Find the amount of payment to be Joe needs to make into a sinking fund every quarter to accumulate  $62,000 after 6 years: Knowing that money earns 8 % compounded quarterly. Ans: $2,038.01

Q: If you borrow $4,000, what single payment must you make after 5 years to repay the principal and…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: A present amount of 5300 is invested into an account, which can be withdrawn after the end of 12.8…

A: The equivalent uniform annuity would be equivalent to growing annuity when both present value are…

Q: What is the amount of the quartery deposits A such that you w able to withdraw the amounts shown in…

A: Let Quarterly Deposit = A r = 8%/4 = 2%

Q: HOW SOLUTIONS AND WRITE NEATLY THE FORMULA COMPOUND INTEREST What simple interest rate is…

A: i = Interest rate per compounding period = 7.5%  n = Total compounding period = 6.5 years

Q: P500,000 was deposited 20.15 years ago at an interest rate of 7% compounded semi-annually. How much…

A:

Q: Compute for the effective interest rate every 3 months of the nominal rate us 16.66% compounded…

A: The effective interest is generally higher than the nominal rate because it will be calculated with…

Q: An automobile loan of $15,000 at a nominal rate of 9% compounded monthly for 36 months requires…

A: An auto mobile loan of $15,000 at a nominal rate of 9% compounded monthly for 36 months requires…

Q: Please show work

A: According to the question, an investment of $2,000 has made for 20 years at 8% per year. The amount…

Q: Calculate the future value for the following 3 problems Present Value Interest Rate Time (Years)…

A: Future Value takes into account the time value of money. It calculates the value of an asset at a…

Q: Determine the present amount and the accumulated amount of an annuity consisting of 6 payments of…

A: Answer in step 2

Q: 6.A man invests P10,000 now for the college education of his 2-year old son. If the fund earns 14%…

A: 6. Given: Amount invested=P 10000 Effective interest rate=14% To find: Amount which son would get…

Q: Alp Bilgin deposits $33.000 in a saving account that pays 9% interest compounded monthly. Four years…

A: The objective of the question is to calculate the total amount in the account eight years after the…

Q: An investment of P2880 is made at the beginning of each month for 9 years and 4 months. How much…

A: We have given that the investment is made at the beginning of each month and A =₱2880 Length of…

Q: 1.Compute for the effective interest rate. Payment period = semi-annually Interest period = 12.76%…

A: Given  Nominal interest rate =12.76% compounded monthly. We have to find the effective rate of…

Q: An investment of $3523 is made at the beginning of each month for 5 years and 10 months. How much…

A: Total months(n) =years*12+months=5*12+10=70 interest rate per month (r)=1% Amount invested per month…

Q: Compute for the effective interest rate per monthl Nominal rate= 2.35% compounded yearly

A: The effective annual interest rate refers to the return on an investment or the rate owed in…

Q: a) An individual deposits $8,000 semiannually every six months into a savings account. How much does…

A: the nominal interest rate or nominal rate of interest is either of two distinct things: the rate of…

Q: 65. A 10% effective rate of interest is equivalent to what percent if compounded continuously? 9.53%…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: You have deposited your $20000 lottery winnings in an account that pays 8%interest compounded…

A:

Q: Find the uniform annual amount that is equivalent to a uniform gradient series in which the first…

A:

Q: 19. Each year a single payment of P5000 is deposited in an account that earns 16% compounded…

A:

Q: Addy plans to deposit her annual bonus into a savings account that pays 4% interest compounded…

A: # She receives interest @4% P.A # first bonus she deposit at the end of the first year with amount…

Q: You have a student loan with a 10% APR, compounded monthly, and a $27,000 balance. You plan to pay…

A: Nominal interest rate =10%. per year compounded monthly.Loan balance (P) =$27,000Total number of…

Q: n an ordinary annuity (uniform series of payments) if the nominal rate of interest is 8% compounded…

A: a.) CAPITAL RECOVERY FACTOR   When compounded quarterly the interest rate is divided by 4 and the…

Q: deposits increasing at a constant rate of 2.7% are made at the end of each year. The first deposit…

A: Initial deposit (P) = 1349Growth rate (g) = 2.7% (converted to decimal: 0.027)Interest rate (i) =…

Q: 1. Determine the ordinary simple interest on a 5 years loan of $ 195703 at 13.05%.

A: Exact interest refers to an approach of computing the interest on a debt based on a 365 day year. In…

Q: How much will $4,200 be worth in 10 years with 7% interest compounded continuously? **** The future…

A: Interest is compounded annually when the interest accrued on the initial principal and the…

Q: On the day his son was born, a father deposited to a trust company a sufficient amount of money so…

A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount…

Q: 5) You want to have $2 million 40 years from now. How much must you deposit each year (starting at…

A: Each sum is communicated in the worth of the cash at that specific time, alluded to as future…

Q: An employee wants to retire and receive P5000 a month. She wants to pass this monthly payment to…

A: Given, Monthly payments = P 5,000   Interest rate = 8% compounded annually

Q: How much do you need to deposit in an account today in order to have $11,000 in the account in 6…

A: Every commercial bank decides its Annual Percentage Rate (APR) range based on the interest rate set…

Q: 4. Find the nominal rate of 22% compounded every 3 months

A: Nominal rate of interest is one kind of interest in which the interest rate is calculated without…

Q: Vince loaned P30,000.00 from a cooperative and promised to pay it back with x times his original…

A: Solving completely

Q: PROBLEM 8. A man wishes his son to receive P300,000 ten years from now. What amount should he invest…

A: Future value (F) = P300,000 Time period (n) = 10 years Interests:  i1% = 10% compounded annually…

Q: Bill made a budget and planned to deposit $150 a month in a savings account, beginning September 1.…

A: Future worth represents the value of future cash flows, investments, or benefits at a specified…

Q: You borrow $ 27965 at 12.25 % interest compounded monthly. If you are unable to make any payments…

A: We use the compound interest formula to calculate the amount due at the end of 5 years. The formula…

Q: A man expects to receive P20,000.00 in 8 years. How much is that money worth now considering…

A: The future worth formula is FV=PV(1+i)n , here the PV rises for every period into the future by a…

Q: What is the amount of the quarterly deposits, A, such that you will be able to withdraw the amounts…

A: The nominal interest rate is also known as the money interest rate is the declared rate of interest.…