An annuity-immediate pays 20 per year for 10 years, then payments decrease by 1 each year for 19 years. At an annual effective interest rate of 6%, the present value is equal to X. Calculate X.

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

A:

Q: Calculate the interest earned after 5 years on an investment of $2000, assuming an interest rate of…

A: To calculate the interest earned after 5 years on an investment of $2000, assuming an interest rate…

Q: A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the nominal rate…

A: We use compound interest rates in statistics.

Q: in months in dollars 0 450 1 4

A: Here, in the question given an investment in dollars increases at a constant rate. The interest rate…

Q: Find the effective rate of interest.; For 6% compounded monthly

A:

Q: . Find the simple interest (I = Prt) of $10,000 invested for 6 years at an annual simple interest…

A: Definition: simple interest If an amount of money,  P , the principal, is invested for a period of…

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

A:

Q: $3000 is invested for 19 years with an APR of 3.88% and monthly compounding, The account balance…

A:

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 graphic artist receives $3,700 for a contracted job. The money is placed in a certificate of…

A:

Q: Jeff has 5 years to save enough money to pay certain debt in full. During that time, he deposits…

A: If the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount, P…

Q: The principal P is borrowed at a simple interest rate r for a period of time t. Find the​ loan's…

A:

Q: Calculate the time needed on an investment of 600,000 to gained an interest of 84000of the interest…

A: The formula used is given below I = PRT100 where I is the interest , P is the principle , R is the…

Q: FV = $24,000, interest is 8% compounded monthly, payments made at the end of each month for 3 years

A: Consider the expression to find the amount in the account is,. A=PMT1+rnnt-1rn Here, PMT is monthly…

Q: A payment of $195 was made at the beginning of each month for 4 years into a savings account. After…

A: The complete solutions are given below

Q: A saving account that has 12000$ deposited earns 2.1% annual interest compound weekly. How much…

A: A saving account that has  deposited earns  annual interest compound weekly.The objcetive is to find…