A $10,000 certificate of deposit earns interest of 8 percent per year, compounded Semiannually. Find the interest and compound amount (by table) with regard to semiannual compounding. What is the total interest over 2-year period?

Q: Find the effective interest rate for a $1,500 loan for four years compounded semiannually at an…

A: Calculation of Effective Interest Rate:The effective interest rate is 8.16%.Excel Spreadsheet:

Q: For each of the following ordinary annuities, calculate the interest and principal portion of the…

A: Here, To Find: Interest and principal portion of the payment =?

Q: Find the compound interest and compound amount for a loan of $5,000 at 6% compounded semiannually…

A: Given that the present value is $5000, interest rate is 6% and the time period is 2 years, with the…

Q: ARAB Bank pays 0.074 percent, compounded weekly (based on 52 weeks), on an 8-month certificate of…

A: The effective annual rate of interest is the real return on the savings account when the effects of…

Q: Periodic deposit-$? at the end of the year Rate-5% compounded annually Time-19 years Financial…

A: Financial goal The goals that an individual or business sets when dealing with money are called…

Q: For a Federal Credit Union that provides a compounded quarterly interest rate of 8 percent per year,…

A: Federal credit union is referred as the credit union as per the regulatory comprehension of National…

Q: Find the interest rate for a $5000 deposit accumulating to $6874.70, compounded quarterly for 8…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: A given account accrues two kinds of deposits for a period of 7 years. One is a leveled deposit of…

A: Deposit account is a financial service offered by banks and other financial institutions to their…

Q: A 2-year certificate of deposit that pays 9.85%.compounded monthly is preferred to 2-year CD that…

A: Certificate deposit:A certificate deposit (sometimes called a CD) is a type of financial instrument…

Q: The total inter

A: Interest = Principal amount * Annual interest  * months/12

Q: Calculate the amount major of interest total of a year for a bill of saving a term open, with an…

A: There are the following information given below: Amount major and interest =?

Q: Jompound amount for the deposit. Round to the nearest cent. 5) $18,000 at 7% compounded semiannually…

A: Future value is what a sum of money invested today will become over time, at a rate of interest.…

Q: the difference between the future values of a deposit accumulated for 15years at a rate of 9.5%…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: Determine the value at the end of five years of a $7,000 investment (today) in a bank certificate of…

A: Future Value = Present Value * (1+rate)^n Where, Rate = 9%/2 = 0.045 n = no. of compounding period =…

Q: A bank CD that pays 7.11 percent compounded semiannually. Calculate the effective annual interest…

A: In this question we need to compute the effective annual rate (EAR)

Q: What is the nominal annual rate of interest compounded semi-annually if deposits of $254 made each…

A: Information Provided: Monthly deposit = $254 Future value = $13,000 Period of deposit = 4 years

Q: Heathcliff owes $10,000.00 bearing interest at 6% c.m. for 5 years. Six months before the due date,…

A: The calculation of balance at the end of 4.5  years has been made as follows:

Q: A deposit of $6,000 earns interest at 7% p.a. compounded quarterly for four years and five months.…

A: Future Value represents the projected worth of an investment or sum of money at a specified future…

Q: A regular deposit of $120 is made at the beginning of each year for 20 years. Simple interest is…

A: Simple interest is the interest paid or computed only on the principal amount of money. It odes not…

Q: determines the amount to be deposited daily to pay the principal of $55408.83 at an annual compound…

A: Compound Interest The amount of interest calculated on top of the interest already received is…

Q: Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will…

A: Let us note the given.Principal P = 50,000Interest I = 5000Amount A = P+I = 50,000 + 5000 =…

Q: A 9-year promissory note for $5256 dated today bearing interest at 3% compounded quarterly is…

A: Given, Promissory note of 9 years = $5256 Interest = 3% (compounded quarterly 4 years)  Date of…

Q: Find the interest rate for a $9000 deposit accumulating to $11,517.62, compounded quarterly for 9…

A: Interest rate (r) = n[(A/P)1/nt - 1] Where, Number of compounding in a year (n) = 4 Years (t) = 9…

Q: What is the future value on December 31, Year 5, of a deposit of $10,000 made on January 1, Year 2,…

A: The future value (FV) is a financial concept that represents the value of a sum of money at a…

Q: It is necessary to invest a Term Certificate of Deposit with the amount of $ 500,000 for a term of…

A: Certificate of Deposit - It is Issued by banks for a specific term in return a rate of interest. It…

Q: 7500 was borrowed for a four-year term at 9% compounded quarterly. The te discounting the loan's…

A: Notes are issued based on the stated interest rate and they can be discounted back at lower interest…

Q: An item is sold for an initial installment of $600 and 18 payments of $500 at the end of each month,…

A: Amortization schedule:  An amortization schedule is a detailed table of periodic loan payments that…

Q: Original payment of $3057 due today is settled by two equal payments due in 2 and 8 months. Assuming…

A: We will use the concept of time value of money here. As per the concept of time value of money the…

Q: The interest rate on a $100,000 loan is 7.2% compounded semiannually. The monthly payments on the…

A: To Find: Interest component of payment 221 Principle component of payment 156 Final Payment

Q: Assuming a 360-day year, when a $12,919, 90-day, 6% interest-bearing note payable matures, total…

A: Note Payable: A Note payable is a written promissory note which represents a specific amount of cash…

Q: Calculate the effective annual rate for a certificate of deposit that pays 4.1% APR compounded…

A: Effective annual rate is the real rate of return which includes the effect of compounding in its…

Q: Assuming a 360-day year, when a $16,098, 90-day, 8% interest-bearing note payable matures, total…

A: Notes payable is a negotiable instrument signed by the promisor who agreed to pay a certain amount…

Q: tem can be purchased of ₱ 14 500, or for ₱ 3 800 down payment and installment payment of ₱ 1 030 for…

A: Monthly installments carry the payment of interest and principal amount.

Q: If the interest rate is 13% compunded semi-annually made on the account, and the obligations are…

A: Given Information: Interest rate - 13% compounded semi-annually Deposit - P13,521 Withdrawal -…

Q: Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total…

A: Given, Face value of note = $11,200 Interest rate = 5%   Total payment = Face value + Interest…

Q: Do in excel What uniform annual amount should be deposited each year in order to accumulate…

A: solution future value $2,143.60 Number of period 8 present value  0 annual interest rate…

Q: What is the annual payment on a 8-year, 8 percent, $52,000 note payable?

A: Definition:   Notes payable:  Notes Payable is a written promise to pay a certain amount on a future…