A withdrawal is made at the end of each quarter-year for 5 years from a savings account paying 1.5% interest compounded quarterly. The account initially contained $35,826.25. Calculate the rent of the decreasing annuity. Complete parts a) and b) below. a) Identify the formula needed, and substitute the appropriate values. (Simplify your answers. Use integers or decimals for any numbers in the expression.) OA, R= B. R= (1+ 1-(1+ b) Evaluate the formula to calculate the rent of the decreasing annuity. The rent of the decreasing annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Q: How much of this total is interest?

A: Interest rate per period, r = (5%)/4 = 0.05/4 = 0.0125 Total no. of periods, n = 4*20 = 80   Use the…

Q: A man took loan from a bank at the rate of 8% per annum simple interest. After 4 years he had to pay…

A: Formula : Simple Interest = PRT/100

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

A:

Q: At graduation, you have a student loan of $20,000. The loan has a fixed annual interest rate of…

A: Now the monthly payments when the loan amount is P taken for n months at a rate of r% is…

Q: Calculate the amount of interest you'll have at the end of the indicated period. You invest $7000 in…

A:

Q: you deposit $5000 in an account earning 3% interest compounded monthly. how much will you have in…

A: We have given,

Q: Gilberto opened a savings account for his daughter and deposited $700 on the day she was born. Each…

A:

Q: Tim is saving to buy a $20 000 car in 3 years. He deposits $550 every month into an account earning…

A: We have 3 years to buy a car.

Q: A man took a loan from a bank at the rate of 12 % p.a. simple interest. After three years he had to…

A: Given, Interest rate (R) = 12% P.A time (T) = 3 Simple Interest (SI) = 5400 To find: Prinical amount…

Q: Calculate the total worth of an investment in dollars after six months with a principal of 10,000…

A: simple interest formula: total worth = simple interest + principal =I+P simple interest I=PTR/100…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

Q: An amount of $1500 is deposited semi-annually for two years into a fun 10.5% per year, compounded…

A: Its is given that $1500 is deposited semi annually for two years into a fund that pays 10.5% per…

Q: A bank makes a car loan of $27,700, at 5.3% interest and with a loan period of 3 years. What is the…

A:

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

A:

Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: Calculate the amount of money you'll have at the end of the indicated time period, assuming that you…

A:

Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A:

Q: (a) Find the interest that will be owed after 4 months. (b) Assuming Susan doesn't make any…

A: Given : Annual Interest rate = 5.35% Monthly Interest rate = 5.35%/12 = 0.445% Time period = 4…

Q: A farmer purchased 285 acres of land for $4,300/acre. He paid 25% down and obtained a loan for the…

A: Formula for the loan amortization is where A is periodic payment, P is loan to be amortized, i is…