Calculate the accumulated amount (rounded to the nearest thousand rand) of semi-annual payments of R5 500 for ten years into a account earning 8,9% interest per year compounded monthly. O a. R110 000 O b. R72 000 O c. R83 000 d. R173 000

Q: Construct the amortization schedule for a $16,000.00 debt that is to be amortized in 12 equal…

A: Amount of Debt is $16,000 Interest rate per half year is 6%  Total number of semi annual payments…

Q: Determine the present value of $5,000 that is received at the end of 4 years given that the annual…

A: Present value is the current value of any specified amount which will be received in future at…

Q: A $100,000 mortgage loan at 6.3% compounded semi-annually has a 25-year amortization period.…

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Q: investment, what nominal rate of interest, compounded semi-annually must you earn?

A: Information Provided: Principal = $26,000 Years = 13 Semiannual payments to be received = $1700

Q: If you invest $40,000 at 4% interest compounded annualy, approximately how much money will be in the…

A: PV=$40,000r=0.04n=6FV=?

Q: 14) A loan of $8000 is to be repaid with monthly payments for three years at 12% interest compounded…

A:

Q: 01 %, compound monthly for three years. d 300000 Mexican Peso, compound interest of 4%, compounded…

A: Interest earned on the investment depends on the interest rate and period of interest and…

Q: semi-annually. How much is the interest earned after 8th deposit? a. Php344.81 b. Php1844.81 c.…

A: Semi annual deposit=Php 1500Semi annual interest=6/2=3%Find out interest of 8th deposit.

Q: Find the interest eaned on $10,000 invested for 4 years at 6% interest compounded as follows. a.…

A: Compound Interest: It refers to the interest earned on an investment or paid on loan and is…

Q: Suppose you borrowed $50,000 at a rate of 8.1% and must repay it in 5 equal installments at the end…

A: Given ,Loan amount , Annual rate , r = 8.1% = 0.081Annual rate , r = 8.1% = 0.081number of…

Q: If for the next 30 years you place $2,000 in equal year-end-deposits into an account earning 5% per…

A: Future Value of Ordinary Annuity refers to the concept which gives out the compounded or future…

Q: o & Grace deposit $750 at the end of every three months for 7 years into an account earning 6.1%…

A: More is the compounding of interest than more is the effective rate of interest and more is the…

Q: An initial amount of $10,000 is deposited into a high-yield savings account with an 8.6% APR.…

A: Annual deposit refers to an amount that is deposited every year for the purpose of earning interest…

Q: 16. You deposited $5000 into an account at an annual interest of 8% compounded semiannually. What is…

A: using excel fV function