TJTDAI HỌC TÔN ĐỨC THẮNGTON DUC THANG UNIVERSITYExample. NSinking FundExample: A company establishes a sinking fund to discharge adebt of 300,000 dollars due in 5 years by making equalsemiannual deposits, the first due in 6 months. If the depositsare placed in an account that pays 6 percent compoundedsemiannually what is the size of the deposits ?11/22/2022C01120- Chapter 2: Mathematics of financeTCL26

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Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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(b) Tom and Annie are buying a house and have taken out a 20 year, $250,000 mortgage at 6% interest, compounded monthly. (i) What will their monthly payments be? (ii) How much money will they have actually paid at the end of 30 years? As) :) (iii) How much interest will be paid? "s)
Q1: A sum of $2000 borrowed at 16% compounded daily for 2 years, state (c) The periodic rate of interest (i); (d) The number of compounding periods in the term (n); mention days (e) Find the future value of the loan at the end of 2 years Q5 A debt payment of $5,500 is due in 27 months. If money is worth 8.4% p.a. compounded quarterly, what is the equivalent payment (c) 27 months from now? (d) 36 months from now?
Reporting allowance for doubtful accounts P2 On December 31 of Swift Co.’s first year, $50,000 of accounts receivable was not yet collected. Swift estimated that $2,000 of its accounts receivable was uncollectible and recorded the year-end adjusting entry. 1. Compute the realizable value of accounts receivable reported on Swift’s year-end balance sheet. 2. On January 1 of Swift’s second year, it writes off a customer’s account for $300. Compute the realizable value of accounts receivable on January 1 after the write-off. page 300 "
Miss Aisha deposited RO 5000 in a fixed deposit at 5 % interest compounded semi-annually for 5 years. At the beginning of year 3, he deposited an additional RO 2000 at 7 % rate of interest compounded quarterly. What will be the total balance in his account after 5 years? Simple interest and compound interest method generate different amount of interest. Discuss and give reason to your answer If Miss Aisha would have deposited the same amount for the same period and at the same rate of simple interest, how much amount he would have got at the end of 5 years?
'''Dianna received an amount of 67,000 as a gift from her parents during her 18th She would like to invest her money in the bank until she becomes 25. The bank offers two options for her money to earn interest: a) given a rate of 8% annually or b) given a rate of 2% compounded monthly. Solve both a and b, and justify which of the two is better.
16) The amount of $15,700 is deposited into a CD account for 8 years with simple interest. At the end of 8 years the balance is 19,201 dollars. What is the interest rate. Interest______ Simple Interest Rate:______
3 Jeremy has $2300 to invest for 6 years. a) Which is the better investment? Justify your answer. Investment A: Guaranteed Investment Certificate (GIC) that earns 6.8% compounded semi-annually Investment B: bond that earns 6.7% compounded monthly
s WebAssign - 22/SP QU X * WA Finance 1 - Saving Money a X webassign.net/web/Student/Assignment-Responses/last?dep=28665524 eceiver -/1 Points] DETAILS MY NOTES We invest $5500 in an account that pays simple interest of 4% each year. How much interest is earned after 10 years? Recall that the simple interest formula does not use Excel. The simple interest formula calculates interest only. The interest earned after 10 years is $ Submit Answer -/2.4 Points] DETAILS MY NOTES A. Suppose you invest $1000 in a savings account that pays an APR of 6%. If the account pays simple interest, what is the balance in the nearest cent.) Recall that the simple interest formula does not use Excel. The simple interest formula calculates interest only. This question requests th $. If interest is compounded monthly, what is the balance in the account after 20 years? (Round your answer to the nearest cent.)
Now, imagine you are the parent, and 18 years ago, your child was born. At the time of your child's birth, you considered saving money for a college education. 5.) How much money would you need to deposit into a savings account at the time of your child's birth (lump sum) if you wanted to have the amount you figured in question #2 in 18 years? 220 448) a) If your rate of return is 8% compounded annually. b) If interest is 6.8% compounded monthly.
Pls do fast and i will rate instantly for sure Solution must be in typed form .A) Jada deposited an amount of money in a bank 6 years ago. If the bank had been paying interest at the rate of 6%/year compounded daily (assume a 365-day year) and she has $27,000 on deposit today, what was her initial deposit? (Round your answer to the nearest cent.) B) How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of 5%/year compounded monthly? (Round your answer to one decimal place.)
nt 0 h eason) (MATH-1332-81700) _ssignment mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId== P Do Homework - Section 8.5 Assignment Periodic Deposit Rate $? at the end of each year 5% compounded annually Click the icon to view some finance formulas. a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Question 11, 8.5.11 Part 1 of 2 n example Get more help ▲ Time 19 years > a. The periodic deposit is (Do not round until the final answer. Then round up to the nearest dollar as needed.) Financial Goal $150,000

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