Calculate the amount of money deposited into an account as a perpetuity if it is used for $2300 wilthdrawals to be made al the end of every quarter when moneyarms 4% p.a. compounding semi-annuallyCelect one:O a 117300O b. 115000O c 230000O d. 232300

The effective annual rate of interest is the actual or the real rate of interest paid or received…

Answered: aloulate the amount of money deposited…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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fond the periodic deposit and intrest earned. C Future compounding time periodic interest in Value r frequency deposit (m) earned years $ $ $25,000 7.9% annually 11 $ $250,000 3% semiannually 13 $ $ $ $125,000 2.2% quarterly 15 $ $ $150,000 6.2% monthly 7 $ $ $125,000 4% weekly 15
You borrowed S3000 at 9% per annum calculated on the unpaid monthly balance and agreed to repay the principal together with interest in monthly payments of $500 each. Construct a complete repayment schedule. Complete the repayment schedule below. (Round to two decimal places as needed.) Principal repaid Payment Balance Amount Interest Balance number before paid paid after payment payment $3000 1 2 3 4 DODO OOOO
A series of equal semi-annual payments of $1,000 for 3 years is equivalent to what present amount at an interest rate of 12% compounded annually A.$2,402 B.$4,944 C.$4,804 D.$4,111
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perpetuity payment $2700 made at end payment period 6months interest rate 9.3% conversion period quarterly find the present value round the final answer to the nearest cents
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Mallings Review View Help e Search AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD 三加三三、、田、 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Paragraph Styles 1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $ 梦 0 93
Far East Imports Inc. owes $64 000.00 to be repaid by monthly payments of $2475.00. Interest is 6.12% compounded monthly. What is the outstanding principal amount at the end of year 2? Group of answer choices 50300.5449080.1059691.8455312.87
Subject: accounting
ts e-Services - Academic Departments ÉTC - CIMS A. Mahm Mustafa purchases an annuity due paying 6% quarterly. If his payment is $6142, how much will its value be in 7 years? O $214962.02 O $108092.53 O $802713.01 O $54648.25 O $642418.17 Khalil purchased five $990 bonds at a closing rate of 109.62%. If the brokerage is $5 per bond, the purchase price will be: O $6531.43 O $5446.19 O $5451.19 O $2738.10 O $4094.64
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aloulate the amount of money deposited into an account as a perpetuity if it is used for $2300 withdrawals to be made al the end of every quarter when maney arms 4% p.a. compounding semi-annualy elect one a 117300 Ob. 115000 Oc 230000 Od. 232300