Determine the number of compounding periods for the following investment. Principal $1733 Future Value $2081 The number of compounding periods is Interest Rate 6.9% Frequency of Conversion monthly

Q: PMT= $2,000, 2.00% compounded monthly for 4 years. The future value of the ordinary annuity is ?

A: From the given information, it is observed that the cash flow per period is $2000, interest rate is…

Q: Find the compound interest and total amount of a one time deposit of $8000 at 12% for 8 years. 1.…

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Q: Use MV = P(1 + RT) to find the maturity value (in $) of the loan. Principal $710,000 Rate (%) 13.35…

A: The given principal amount , rate of interest  and time  months.The aim is to find the maturity…

Q: Principal          185,000 Rate %              15 1/2 Time                  5 months Interest…

A: Given data:   The given principal is P=185,000. The given rate of interest is r=15 1/2 %=31/2 %. The…

Q: A mutual fund has an average annual rate of return of 14.5 % . The investment company charges 3 %…

A: The formula for the compound interest is Pt=P0(1+r)t whereP0=initial value ($4000 i.e.…

Q: The bank approved Sylvie for a $250,000, 15-year mortgage with an APR of 3.95%

A: Given that Sylvie was given approval from the bank for a $250000 with 15-year mortgage with a 3.95…

Q: Rank each interest rate and compounding scheme in order from highest yield to lowest yield. 3%…

A: Solution :-

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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Q: Find the present value for the following future amount. $12,000 at 3% compounded quarterly for 5.5…

A: Let Present value be denoted by P Given Future value Given rate of interest Time

Q: Find the compound amount for the following deposit. $13,000 at 7% compounded quarterly for 9 years.

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Q: Find the APY corresponding to the following nominal rate.   7​% compounded semiannually

A: The objective of this question is to calculate the Annual Percentage Yield (APY) from a given…

Q: Principal             890,000 Rate %                13.35 Time                    9 months…

A: Given: principle=890,000 Rate % =  13.35 time =9month t=912year rate=13.35100

Q: Find the total number of compounding periods and the interest rate per period for the investment.…

A: Term ofInvestment Nominal(Annual) Rate (%) InterestCompounded CompoundingPeriods Rate perPeriod (%)…

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

A: Given, Amount=A= $ 12543 Time period= t= 3 Quarterly payments= $ 950 It is also given that…

Q: Find the total number of compounding periods and the interest rate per period for the investment.…

A: Given: Term of investment: 8 years Annual,rate: 3% And the interest is compounded monthly.

Q: Find the total number of compounding periods and the interest rate per period for the investment.…

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Q: Calculate the account balance and the annual percentage yield (APY) in the following situation. (…

A: Here we use the formula of compund interest to find the account balance after one year.

Q: Find the total return earned by the bond with the characteristics shown in the tabel   face value.…

A: To calculate the total return, you need to know the total interest that you have earned during the…

Q: Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of $900 for 7 years;…

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Q: Principal: $15,500 Interest rate: 6% Compounded quarterly Calculate the effective rate (APY) of…

A: Compound interest formula A=P1+rnnt We are given where rn is APY P=$15500r=6%=0.06n=4t=1