A series of equal semi-annual payments of $1200 for 4 years is equivalent to what present amount at an interest rate of 12% compounded annually. Note: Do not round in between solution. Final answer round to the nearest whole number.

Q: A loan of £10,000 is repaid by annual payments of £1,300 each at the end of the year. How long does…

A: NPER or the number of periods is the calculation of the total periods of payment considering a…

Q: Scheduled payments of $730 due today, $945 due in 3 months, and $935 due in 6 months are to be…

A: The time value of money mentions that the value of money changes with time. The worth of the money…

Q: Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: The idea of the time value of money (TVM) holds that a quantity of currency is considerably more…

Q: Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: Computation:

Q: A demand loan for $8945.17 with interest at 9.8% compounded semi-annually is repaid after 6 years,…

A:

Q: A $750 payment is due 8 months from today. What is the equivalent value of the $750 payment if it is…

A: The time value of money (TVM) is the concept that the money you have now is worth more than the…

Q: Determine the present value of payments of $100 at the end of each month for 20 years. Use a…

A: Monthly payment (P) = $100 Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period = 20…

Q: A payment of $2,450 is due in 2 years and $3,300 is due in 4 years. These two original payments are…

A: A payment of $2450 is due in 2 years and $3300 is due in 4 years. These two original payments are to…

Q: A loan of $7000 is to be repaid by three equal payments one and a half year from now, three years…

A: Computation of Effective interest rate: EAR=1+15%44-1=1+0.03754-1=1.15865-1=15.865%

Q: Find the future values of the following ordinary annuities: a. FV of $300 paid each 6 months for 5…

A: Future value of annuity is stream of recurring at regular interval cashflow compounded at specified…

Q: iven a discount rate of 6.75 percent per year, what is the value at Date t= 10 of a perpetual stream…

A: Perpetuity refers to the present value of cash flows which is calculated by taking the cash flows as…

Q: Tony is converting an RRSP balance of $275,000.00 into a RRIF. Tony wants to receive $1,911.00 at…

A: Time value tells that money received today is of more value than that of receiving the same value…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: Future value (FV) = $150,000 Interest rate = 7.6% Semi annual rate (r) = 7.6%/2 = 3.80% Period = 18…

Q: Scheduled payments of $1077 due two years ago and $1263 due in four years are to be replaced by two…

A: The payments sometimes need to be replaced by other equal payments and that can be done based on the…

Q: Scheduled payments of $1439, $1453, and $1118 are due in one year, four years, and five years…

A: Schedule payment in 1 year = $1439Schedule payment in 4 years = $1453Schedule payment in 5 years =…

Q: Scheduled payments of $1402 due two years ago and $625 due in six years are to be replaced by two…

A: Payment 1 (P1) = $1402 due in 2 years Payment 2 (P2) = $625 due in 6 years Replacement payment 1…

Q: What interest rate compounded bi-monthly is needed for an amount of P20,679 to increase to P30,550…

A: Using Excel Function:     With Formulas:

Q: nt sum needed to prow year is closest to:

A: The answer has been mentioned below.

Q: Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: Calculation of future values of ordinary annuities and annuities due: Answer: Future value of…

Q: ind the future values of the following ordinary annuities.

A: Future Value of Ordinary Annuity: It refers to the future worth of the annuity cash flows made at…

Q: A payment of $2798.6 due 9 months ago and payment of $2925.6 due in 4 months are to be repaid by a…

A: In the context of the given question, we are required to compute the size of a single equivalent…

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: Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round…

A: Ordinary Annuity:   $300 per year for 16 years at 16%: $18,069.17   $150 per year for 8 years at 8%:…

Q: The present sum needed to provide for an annual withdrawal of $2,000 for 20 years beginning 5 years…

A: Annuity is a series of payments or withdrawals made at periodic intervals. The way this withdrawal…

Q: Find the future values of the following ordinary annulties: a. FV of $500 paid each 6 months for 5…

A: The time value of money is a concept in finance that use the effects of compounding to evaluate the…

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: The equivalent Tingle replacement payment is $ (Round the final answer to the nearest cent as…

A: First, we need to determine the PV of each payment using the formula below:Then we need to take the…

Q: The present sum needed to provide for an annual withdrawal of $5,000 for 15 years beginning 5 years…

A: Present value of would give the equivalent money required today considering the interest rate and…

Q: cheduled payments of $503, $1303, and $975 are due in one-and-a-half years, three-and-a-half years,…

A: To calculate the equivalent single replacement payment, we need to find the present value of each of…

Q: Complete the following using compound future value. Do not round intermediate calculations. Round…

A: Solution:- When an amount is deposited, it earns interest on it. The amount initially deposited is…

Q: What cash payment is equivalent to making payments of $1471.00 at the end of every year for 8 years…

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

Q: In a series of semiannual payments of P2,500 each the first payment is due at the end of 4 years and…

A: The regular or lump-sum amount that is received or paid after a specific time period rather than…

Q: Find the amount at the end of 2 years and 7 months if 425000 is invested at 8% compounded quarterly…

A: Simple interest method is one in which the interest earned during a period does not earn interest.…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. $2,300 per…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Find the periodic payment R required to accumulate a sum of S dollars over t years with interest…

A: An annuity is a cash flow that occurs at regular intervals. For instance a cash inflow of $100 each…

Q: Loan payments of $1,100 due 100 days ago and $1,950 due 82 days ago are to be replaced by a payment…

A: Value of money changes with time and this change depends on the interest rate and time of the loan…

Q: Find the future values of the following ordinary annuities:   FV of $700 paid each 6 months for 5…

A: Future value is the value of all future cash flows or the annuity fund continuously compounded at…

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: What is the size of the payments that must be deposited at the end of each 6-month period in an…

A: The PMT concept can be used to determine the periodic payments that are required to accumulate a…

Q: A person buys a piece of lot for P 112,923.25 down payment and 11 deferred semi-annual payments of P…

A: In this we have to calculate present value FACTOR and then find out present value of all payments.