he will pay on the loan on the maturity date.b) How much will he have to pay the bank at the end of the two years?"Check your answers against the Key to Corrections found at the end of this SAS./ Activity 3: Skill-building Activities (with answer key) (18 mins + 2 mins checking)Write your score on your paper."PART A. Compute the simple interest value and the maturity value.CasPrincipal(in Php)Interest RateTimeInterestMaturity Value (F)eper Year#3150,0008%2 years1,000,00012.7%18 months364,4005 2 %7 months4750,00010 %6 months800,0000.15%31/2 years11.9%2 years540,0008.4%10 months7.337,5005 months12 ½%81,250,000

Here simple interest formula have to be used SI=PRT100 where P= principle amount R=…

Answered: A. Compute the simple interest value…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $2,400 per month for 20 years, if the account earns 7% per year
Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. Principal Rate (%) Time Interest Maturity Value $99,000 8 1 4 5 1 2 years $ $
You have just been hired as a loan officer at a national bank. Your first assignment is to calculate the amount of the periodic payment (in $) required to amortize (pay off) the following loan being considered by the bank (use Table 12-2). (Round your answer to the nearest cent.) LoanPayment PaymentPeriod Term ofLoan (years) NominalRate (%) Present Value(Amount of Loan) $ every month 1 1 4 6 $30,000
What sinking fund payment would you need to make at the END of each three months, at 6% interest compounded quarterly, to amount to $6,750 in 3 years? (Use Table 12-1 from your text.) $514.79 $517.59 $616.04 $618.84
please show how to do this with a financial calculator A $27,000, 7% bond redeemable at par with interest payable annually is bought 9 years before maturity. Determine the premium or discount and the purchase price of the bond if the bond is purchased to yield (a) 9% compounded annually; (b) 5% compounded annually.
Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity $80 every month 2 1 2 6 monthly $
Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $400 per month for 10 years, if the account earns 5% per year
Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $200 per month for 15 years, if the account earns 2% per year
Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $2,200 per month for 20 years, if the account earns 7% per year
Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $3,000 every year 20 4 annually $
Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $300 every month 1 1 4 6 monthly
You have just been hired as a loan officer at a national bank. Your first assignment is to calculate the amount of the periodic payment (in $) required to amortize (pay off) the following loan being considered by the bank (use Table 12-2). (Round your answer to the nearest cent.) LoanPayment PaymentPeriod Term ofLoan (years) NominalRate (%) Present Value(Amount of Loan) every month 1 1/4 6 20,000

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A. Compute the simple interest value and the maturity value. Cas Principal (in Php) Interest Rate Time Interest Maturity Value (F) per Year #3 1 50,000 8% 2 years 1,000,000 12.7% 18 months 3 64,400 52 % 7 months