arie deposits 1,000 into an account that pays interest at an annual nominal rate of interest of ?, compounded quarterly. At the same time, Hannah deposits 2,000 into a different account which pays a simple annual interest of ?. Marie and Hannah earns the same amount of interest during the last 3 months of the 6th ye

arie deposits 1,000 into an account that pays interest at an annual nominal rate of interest of ?, compounded quarterly. At the same time, Hannah deposits 2,000 into a different account which pays a simple annual interest of ?. Marie and Hannah earns the same amount of interest during the last 3 months of the 6th ye

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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I need answer ASAp A mother borrowed 293,957 with 0.16 compound semi-annually and promised to pay the amount by 24 equal semi-annual installments which will start at the beginning of each period. Determine the semi-annual payment.
Mrs. Kimberly deposited P 300, 000 in an account earning 8% compounded every 6 months. On the 2th year, she deposited an amount of P 80, 000. On the 7 year, she deposited another P 75,000 in the same account and left it for le years at which time 41 percent of the total interest of her total savings is withdrawn. What will be his withdrawal amount on the 30th year from the day she started his savings.
Karen invested $10,000 in a money market account with an interest rate of 1.75% compounded semiannually. Five years later, Karen withdrew the full amount to put toward the down payment on a new house. How much did Karen withdraw from the account?
9. The annual insurance premium on Julie’s home is $2,074 and the annual property tax is $1,403. If her monthly principal and interest payment is $1,603, find the adjusted monthly payment including principal, interest taxes and insurance (PITI).
Sandy just received her annual bank statement. Exactly one year ago, she deposited $10,000 in a savings account. Today, her balance is $10,509.45. Sandy's savings account interest is compounded quarterly. Using simple interest as a guideline, Sandy received an annualized interest rate of_percent. a. 5, b. 5.5, c. 6, d. 6.5
Jasmine is making quarterly contributions of of $440 to her savings account which pays interest at the APR of 6.6%, compounded quarterly. Right after Jasmine makes her 38th contribution, the bank changes the APR to 4.4% and Jasmine makes 43 more $440 contributions. What is Jasmine's balance right after her last contribution?$
1. Lynn deposits $683.09 at the beginning of each quarter for three years in order to accumulate $9,500.60. Lynn would like to know what nominal rate of interest compounded quarterly she must earn to accumulate $9,500.60. Answer the following question: This question is an example of what? Show how you find the answer to the nominal rate p.a. compounded quarterly. 2. Lynn deposits $683.09 at the beginning of each quarter for three years in order to accumulate $9,500.60. Lynn would like to know what nominal rate of interest compounded quarterly she must earn to accumulate $9,500.60. Answer the following question: What variable does $683.09 represent? 3. Lynn deposits $683.09 at the beginning of each quarter for three years in order to accumulate $9,500.60. Lynn would like to know what nominal rate of interest compounded quarterly she must earn to accumulate $9,500.60. Answer the following question: The TVM variable of should be set equal to zero in the financial calculator.
Mariano deposited P5,000 today in an account that pays 8% compounded semi-annually. Two years later, he deposited P2,000. Four years after his second deposit, he deposited P4,000. Three years after his last deposit, he withdrew P5,000. How much is left in his account twelve years after his first deposit?
Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. $95,037.72$103,940.74 $112,256.00$113,556.00
Frank invests $ 2500 dollars into an account earning interest compounded quarterly. After 13 years there is $ 3050 in the account. What was the interest rate?
Sara deposits $13,900 into an account. For the first two years, money in the account earns 5.5% annual interest. After that. the interest rate jumps to 5.8% annual interest. How much would be in the account at the end of 4 years
Anne purchased an annuity from an insurance company that promised to pay her $17,000 per year for the next 10 years. Anne paid $130,050 for the annuity, and in exchange she will receive $170,000 over the term of the annuity. Required: a. How much of the first $17,000 payment should Anne include in gross income? Note: Do not round intermediate calculations. b. How much income will Anne recognize over the term of the annuity?

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