A $6400 payment due 3 1/2 years ago has not been paid. If money can earn 3.95% compounded annually, what amount paid 4 1/2 years from now would be the economic equivalent of the missed payment? (Round your answer to 2 declmal places.) Equivalent payment

Q: hat equal payments in 3 years and 5 years would replace payments of $42,500 and $92,500 in 7 years…

A: Here the present value of two payments to be made at the end of 7 years and 8 years should be equal…

Q: Assume that the trip will cost $26,600. What interest rate, compounded annually, must be earned to…

A: FV = PV * (1+r)nwhereFV = future value of amountPV = Present value of amountr = interest raten =…

Q: With a 0.14 compounded semi annually, approximately how much money must be invested today in order…

A: Given information : Interest rate 14% Amount to be withdrawn $7,802 Time period (years) 7…

Q: What is the present value of $3,125 per year, at a discount rate of 10 percent, if the first payment…

A: Since the first payment is received nine years from today and the last payment is received 21 years…

Q: What single payment today would replace a payment of $550 in 2 years and a payment of $5,500 in 6…

A: We will calculate present value of both the payments due in future years to know single payment that…

Q: What equal payments in 3 years and 5 years would replace payments of $47,500 and $72,500 in 6 years…

A: The concept of time value of money will be used here. As per this concept money has the power to…

Q: The buyer of a lot paid P110,000 down payment and agreed to pay P35 000 at the end of each six…

A: The cash price can be found by adding up the downpayment and present value of the annuity. The…

Q: How much should you pay now for (600)-4 dollars guaranteed per year for (9) years starting from next…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: Computation:

Q: Compute the future value of $536 invested every year if the appropriate rate is 11.2% and you invest…

A: Annual deposit (A) = $536 r = 11.2% n = 4 years

Q: What equal payments in 2 years and 5 years would replace payments of $ 37,500 and $97, 500 in 7…

A: Periodic payment refers to an amount that is being paid at every period including the interest and…

Q: A payment of $11,335 is due in 3 year, $18,000 is due in 4 years, and $8,850 is due in 6 years. What…

A: The present value of a future amount is calculated using the following formula,

Q: Do not give excel answer , i need explained answer. A payment of $5000 that was due 20 days ago and…

A: in this we have to calculate present value of all payment and equate to get value of X.

Q: ASE TYPE IT AND NOT HANDWRITTEN A loan of P800,000 will be paid by a cash payment of P400,000 now,…

A: The present value of future value is the amount without including interest.

Q: Sebastopol Movie Theater will need $180,000 in 3 years to replace the seats. What deposit should be…

A: Future Value  $          1,80,000.00 Time Period 3 Interest Rate 0.80%

Q: What was the rate of interest if compounded monthly?

A: Rate of interest on a deposit is the agreed interest rate on which the loan or deposit is being…

Q: If a low cost house and lot worth 87,000 were offered at 10% down payment and 500 per month for 25…

A: Cost of house = 87,000 Down payment = 10% Payment per month = 500 Time Period = 25 Years

Q: What is the present value of a $20,000 lump sum that you will receive three years from now and that…

A: Future value (F) = $20,000Semiannual interest rate (r) = 0.025 (i.e. 0.05 / 2)Semiannual period (n)…

Q: Suppose you have Php 1000 deposited at 4.45% compounded semiannually. About long will it take your…

A: The number of period:  The number of periods is the length of time between the present and the…

Q: What equivalent annual equal payment series is necessary to repay a uniform gradient series of 9…

A: Year 1 amount = $6,000 Year 2 amount = $6,000 - $200 = $5,800 Year 3 amount = $5,800 - $200 = $5,600…

Q: Scheduled payments of $1077 due two years ago and $1263 due in four years are to be replaced by two…

A: The payments sometimes need to be replaced by other equal payments and that can be done based on the…

Q: Find the final amount in the following retirement account, in which the rate of return on the…

A: Present value is an estimate of the present value of future cash values ​​that may be received at a…

Q: Scheduled payments of $1402 due two years ago and $625 due in six years are to be replaced by two…

A: Payment 1 (P1) = $1402 due in 2 years Payment 2 (P2) = $625 due in 6 years Replacement payment 1…

Q: An investment company pays 4% compounded semiannually. You want to have $10,000 in the future. (A)…

A: The Present Value refers to a concept that states the discounted value or say value at today's time…

Q: nt sum needed to prow year is closest to:

A: The answer has been mentioned below.

Q: w much money will need to invest today e of 6 % and will be withdrawn in 3 year: 5425? 40775 45234…

A: Investment today required to achieve the future value would be the present value of future…

Q: If money earns 5.22% compounded quarterly, what single payment in two years would be equivalent to a…

A: The time value of money is a concept that is applied while computing the present worth of the money…

Q: What is the value today of $4,300 per year, at a discount rate of 10 percent, if the first payment…

A: Present Value can be calculated using PV function in excelPV (rate, nper, pmt, [Fv], [type])Rate The…

Q: semi-annual payments of P 8,000 each, starting three years from now. What is the present value of…

A: Present Value of Annuity: It represents the present worth of the future stream of cash flows. It is…

Q: Engr. Velasco decided to subscribe in a globe promo which must be paid one thousand pesos per month…

A: The value of the money today will be the present value of the said payments.

Q: Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: Calculation of future values of ordinary annuities and annuities due: Answer: Future value of…

Q: A payment of $11,050 is due in 1 year, $19,500 is due in 5 years, and $8,550 is due in 6 years. What…

A: The concept of TVM refers to the interest-earning capacity of the money which makes money earned…

Q: If money earns 7.26% compounded quarterly, what single payment in three years would be equivalent to…

A: The future value of money refers to the monetary worth of an amount of money over time. It accounts…

Q: If money can earn 5.1% compounded monthly, how much more money is required to fund an ordinary…

A: The objective of the question is to find out the difference in the amount of money required to fund…

Q: Please answer the question (ii) for i=5%. Please answer using the formula that is attached. The…

A: i) 30407.43 ii) 59704.03 iii) 151906.40Explanation:i) FV of growing annuity =…

Q: Solitude Company borrowed $60,000 for 3 years with a stated annual rate of 5%. Assuming interest is…

A: In compounding of interest there is interest on interest including the interest on the principal…

Q: Two payments of $18,000 and $2,200 are due in 1 year and 2 years, respectively. Calculate the two…

A: Compounding refers to the power of increasing the interest on the total investment . It actually…

Q: What discount rate would make you indifferent between receiving $3,515.00 per year forever and…

A: The present value of perpetuity can be calculated by The present value of annuity can be calculated…

Q: If money earns 8.10% compounded quarterly, what single payment in three years would be equivalent to…

A: TVM refers to the concept that considers the effect of money's interest-earning capacity, which…

Q: F1. A $6300 payment due 2 1/2 years ago has not been paid. If money can earn 3.90% compounded…

A: Amount =  6300   Due years =  2 1/2 years Due years =  2.5 years       Interest rate =…

Q: The present sum needed to provide for an annual withdrawal of $2,000 for 20 years beginning 5 years…

A: Annuity is a series of payments or withdrawals made at periodic intervals. The way this withdrawal…

Q: A payment of $23,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A: The equivalent periodic cost is the periodic payment made towards the acquisition of an asset or…