A foundation took out a loan of € 150000 with an interest of 3.1% per year. The board foundation pays back the loan in 20 years by paying the same installment at the end of Calculate the yearly installment, rounded to 2 decimal places. The yearly installments are €

Q: Deposit of ₱1,000 is made at the end of the first year and increases by ₱ 500 for the next following…

A: First deposit = P 1000 Annual increase = P 500 Period = 4 Years Annual interest rate = 10%

Q: A yearly payment of P 100, 000.00 every end of each year starting at the end of 5 years for 10…

A: Cash flows refer to the amount of cash that goes and comes into the business from three types of…

Q: Find the amount of each payment to be made into a sinking fund which earns 7% compounded quarterly…

A: Answer Future Value $32,000 Period In Years 2.5 Rate 7% Compund  Quaterly Total Periods…

Q: If $417.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 4.08%…

A: Here, Yearly Deposit is $417.00 Time Period is 6 years Interest Rate is 4.08% Compounding Period is…

Q: A twenty-year loan of $15,000 is being repaid with payments of X every other year beginning at the…

A: Loans are paid by equal payments that carry the payment of interest and loan.

Q: Čreate a loan amortization table using the following information: Amount of the loan: $500,000…

A: Data given: Amount of loan = $500,000 N= 30 years Interest rate  in year 1= 3%    Working:: Interest…

Q: Kirk, Klein & Co. requires $108,000 fifteen years from now to retire a debt. A sinking fund (a) What…

A: Loan: It is the amount due to the lender by the borrower and the borrower pays periodic payments to…

Q: A man pays his debt in the following manner: P1000 after year 1, P900 after year 2 and P800 and year…

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

Q: Which of the following transactions would best use the present value of an annuity due of 1 table?

A: The present value of an annuity due is used to derive the current value of a series of cash payments…

Q: A sinking fund is established to discharge a debt of $70,000 in 15 years. If deposits are made at…

A: Compound = Semiannually = 2Future Value = fv = $70,000Time = t = 15 * 2 = 30Interest Rate = r = 4 /…

Q: A trust fund amounting to ₱6700000 earns 7.4% annual interest. If ₱150,000 is to be withdrawn at the…

A: Amount of trust fund is P6,700,000 Interest rate is 7.4% Time period is 5 years Amount of withdrawl…

Q: The sum of $159,760 is invested at 5.5% compounded monthly for four years. After the four years, the…

A: The present value of annuity refers to the current value of future annuity payments to be paid at a…

Q: Omega Inc. purchased a deffered annuity which pays $23,000 at the beginning of every three months…

A: An annuity is a stream of cash flows that occurs at equal time intervals. This series of cash flows…

Q: A loan of $2,000 is paid by the following series of payments, beginning one year after the loan is…

A: Amortization table shows the break up of instalments for the interest charged on the outstanding…

Q: P240,000 will be deposited in a fund at the beginning of each six months for 5 yrs. Using 11% as the…

A: Semi annual deposit = P = P240,000 Interest rate = 11% Semi annual interest rate (r) = 11%/2 = 5.50%…

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: In this we need to find out monthly payment required for sinking fund.

Q: Find the amount of each payment to be made into a sinking fund earning 7% compounded monthly to…

A: Solution:- When an equal amount is made each period at end of period, it is called ordinary annuity.…

Q: The payment size is $. (Round to the nearest cent.)

A: End of period payments N = 3.5 years i.e. 14 quarters Interest rate = 8%/4 = 2% per quarter Future…

Q: Eight equal deposits of $1,000 are made at the end of each year into a fund paying 8%. a. What is…

A:

Q: Find the amount of each payment to be made into a sinking fund earning 9% compounded monthly to…

A: Data given: A=Amount to be accumulated = $86,000 P= Payment to be made = ? i=interest rate…

Q: How much in each of the quarterly installments if rate of interest 10% compounded bi-monthly?

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

Q: Your company has decided to set up a fund for its employees with an initial payment of Rs 27,500…

A: a.Calculate the size of the fund as follows:

Q: Find the future value (in dollars) of the investment. (Round your answer to the nearest cent.)…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  where, P= annuity amount i.e. $8000 r =rate of…

Q: If $4,354 is invested at the end of each year for 7 years at 0.05 compounded annually. What is the…

A: Total dollar amount available upon the deposit of the 7th payment = P{[(1 + r)^n - 1] / r}

Q: How much can be paid in scholarship at the beginning of each month if $200000 is deposited in a…

A: The amount to be paid monthly can be calculated from the function of present value of annuity due

Q: Find the amount of each payment to be made into a sinking fund which earns 8​% compounded quarterly…

A: Future value is the estimated value of current assets that is discounted at an assumed rate of…

Q: A 10,000 loan is paid off over 10 years; interest is 6 percent effective. The borrower uses a…

A: Sinking funds are funds which are set aside for the repayment of a particular debt or loan.

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: To calculate the Required payment of sinking fund, PMT function in the excel can be used. PMT(rate,…

Q: Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly…

A: End of period payments N = 3.5 years i.e. 14 quarters Interest rate = 8%/4 = 2% per quarter Future…

Q: ) Khesrow Sadiqi is chief operations officer for Herat Manufacturing, and has been given an…

A: Profitability index is simply equal to present value of cash inflows divided by initial investment…

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: In an ordinary annuity, the amount deposited every period at the end of regular intervals grows at…

Q: Find the amount of each payment to be made into a sinking fund earning 8% compounded monthly to…

A: Future value = $51,000  Interest rate = 8% compounded monthly  Period = 8 years  Payments are made…

Q: Consider these two annuities. Annuity 1: $150 invested at the end of each 6 months for 20 years at…

A: As we are dealing investment accounts with periodic deposits, we will use annuity formula. Here we…

Q: Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly…

A: A sinking fund is a type of fund that sets aside a periodic sum in an account to repay a debt in the…

Q: A $3,000,000 apartment complex loan is to be paid off in 10 years by making 10 equal annual…

A: Solution:- When a loan is taken, the borrower has to repay the debt either in equal installments or…

Q: If $1000 is deposited at the end of each year for 5 years into an ordinary annuity earning 8.99%…

A: Interest amount using ordinary annuity can be calculated by subtracting principal by the end of the…

Q: Use the sinking fund formula shown to the right to determine the semiannual payments with 8%…

A: We need to use sinking fund formula to determine periodic payment . The formula is  PMT  =FVn1+rn…

Q: Lorena's Cart took out a loan from the bank today for $245,800.00. The loan requires Lorena's Cart…

A: When we take loans we pay off the loan using fixed periodic payments. The fixed periodic amounts…

Q: Jones Assoc. borrowed $40,000. The company plans to set up a sinking fund that will pay back the…

A: Given information: Amount borrowed : $40,000 time period : 8 years rate of interest : 12%…

Calculating the Return On A Loan