aumon bonowed $7819 00 compounded quarterly to help finance her education. She contracted to repay the k vt etmest s 0% compounded quarterly, how long will Maureen have to make quarterly payments? State your a Maureen will have to make payments for year(s) and month(s)

Q: Maude pays $5,000 a year into an annuity contract for 25 years. Maude is paying A) periodic flexible…

A: The payments are of many types depending on the mode of payment and whether they are paid at the…

Q: Delilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her…

A: A mortgage is a type of loan that is taken for the purchase of a home or any other real estate…

Q: On April 1, year 1, Mary borrowed $140,000 to refinance the original mortgage on her principal…

A: A home mortgage loan is nothing but the loan secured against a residential propertyIt can be…

Q: Mackenzie received a 5.75% nonsubsidized 15 year student loan for $22,000. Assume she graduates in 4…

A: A non-subsidized loan is a type of loan that accrues interest from the time the loan is disbursed…

Q: Leon's 6-month premium for auto insurance is $754.34, if he pays it all at once. If he decides that…

A: In order to make the decision regarding the payment of insurance premium to be paid minimum, we are…

Q: Candace borrows $4000 from Nick due in 10 years with simple interest at 8% monthly. Two years after…

A: The proceeds would be the difference between Present value at new terms and old terms. and we  will…

Q: Heather owes Mark $10.000 payable on September 2021. If money can earn 12 %, what amount should Mark…

A: Accrued Interest- Accrued interest refers to the interest that has not been paid however has already…

Q: Jeri purchased an annuity contract for $18,600 ($50/month for 15.5 years). The contract began paying…

A: Annuities are the uniform annual payments that are being paid over the period of time of annuity but…

Q: Jane Joy, owner of the Clock Shop, loaned $12,000 to Carol Miller to help her open an Art Shop.…

A: Future value The amount that an investment today will grow at a given interest rate is called its…

Q: Elizabeth pays $294.50 for a car lease at the beginning of every month for 1 years and 8 months at…

A: The first part of the question is asking us to identify the type of annuity Elizabeth has for her…

Q: What is Mary's year 1 deduction

A: Deduction refers to the process of subtracting certain expenses or allowances from one's taxable…

Q: Jen Logan bought a home in Iowa for $110,000. She put down 20% and obtained a mortgage for 30 years…

A: Here, Particulars Values Price of a house   $ 110,000.00 Down payment (20%*$110,000)  $…

Q: Sue purchased a $33 comma 00033, 000 life insurance policy at the price of $2424 per $1000 of…

A: Insurance is the coverage on the risk of something. An insurance policy has to be taken at a fixed…

Q: payments. If after she has made 15th payment, how much is still unpaid of the oriainal principal?

A: Equally annual installments is the amount of installment which is equal means till the end of the…

Q: Kia deposited $1,300, at the BEGINNING of each year for 26 years in a credit union account. If the…

A: Annuity = a = $1300 Time = t = 26 years Interest rate = r = 8%

Q: Noel purchases a house and gets a 30-year mortgage for $195,000 at 5.5 % APR. In addition to the…

A: The escrow account is normally required by the mortgage lender and it is requested by the borrower.…

Q: Sarah had been contributing $300 pre-tax per month to a retirement account that pays 2.16% interest…

A: The penalty amount will be applicable on the future value amount after 10 years

Q: Nine months ago, Muriel agreed to pay Aisha $1,400 and $800 on dates 6 and 12 months, respectively,…

A: First payment=$1400 (6months)Second payment=$800 (12 months)Agreement=Nine month agoPayment required…

Q: The annual insurance premium on Maria's home is $1,958 and the annual property tax is $1,432. If her…

A: Annual insurance premium =$1958Annual property tax =$1432Total insurance and property…

Q: Juanita paid a life insurer $60,100 in exchange for an immediate life annuity. Juanita will receive…

A: NPER:  yearsMonthly payments: Paid amount: Payment frequency: MonthlyTaxable income

Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.