Complete the following table: (Use Table 15.1.) Note: Round your intermediate calculations and final answer to the nearest cent. Selling price Down payment Amount mortgage $ 150,000 $ 30,000 Rate 7% Years Monthly payment 30 First Payment Broken Down Into Interest Principal Balance at end of month

Q: Find the effective rate of 14% compounded quarterly of a year.

A: Interest refers to the amount that is charged on the lent or borrowed amount as charges for the…

Q: At what per annum rate must $344 be compounded monthly for it to grow to $771 in 9 years? (Round to…

A: Compound = n = Monthly = 12Present Value = pv = $344Future Value = fv = $771Time = t = 9 *12 = 108

Q: Accumulate 1,200 for 26 years and 3 months at 5 ½% compounded quarterly

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Which of the following would generate the greatest value at the end of 10 years? $100 invested at 8%…

A: Future value is that amount which will be require to paid at some specified period of time. It…

Q: You invested $23355 for 12 years at 6.68% per annum. How much more would you receive at the end of…

A: Investment amount = $ 23355 Period = 12 Years Interest rate = 6.68%

Q: Complete the following without using Table 12.1. Principal  $575, Time 1 year, Rate 4%, Compounded…

A: Calculation of period used: Answer: Number of periods compounded is 4. Given information: Principal…

Q: 9000 invested at an apr of 4.8% for 14 years =

A: Future value is the expected value of the current sum in a future date at a required rate of return.…

Q: current balance of home is 43,000 at 6.5 % how much is needed to pay off in 11 years ?

A: The current Balance is $40,000 The interest rate is 6.5%  The time period is 11 years To Find:…

Q: The past five monthly returns for Kohl's are -4.11 percent, 3.62 percent, -1.68 percent, 9.25…

A: Computation:

Q: The past five monthly returns for Kohls are 3.86 percent, 4.42 percent, -2.00 percent, 9.41 percent,…

A: Average return refers to the average rate of return earned on an investment over a certain period of…

Q: Effective rate? 8% p.a compounded quarterly

A: Effective annual interest rate(EAR) refers to the real rate of return that we earn on our savings or…

Q: Effective rate? 12% p.a compounded quarterly

A: The effective annual rate of interest is the actual or the real rate of interest paid or received…

Q: $5,100 is invested at 6% compounded annually. what is the amount of the account at the end of 3…

A: Under Compound Interest Method, Interest is accumulated with the principle.

Q: Money is invested at 5.70% p.a. compounded semi-annually for 37 months. What is the numerical value…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount deposited is…

Q: his question concerns an APY of 12%. a) what APR, compounded quarterly, yields this APY? b) what APR…

A: APY is the effective yield after considering the impact of compounding and APR is without…

Q: What is the present value of $84,253 to be received or paid in 5 years discounted at 11% by factor…

A: The Present Value Factor (PVF) for nth year discounted at rate r (r%) can be expressed as:

Q: At what per annum rate must $232 be compounded monthly for it to grow to $617 in 10 years?

A: The time value of money is a concept that recognizes the principle that the value of money changes…

Q: At what rate converted annually will make PhP 3,287 accumulate to PhP 3,969 in 4 years?

A: Here, Present Value is Php 3,287 Future Value is Php 3,969 Time Period is 4 years

Q: Find the sum of money that accumulates to $3479 16 at 9.5% compounded quarterly in seven years,…

A: The time value of money recognizes the idea that the value of an amount of money today differs from…

Q: At what annual rate monthly compounded would $1 grow to $10 in 17 years? 0 16 % 14.5 % 0 14 51 %…

A: Annual rate of return refers to the percentage of earnings on the investment made for the given…

Q: If the arithmetic gradient is 1000$ and interest rate is 10% what the present sum of company after 5…

A: The arithmetic gradient is a special case of cash flow series, in the series cash will either…

Q: tive rate? 4 % p.a compounded quarterly

A: Effective rate is the rate after considering the effect of the compounding.

Q: average monthly return?

A: Average Return: average return is the average expected return from an investment it is calculated…

Q: In how many months will $1763 grow to $2438 at 5.1% p.a.? Round to one decimal.

A: Investment amount (P) = $ 1763Future value (FV) = $ 2348Interest rate (r) = 5.1%Number of years = n

Q: assuming a rate of 10% annually, find the FV of 1,000 after 5 yearas

A: The formula for the calculation of Future value is as follows: Future value=Present…

Q: tive rate? 7% p.a compounded quarterly

A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…

Q: e? 6 % p.a compounded monthly

A: The given problem can be solved using EFFECT function in excel. EFFECT function computes effective…

Q: ed quarterly for a 11,000, 5 1/2% m=4 redeemable at 110% at the end of 11 years and quoted price

A: The given problem can be solved using RATE function in excel. RATE function computes yield to…

Q: 5% APR compounded monthly. The annual growth factor is 1.0515806944291164. find the APY 3.2% APR…

A: APY formula: APY=1+APRnn-1

Q: In what time (years) will P5,000 to P7,000 at 6% compounded quarterly

A: Present value (PV) = P 5000 Future value (FV) = P 7000 Annual interest rate = 6% Quarterly interest…

Q: Determine m, n, and i for money earning 7.9% compounded quarterly for 5 years and 3 months.

A: Compounding period = 4Tenure = 5 yrs and 3 monthsInterest rate = 7.9%

Q: Find the sum of money that accumulates to ​$5111.39 at 7.7% compounded quarterly in two years, four…

A: given, FV = $5111.39 R= 7.7% M =4 ( quarterly compounding) N= 2 YEARS 4 MONTHS = 2+412years =2.33…

Q: The B/C ratio of an investment of $10,000 that provides a benefit of $1,500 at the beginning every…

A: Benefit-cost ratio (BCR) refers to the ratio which shows the relationship between present value of…

Q: The 2-year zero-rate is 2.08% and the 2.5-year zero-rate is 4.4%. What is the forward rate for the…

A: Zero-Coupon Bonds are raised in capital market at below par and has no periodic interest payments.…

Q: 5000 invested at an APR of 3.1% for 25 years is

A: Annual Percentage Rate (APR) is annual rate of interest charged to borrower and paid to lender. To…

Q: What present value amounts to $6511.30 of its invested for 3 years at 9% compounded semi-annual?

A: Present value is the current value of a future value or stream of future cash flows at specified…

Q: Effective rate? 20 % p.a compounded quarterly

A: The effective annual rate of interest is the actual or the real rate of interest paid or received…

Q: The 5-year spot rate is 10.5% and the 4-year spot rate is 8.8% What is the 1-year forward rate, 4…

A: Solution:- Forward rate means the rate decided today for a future date.

Q: 100 is deposited into an account at the end of each 3-year period for 36 years. The accumulated…

A: Annual effective rate is the real rate at which the money deposited grows.

Q: At what per annum rate must $373 be compounded monthly for it to grow to $756 in 10 years? (Round to…

A: We can use future value(with compound interest) formula to find the annual rate.FV=PV*(1+r/n)^nt

Q: At nominal rate compounded quarterly will P0.5 million accumulated at P760,000 in 4 years?

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: If P = $ 1000 A = $ 188 and i % = 12 % per year then N = ? (a) 9 years (b) 8 Years (c) 7 Years…

A: Present value considers the time value of money concept. It considers the discounting factor at…

Q: . J12 equivalent to ji = 10.08% i. equivalent to j4 = 12% . ja equivalent to j = 9% . per month…

A: in this we have to find equivalent rate of interest.

Effective Interest Rate

The term interest rate can be defined as the amount that is charged by the lender as a percentage on the principal amount. Interest rate which is charged annually is known as annual percentage rate.