A $750 payment is due 8 months from today. What is the equivalent value of the $750 payment if it is paid 20 months from today instead? Money earns 2.9% compounded semi-annually?

Q: If you want to have $5600 at the end of 9 years, how much money you need to deposit today into an…

A: If you want to have $5600 at the end of 9 years, the money you need to deposit today into an account…

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: 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: what rate compounded continuous would you earn?

A: Future Value: It represents the future worth of the current sum of amount and is estimated by…

Q: years. What single equivalent payment made today would replace the three original payments? Assume…

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: Two payments of $16,000 and $2,500 are due in 1 year and 2 years, respectively. Calculate the two…

A: Answer  Interest Yearly 10.5% Compound Quarterly Quarterly Interest Rate 10.5%/4   2.63%…

Q: at period of time could you pay back a loan of $3000 by making monthly payments of $110 if interest…

A: Loans are paid by the equal amount of monthly payments these payments carry the payment of principal…

Q: What equal payments in 2 years and 4 years would replace payments of $32, 500 and $72, 500 in 7…

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

Q: A $16000 loan is to repaid by monthly payments of $340, the first payment is due in one year's time.…

A: Repayment of loan is made in fixed instalments for during the loan period which include part of…

Q: You are considering taking out a loan of $11,000.00 that will be paid back over 10 years with…

A: Unpaid loan balance will be the present value of outstanding payments that are not yet paid based on…

Q: A payment stream consists of a payment of $1600 today, a payment of $2400 in 3 months, and a payment…

A: According to the money's time value theory, cash is worth more now than it will be later. A future…

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: A house that sells for P900,000 can be purchased under terms requiring 100 monthly payments. Assume…

A: Given that;Present value is P900,000Number of periods is 100

Q: How many more payments would be required to be able to accumulate at least $54,000 by saving $1,650…

A: The objective of the question is to find out the difference in the number of payments required to…

Q: A payment of $17,000 is due in 1 year and $11,000 is due in 2 years. What two equal payments, one in…

A: Given : Annual interest rate is 3.25% So quarterly interest rate = 3.25/4 = 0.8125% We assume two…

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: How much will Kingston Technologies have to pay each year in 9.00 equal payments, starting 2 years…

A: In the Given case:Since the payments start 2 years from now, we need to calculate the value of loan…

Q: Payments of $657 and $1000 due 2 years ago and today respectively are to be replaced by two $1000…

A: The concept of TVM is used to compare the value of money at different times based on the interest…

Q: An item presently costs P2,000. If inflation is at the rate of 8% per year, what will be the cost of…

A: Please see the next step for the solution

Q: Scheduled payments of $825, $352, and $ 1045 are due in one year, four and a half years, and five…

A: The term equivalent payment considers the original amount along with the interest to date. The…

Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…

A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%

Q: How many monthly payments of $270 will it to save up $4861 when interest is 3.67% compounded…

A: Monthly payment (P) = $270 Interest rate = 3.67% Monthly interest rate (r) = [{1+0.0367/2}2]1/12-1…

Q: How many months will it take you to pay off a loan of $11,000 at 3% APR compounded monthly if you…

A: Loan = 11000 APR = 3% Monthly Compounding Interest Rate = APR / Number of compounding periods =…

Q: Payments of $2,700, due 60 days ago, and $3.200, due in 50 days, are to be replaced by payments of…

A: Time value of money states that the money with us today has more value than the same amount of money…

Q: Scheduled payments of $1054, $789, and $508 are due in one-and-a-half years, four years, and six…

A: Here, Schedule payment (FV)  $1,054.00 Time period (NPER) 1.50 Schedule payment (FV)  $789.00…

Q: How long will it take to pay off a loan of ​$47,000 at an annual rate of 8 percent compounded…

A: Solved using Financial Calculator  PV =  47,000 PMT = 650 I/Y = 8/12 = 0.6666666667 CPT N = 99.0104…

Q: Scheduled payments of ​$338​, ​$859​, and ​$1011 are due in one year​, four years, and six years…

A: The concept of TVM states that due to the interest-earning capacity of money, the money earned today…

Q: what size payments should occur when 8000 is borrowed at 8% per year compounded quarterly and the…

A: Present value = pv = 8000 Time = t = 24 months Interest rate = r = (1 + (0.08 / 4))^(4/12) - 1 = (1…

Q: A scheduled payment of $5,500 due in one year is to be replaced with two payments: the first due in…

A: Time value of money shows that the money available today is worth than the money in the future.

Q: What amount three years from now is equivalent to $3000 due five months from now? Assume that money…

A: Compound interest is the additional interest on principal. It calculates interest on principal and…

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

A: Given That: P.V=$23000 Payment is done in 3 equal payment Rate of interest= 4.25% Duration= 6 years…

Q: If you borrow $46,000 at 9.5% annual compound interest and pay it back with 11 equal annual…

A: Present Value = pv = $46,000Interest Rate = r = 9.5%Number of Payment = n = 11

Q: Payments of $4,000, $5,200 and $6,500 are due in four months, sixteen months and eighteen months…

A:

Q: if the APR on your credit card is 15.80% compounded monthly, what will be the total amount owed on…

A: The rate of interest is 15.80% compounded monthly. The period is 2 years. The unpaid balance is…

Q: A S5000 payment is scheduled for six months from now. If money is worth 6.75%, calculate the…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Scheduled payments of $890 due today, $525 due in 15 months, and $555 due in 33 months are to be…

A: The concept of TVM states that money has an inherent interest-earning capacity, making money earned…

Q: How long before a scheduled payment of $3,354 will a payment of $3,018 be economically equivalent?…

A: Future Value = 3354 Present Value = 3018 Interest Rate = 4.25%/4 = 1.0625% per quarter N = Number of…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.