An investor is to receive a 15-year $8,000 annuity, the first payment to be received today. At an 11% discount rate, this annuity's worth today is closest to: a. $55,855 b. $57,527 c. $63,855 d. $120,000

Q: At age 25, Jesus deposited $2000 each year into an annuity. His annuity paid 8.5% interest. He…

A: Given: Principal amount = $2000 Interest rate = 8.5 %  i.e., r = 0.085 Time period in years n =…

Q: Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to…

A: Given that Cyrus deposited $744.88 each quarter into an annuity account. The future value he wish to…

Q: Rachel purchased a car for $23,900; she paid 20% of the cost as a down payment and financed the…

A: The compound interest formula for an initial amount of P at a rate of r%, for t years compounded n…

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: Compute the amount of interest for $577.00 at 9.38​% p.a. from December 29, 2006 to January 18,…

A: In the question it is asked to calculate the amount of interest from the given data given. Principle…

Q: Pat bought a home for $165,000 and made a $25,000 down payment. She got a fixed rate mortgage at 5%…

A: Consider the given data  cost of home=$165,000down payments=$25,000rate of mortgage r=5%time t=30…

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Consider a home mortgage of ​$200,000 at a fixed APR of 4.5​% for 25 years.   a. Calculate the…

A: Given :Principle = 200000APR = 4.5%Time = 25 years

Q: A business must pay an annuity of $ 20,000 quarterly with j4 = 5%. Calculate the semester payment to…

A:

Q: Jessi has borrowed $500,000 to buy a new home and will repay the loan with monthly repayments over…

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Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: The appraised value of the home is $428,500.

Q: Calculate

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Q: Use the formula or a calculator application to find the monthly payment on a home mortgage of…

A: From the given data loan amount (P.V.) = ​$295,298rate of interest  = 4.908 % = Monthly interest…

Q: Ahmed purchased a Television for RO 800 with a down payment of 15%. The loan is taken from Bank…

A: The expression, x% of y is evaluated as follows. x% of y=x100·y=xy100   For example, 5% of 200 is…

Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

A:

Q: For a loan of $24,000 at a fixed APR of 8% for 15 years, find the monthly payment.

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Q: To create a college fund, a parent makes a sequence of 18 yearly deposits of $1100 each in a savings…

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Q: Ransford and Alda Mariano own a home recently appraised for $426,500. The balance on their existing…

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Q: Olivia bought a used car for $15,500. She will be making a payment monthly for 4 years. The…

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Q: A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family…

A: Given:A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a…