here ​(Round to two decimal places as​ needed.) Part 2 b. Calculate 1+r12n−1r12 and call this number B.   B=enter your response here ​(Round to two decimal places as​ needed.) Part 3 c. Let R​ = AB.   The monthly payment necessary to pay off the loan is R=​$enter your response here. ​(Round up to the nearest​ cent.)

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please answer activity 1.1 3rd question and activity 1.2 1st question, thanks. it is about annuities.

Assignment - 11. Quiz: Savings Accounts SECTION ASSIGNMENTS COURSES Attempt 1 of 1 1 2 3 4 Which functions denotes the value of a car loan that accrues 18% annual simple interest for t years? Of (t) = 10000 + 120t Og(x) = 10000 + 12t Oh(x) = 12000t Ok (x) = 10000 1.12t NEXT QUESTION O ASK FOR HELP S Type here to search

A student borrows ​$68,300 at 7.2​% compounded monthly. Find the monthly payment and total interest paid over a 15​-year payment plan. Question content area bottom Part 1 The payment size is ​$enter your response here. ​(Round to the nearest​ cent.)

Macmillan Learning Assume that a three-month CD purchased for $1900 pays simple interest at an annual rate of 7%. How much total interest does it earn? What is the balance at maturity? (Enter your answers rounded to the nearest cent.) earned interest: $ balance at maturity: $ B

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Part a. Loan payments you borrow $100,000 over a period of 30 years at a fixed APR of 5.5% calculate the monthly payment Part b. Determine the total amount paid, then figure out what percentage is paid towards the principal and what percentage is paid for interest. Please solve part A and B they go together. I included an example problem

Assignment - 11. Quiz: Savings Accounts SECTION 1 OF 1 QUES ASSIGNMENTS COURSES Attempt 1 of 1 « < 3 4. 6 7 8 The simple interest rate in a payment plan is 12%, and the principal amount borrowed is $10,000. Which function denotes the total amount that is paid back after t years. Of (t) = 10000 + 1200t Ok (x) = 10000 1.12t O g(z) = 10000 + 12t %3D Oh (x) = 12000t SUBMIT ANSWER O ASK FOR HELP TURN IT IN here to search 100

Suppose that you deposited $5,999 at the end of each year in a Roth IRA account earning an annual rate of 5.01% for the next 15 years. How much would be on deposit at the end of the 15th year? In the space below, please indicate what the following variables are (enter answers to four decimal places and be mindful as to whether the variable is a positive or negative number): 1. PV 2. FV 3. Rate % 4. Periods 5. Payment

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ind the future value and compound interest on $4,000 at 4% compounded semiannually for two years. Use the Future Value or Compound Amount of $1.00 Table or ne future value and compound interest formula. Future Value or Compound Amount of $1.00. Future value = $ (Round to the nearest cent as needed.) Help Me Solve This Calculator Get More Help - Clear All Check Answer P Pearson ere to search %23 70 F home %23 24 4. 6 R Y G K D alt

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A design studio received a loan of $6,850 at 6.20% compounded semi-annually to purchase a camera. If they settled the loan in 2 years by making quarterly payments, construct the amortization schedule for the loan and answer the following questions: a. What was the payment size? $0.00 Round to the nearest cent b. What was the size of the interest portion on the first payment? a $0.00 0 SUBMIT QUESTION SAVE PROGRESS SUBMIT AS

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Answer d) and e)

Suppose you have $5,000 to invest for the next 40 years. You are given 3 choices on where to invest your money. Account #1 12.20% compounded weekly Account #2 12.18% compounded daily 12.16% compounded continuously Account #3 Calculate the APR (assume P-$100, t=1 year) for each account. Round to 2 decimal places, in percent form. APR Account #1 % Account #2 % Account #3 % SHOW WORK BELOW: Based on your calculations, which account will you invest your $5,000? Why? How much money will you have after 40 years in the account that you have chosen? How much in total interest will you gain? In other words, from $5,000, by how much did your money increase?

Question text A payment of $400 was made at the end of each year for five years into a savings account. The interest rate on the account is 6% compounded annually. Find the interest earned on the account. a. $254.84 b. $174.89 c. $240.00 d. $200.00