A MAN PURCHASES A HOUSE AND LOT, AND AGREES TO PAY $850,000 CASH AND $25,000 AT THE END OF EACH MONTH FOR 20 YEARS. WHAT IS THE CASH VALUE OF THE HOUSE AND LOT IF MONEY IS WORTH 9% COMPOUNDED MONTHLY? ANS SHOULD BE: $3,628,623.85

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

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

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A:

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Q: hat is the future worth of P 6000.00 deposited at the end of every month for four years if the…

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Q: Alp Bilgin deposits $33.000 in a saving account that pays 9% interest compounded monthly. Four years…

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Q: To cover the cost of future expansion a company will save $5,000 a quarter for 8 years. What is the…

A: a. The future worth if interest is compounded monthly…

Q: If you deposit $10658.1 into an account paying 5% annual interest compounded semi-annually, how much…

A: Deposit Amount =10658.1 Interest rate = 5%   (Compounded Semi- Annually ) Effective Annual  Interest…

Q: Calculate the the compound amount for an annual payment of $8000 for 14 years when the interest rate…

A: Yearly compound interest formula A=P1+r100n where A=amount P=Principle r= rate of interest in…

Q: a) An individual deposits $8,000 semiannually every six months into a savings account. How much does…

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A: With the help formula solve this

Q: 4. What is the eauivalent rate of 12% compounded semi-annually to compounded quarterly?

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A:

Q: For the next 15 years, you will deposit $1,500 every month in a savings account. The account pays 6%…

A: An ordinary annuity is a series of equal payments made at the end of each period, such as the end of…

Q: 19. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…

A:

Q: How much will $4,200 be worth in 10 years with 7% interest compounded continuously? **** The future…

A: Interest is compounded annually when the interest accrued on the initial principal and the…

Q: What is the accumulated amount of P 5 000 after 10 years that is at 8% compounded bi monthly?

A:

Q: Find the present value of deferred annuity of P 900 every 3 months for 5 years that is deferred 3…

A: Given Information A = 900i = 10% compounded Quarterly = 10/4 = 2.5% or 0.025n = 5*4 = 20 Deferred…

Q: Lisa has a bank loan for $50,000 to pay for her apartment loan. This loan is to be repaid in equal…

A: Monthly compound interest-it means that the interest is added back to the principle each month.…

Q: If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest…

A: The formula used in the compound interest is  =P[1+(r/m)]mt-P A = the future value of the…

Q: What is the present value of a series of 6 payments of $5,000 each at 7.25%compounded annually?

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Q: You borrow $ 27965 at 12.25 % interest compounded monthly. If you are unable to make any payments…

A: We use the compound interest formula to calculate the amount due at the end of 5 years. The formula…

Q: A man expects to receive P20,000.00 in 8 years. How much is that money worth now considering…

A: The future worth formula is FV=PV(1+i)n , here the PV rises for every period into the future by a…

Q: COMPUTE THE EQUIVALENT RATE OF 6% INTEREST COMPOUNDED SEMI- ANNUALLY TO A RATE COMPOUNDED QUARTERLY?

A: Here we will use the future value formula in the case of compound interest rate:  F = P(1 +R/m)tm P…

Q: A debt is amortized for 4 years by a series of payments that decreases annually by P 500, the first…

A: Initial Payment = 5,000 Interest rate= 5% Decreases by 500 every year n = 4 years

Q: Mr. Zzz deposited $25,000 in a bank which offers a compound annual interest of 7%. How long will it…

A: Given,  Principal = $25,000  Rate of interest = 7%  Amount = $35,800

Q: On Juan's twenty-sixth birthday, he invested $7,500 in a retirement account. Each year thereafter,…

A:

Q: Waa deposits $ 1250 per month in to an account that pays 6.2% interest annually. Calculate the money…

A: Future value (FV) determines the value of a present investment at a future date based on an assumed…

Q: A payment of $26,000 is due today. What three equal payments, one in 3 years, one in 4 years, and…

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

Q: If $11,500 per quarter is invested in an account that earns a nominal annual interest rate of 9%…

A: Compounding refers to the process of generating interest on an investment over a usual period of…

Q: 7. What is the future worth of $2,000 at the end of each month for 10 years at 10% compounded…

A: Given:Prinicipal amount Time Rate Problem:Find the future worth given the amount is compounded…

Q: What single amount at the end of the sixth yearis equivalent to a uniform annual series of $7,500per…

A: Annual uniform amount = 7500 Time = 10 years = 12 years Interest Rate = 10%