A mother borrowed 137,254 with 0.09 interest monthly and promised to pay the amount by 17 equal monthly installments which all start at the beginning of each period. determine the monthly payment.
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A mother borrowed 137,254 with 0.09 interest monthly and promised to pay the amount by 17 equal monthly installments which all start at the beginning of each period. determine the monthly payment.
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- A mother borrowed 169,908 with 0.07 compounded monthly and promised to pay the amount by 19 equal monthly installments which will start at the beginning of each period. Determine the monthly payment.A mother borrowed 244,635 with 0.14 compounded semi - annually and promised to pay the amount by 8 equal semi - annual installments which will start at the beginning of each period. Determine the semi - annual payment.I need answer ASAp A mother borrowed 293,957 with 0.16 compound semi-annually and promised to pay the amount by 24 equal semi-annual installments which will start at the beginning of each period. Determine the semi-annual payment.
- On August 19, Siobhan O’Sullivan started an ordinary annuity. She arranged to have $150 deducted from her end-of-month paychecks. The money would earn 6 7/8 % interest compounded monthly. a) Find the future value of the account on December 1.b) Find Siobhan’s total contribution to the account.c) Find the total interest earned.A woman deposits $260 of her quarterly check into an annuity for the education of her child. She does this at the end of each quarter for 4 years into an account paying 6% per year, compounded quarterly. Find the amount of the annuity and the interest earned.Jessica borrows $1,000.00 from a credit card company at 25% annually for two years. Determine Jessica’s monthly payment. Show your work.
- Elaine borrows $1,000.00 from a credit card company at 19% annually for two years. Determine Elaine’s monthly payment. $50.41 $52.49 $100 $49.93Ruth bought an insurance for 66,000 at 6% to receive an annuity for 16 years. Find the specified amount for each condition. (A) Monthly payments with interest rate compounded semiannually; (B) Payments at the beginning of each 6 months with interest rate compounded quarterlyTiffany received a loan of $8,600 at 4.75% compounded monthly. She settled the loan by making periodic payments at the end of every three months for 5 years, with the first payment made 3 years and 3 months from now. What was the size of the periodic payments?
- At the time of her grandsons birth a grandmother deposits 13,000 in an account that pays 6.5% compounded monthly. What will be the value of the accounts at the childs twenty first birthday assuming that no other deposits or withdrawals are made during this periodJessica borrows $1,000.00 from a credit card company at 18% annually for two years. Determine Jessica’s monthly payment. $51.32 $52.49 $100 $49.93Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. $95,037.72$103,940.74 $112,256.00$113,556.00