A highway company today hires maintenance services for one year from another company; both agree that the payments will be made as follows: two bi-monthly payments of $15,000 at the beginning; 5 monthly payments of $10,000.00 the first of each month and finally 6 advance biweekly payments of $7,500. Assume an effective interest rate of 33%. Determine: a) How much would be paid if it was only made in one payment at the end of the year?

Q: Callum borrowed $45,200 from a bank at an interest rate of 9% compounded monthly. This loan is to be…

A: Principal=$45,200i=9% (compunded monthly)Number of installment=16Period=8 yearsInstallment…

Q: An entrepreneur needs thousand of dollars to launch the global expansion of his software business. I…

A: Present value is a concept used to determine the value today of a future sum of money, based on the…

Q: For services​ rendered, an attorney accepts a 90​-day note for $4,400 at 9​% simple interest from a…

A: The annual interest rate signifies the expense of borrowing or the rewards on investment, pre­sented…

Q: How much money would have to be placed in a sinking fund each year to replace machine costing…

A: A sinking fund is a financial strategy involving regular deposits into an account to accumulate a…

Q: Spivey just won the Powerball lottery! The $25,000,000 jackpot will be paid in 10 annual…

A:

Q: Jane Doe plans to make twelve ​end-of-month payments of ​$17,000 each on a short term investment…

A: To calculate the present worth (P0) of these payments, we can use the formula for the present value…

Q: In 1739, Nader Shah sold the Kohinoor diamond to Queen Victoria for $34. Ifhe saved just $5 from the…

A:

Q: I put $500 in a bank a year ago at an interest rate that compounded annually. When I withdrew my…

A: Given: Amount received today = $540 Amount deposited a year ago = $500 Number of years = 1 Rate of…

Q: Calculate the effective annual rate of interest which is equivalent to an effective rate of interest…

A: Present value is the value of investment in today's dollar.Future value is the value of investment…

Q: A project's annual revenue will be $50,000 the first year and will decrease by $1500 per year over…

A: Given a specific return rate, the present value of an investment is its future cash flow value…

Q: ent had been made on a simple interest calculation? A) 232 105

A: Given : Amount to be reapid=150000 Time=10 years Annual Compound Interest=15%

Q: An annual deposit of P1,500.00 is placed on a fund at the end of each year for 6 years. If the fund…

A: Given,  Annual Deposit : P1,500Time : 6 years Rate of Interest : 5%We need to determine its worth…

Q: Consider the following. Demand Function      Quantity Demanded p =  128 x2 + 2      x = 6 Find the…

A: Answer: Given, Demand function: p=128x2+2Let us write the above equation in terms of…

Q: The company you work for assumes that a piece of equipment will need to be replaced in 10 years.…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: What is the future worth of a series of equal year-end deposits of $2,200 for 14 years in a savings…

A: * SOLUTION :-    Given that ,    Annual Deposit = $2,200 Life = 14 Years Interest Rate = 7%

Q: 3. Suppose that the parents of a young child decide to make annual deposits into a savings account,…

A: Annuity is defined as the series of annual payment that are paid or received at beginning or at the…

Q: Jason bought a car for $40,000 upon graduation from college with an engineering degree and a very…

A: The amount remitted each month to settle the loan within the allotted time is known as the monthly…

Q: Suppose an investment is project to generate income at the rate of  R(t) = 200, 000 dollars per year…

A: * SOLUTION :-

Q: ded interest, aiter years. LIne DaiIk imes the principal, what is the interest rate we originally…

A: A = P(1+r)t Where  A is amount recieved amount repay the loan P is principal amount r is interest…

Q: Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she…

A: * SOLUTION :-

Q: Russ borrows $25,000 to make a down payment on a new home. The interest rate is 6% per year 2)…

A:

Q: A four-year lease agreement requires payments of $10,000 at the beginning of every year. If the…

A: When compounding effects are considered, the real return on a savings account or other…

Q: Mac has deposited $6,000 in a money market account with a variable interest rate. The account…

A: Deposited amount = $6000 Time period = 9 months The interest rate is 8%, 9%, and 8%.

Q: A depositor puts $40,000 in a savings account that pays 10% interest, compounded semiannually. Equal…

A: Principal amount(P)=$40,000 Interest (i) compound semi-annually i=10/2=5% or 0.05

Q: A couple with a newborn daughter wants to establish a college fund to pay for future college…

A: Here is the timeline diagram illustrating the college fund planning for the daughter:

Q: How much should be set aside to pay $5000 per year for perpetual maintenance on a small park if…

A: Given data: Annual payment A=$5000 Rate r=4%=0.04

Q: Don Money inherited $29.21 from a not-so-rich uncle. If Don Money deposits his money into an account…

A: Compounded interest and continuously compounded interest. are two different methods of calculating…

Q: With a nominal interest rate of 10%, the present discounted value of R200 to be received in one year…

A: The interest rate can be used to calculate future value. The interest rate used for discounting…

Q: In saving for a future major purchace, Oksana has been making uniform deposits of $5,000 per year in…

A: According to the time value of money the value of money will have more worth at the present time…

Q: 14. On January 1, 1997, your brother bought a used car for $8,200, and he agreed to make a down…

A: Price for used car = $8200 Down payment made = $1500 Interest rate = 13.8% Balance is to be repaid…

Q: Mr. Green had a housing loan amounting to P2,664,676, and it was to be amortized by a group of 30…

A: Here we calculate the increases of payment every year by using  value of Arithmetic gradient by…

Q: Lourdes has just retired and plans to consume $12829 from the retirement account every year for the…

A: Present value of retirement value = $208,970.15Explanation:Step 1:Round off interest rate to six…

Q: For the cash flows shown in the diagram, find the future worth at end of year 10 at interest rate of…

A: Future worth (FW) is the value of a current asset at a future date relying on an assumed rate of…