10. . You start to save for a major purchase. You can invest GH¢320 every three months for 3 years and 9 months. You are able to earn 5.34% compounded semi- annually. What is the amount of interest that you earn during the entire term? * c. GH¢472.26 a. GH¢468.54 d. GH¢2506.00 b. GH¢5272.26

Q: You want to start to save for a major purchase. You can invest P320 every three months for 3 years…

A: The amount of interest earned can be computed with the help of future value of annuity function

Q: You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%?…

A: Present value refers to the current value of an asset that will be present at some future date which…

Q: urrent assets of NorthPole.com at 1.7 million, 3rd quarter $1.5 million ermanent current assets is:…

A: Current assets are those assets which can be used to pay for current laibilties that means short…

Q: 21. You borrowed 75 percent of a new car priced at $20,000 with an interest rate of 7 percent…

A:

Q: A lender is promised a $100 payment (including interest) one year from today. If the lender has an…

A: A lender is promised $ 100 payment including interest one year from today. Simply stating, A lender…

Q: An account earning 3.2% annual interest contains 1 million dollars. If a fixed amount of money is…

A: Time has been precious in all perspectives, however in terms of finance; the time has a monetary…

Q: 3. Amortization Schedule. Use Excel and calculator. You decide to buy a new BMW that costs $50,000.…

A: Amortization refers to the systematic and regular repayment of loan amount over a period of tenure…

Q: 24. If a car loan of P500,000 requires a 30% down payment. How much is the mortgage? A D. P680,000 A…

A: Since you have asked multiple questions, we will solve one for you (question no.24). If you want any…

Q: A company would like to have $400,000 in 6 years. How much should be invested semiannually into an…

A: Information Provided: Future value = $400,000 Period = 6 years Interest rate = 3.6% compounded…

Q: Q4. You are saving for a new house and you put S10,000 per year in an account paying 8%. The first…

A: Future value of ANNUITY you have to calculate future value FACTOR for ANNUITY and multiplying by…

Q: 1. (a) A bank account pays 5.5% annual interest, compounded monthly. How long will it take the money…

A: We use NPER to find time and Rate function to find APR

Q: Find how much money needs to be deposited now into an account to obtain $40,000 in 5 years if the…

A: Future value (FV) = $40,000 Period (n) = 5 Years Interest rate (r) = 7%

Q: You to start to save for a major purchase. You can invest ₱320 every three months for 3 years and 9…

A: Interest Earned refers to amount cash inflow that a lender or investor receives in excess of…

Q: You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: The loan amount would be price of home less down payment. Monthly payment =Loan amountPVAIF (…

Q: What's the future value of $15,000 after  11 years if the appropriate interest rate is 10.75%,…

A: Future value: This is the amount of present value accumulated or compounded at a rate of interest…

Q: You wish to accumulate $100,000 through monthly payments of $100. If you can earn interest at an…

A: To calculate the time period for a required future value with given periodic deposits at a given…

Q: Suppose you buy car for $67,000 today with an interest rate of 12% over 5 years what is your monthly…

A: Time value of money is a financial concept which is used to calculate the value of money in present…

Q: $7,763     You found out that now you are going to receive payments of $7,000 for the next 14 years.…

A: Present value of annuities will includes the amount that is equivalent today based on the interest…

Q: What is the future value of $700 deposited for one year earning 4 percent interest rate annually?…

A: Future Value = PV × ( 1 + r )n where, PV = Present Value = $700 r = Interest Rate = 4% n = time…

Q: Assume you are offered a $20,000 annual payment, made quarterly (m =4). Payments begin in 10 years…

A: Annual payment=$20000Quarterly payment=20000/4=$5000Discount rate=12%Growth rate=g=4%Deferred…

Q: 4. You plan to borrow $5001.00 now and repay it in 25 years as equal annual payments that will be…

A:

Q: You put $4500 into a bank CD at a rate of 8.5%. You are only going to leave your money in there for…

A: Deposit amount (P) = $4500 Interest rate (r) = 8.5% Period (t) = 6 Months = 0.50 Year

Q: What are the future value and the interest earned

A: Future Value is the compounded interest on the present value of an asset. The worth of a current…

Q: Suppose that you wish to buy a new home that will cost you $400,000. You must put $80,000 down, and…

A: A mortgage is a loan that allows an individual to purchase a home or property. The borrower agrees…

Q: Suppose you borrowed $15,000 at a rate of 10% and must repay it in 5 equal payments at the end of…

A: Annual worth distributes present worth into equivalent uniform value over its useful life.

Q: 4.- A house in Spain can be purchased with an initial payment of $20,000 and bi-monthly payments of…

A: Bi-monthly payment (C) = $1,200Bi-monthly interest rate (r) = 0.0138333333333333 (i.e. 0.083 /…

Q: 29. You invested $10,000 at the end of each year for 20 years at a compound interest rate of 5%…

A: Future value of money is the amount of deposit made and amount of interest accumulated over the…