28) 7.25% comp: monthly: if $1,000 is deposited into mouthly, how much is in acct. after Is years? How much. of. this is interest?. N = 120 F1. = 6.5 PVC O N=180 51. = 7.25 PV = O 32). 5.5% comp. monthly; what equal monthly deposit should be made into this amvity in order to have $100,000 in to years? N = 30 11. = 6.8 PV 6 PMT=-1000 FV ? pint?626.93 PV = 100,000 '[v = (2 - (૧ * 12 F/4 = 12 014-12 Ply=-2 9/4-2. 34) fund set up to have $120,000 in 15 years. how much should be paid semiannually into acct: paying 6.8% Comp. semiannually? Pút? +2363.07. FV = 120000 7 Period 1 2 3 4 5 PV $323,943.07 interest = $143; 943.07 36) if 2,000 is deposited at end of each quarter for 2 years into annuity eaning 7.9%, comp. quartuly, construct a balance sheet showing I earned during each quarter to balance it end of each quarter. Interest Balance monthly for. 1o. years. at $426.93 per payment раумела 2000 2000 2000. 2000 2000 2000 N= ? 51. = 6.6 PUO PMT= -2000 FV = 100,000 k[1 = 12 0/4.-12 $2363.07. $0 $39.50 $79.78 $120.86 142.74 46114.38 $8240.14 $10402.88 $12.608.84 $14 857.35 2000 2000 417150-78 46) monthly payments of $2,000 into an acct. paying 6.6%. comp. monthly. How long will it be before the act. has. $100,000? → 44.29 45 months 2000 $4039:50 ·$205.46 $249.10 $293.45 I= PRT I: (2000) (079) (4) I= 39.50

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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Please help me check my homework problems! Annuities and mortgages! Thank you so much.

28) 7.25% comp: monthly: if. $1,000 is deposited into monthly, how much is in acit. after 15 years? How much. of.
this is interest?.
N = 120
1. = 6.5
PV = 0
[૫ = (2 -
|\ * 12
32). 5.5% comp. monthly; what equal monthly deposit should be made into this amvity in order to have $100,000 in
to years?
pit? 1626.93
PV = 100,000
N=180
11. = 7.25
PV = O
P/45.2.
014-2.
PMT=-1000
FV ?
114512
c/4-12
N = 30
11. = 6.8
PV = 6
PMT? +2363.07.
FV = 120000
I
2
3
4
34) fund set up to have $120,000 in 15 years. how much should be paid semiannually into acct: paying 6.8%:
Comp. semiannually?
5
6
7
PV = $323,943.07 interest = $143; 943.07
36) if 2,000 is deposited at end of each quarter for 2 years into annuity caming 7.9%. comp. quarterly, construct a
balance sheet showing I earned during each quarter + balaie it end of each quarter.
Period
Payment
Interest
Balance
monthly for. 1o. years. at. $426.93 per payment.
N= ?
11. = 6.6
PUED
PMT=-2000
FV = 100,000
111 = 12
0/4=12
$2363.07.
2000
2000
2000.
2000
2000
10402.68
tooo
$12.608..34
2000
$14 857.35
$17150.78
2000
46) monthly payments of $2,000 into an acct. paying 6.67%. comp. monthly. How long will it be before the acct. has
$100,000?
44.29
45 months
$0
$39.50
$79.78
$120.86
142.74
2000
$4039:50
$6119.28
$8240.14
$205.46
$249.10
$293.45
I= PRT
I (2000) (079) (y)
I= 39.50

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Step 1 Given

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As per the given information:

Rate of interest (I) - 7.25%

Period (N) - 15 years or 180 months

Amount deposited - $1,000

To determine:

Future value of the amount deposited after 15 years

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