Help plz hand written 9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will$1500 deposited today be worth in 15 years?10. Same as question 9 except interest is compounded twice per month.11. Youborrowed $15,000 and agreed to pay $1200 per year. Interest is 6.5% per year. You do notmakepayments in years 3 and 4. You begin making payments agam in year 5, with the payment amount nowbeing $1800 per year. What will be the amount of the last payment on this loan?12. $300 is deposited uniformly and continuously each year for 10 years. Interest is 9.5%nominal peryear, compounded continuously. How much will be in the account at the end of the 10 years?

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9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will $1500 deposited today be worth in 15 years? 10. Same as question 9 except interest is compounded twice per month. 11. Youborrowed $15,000 and agreed to pay $1200 per year. Interest is 6.5% per year. You do notmake payments in years 3 and 4. You begin makimg payments agaim in year 5, with the payment amount now being $1800 per year. What will be the amount of the last payment on this loan? 12. Š300 is deposited uniformly and continuously each year for 10 years. Interest is 9.5% nominal per vear comnounded continuousy How much will be im the account at the end of the 10 vears?

9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will $1500 deposited today be worth in 15 years? 10. Same as question 9 except interest is compounded twice per month. 11. Youborrowed $15,000 and agreed to pay $1200 per year. Interest is 6.5% per year. You do notmake payments in years 3 and 4. You begin makimg payments agaim in year 5, with the payment amount now being $1800 per year. What will be the amount of the last payment on this loan? 12. Š300 is deposited uniformly and continuously each year for 10 years. Interest is 9.5% nominal per vear comnounded continuousy How much will be im the account at the end of the 10 vears?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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