Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $  Amount Needed     A     Frequency     n     Rate     r     Time     t     $80,000     semiannually     4%     15 yr

Q: P​ =​$170​ r​ =5​% t​ =2years

A: Given data: The principal P = $170 is borrowed. The rate of interest, r = 5% Time, t = 2 years

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

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Q: e principal P is borrowed at a simple interest rate r for a period of time t. Find the loan's future…

A: To find the total amount due at a given time t.

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: We will find out the required value.

Q: Find the periodic payment R required to amortize a loan of P dollars over t years with interest…

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Q: Find the present value of $40,000 due in 3 years at the given rate of interest. (Use a 365-day year.…

A: Given that The Future value  FV=$ 40,000Interest rate r=4%=4100=0.04Compounded monthly  n=12Number…

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A: Here, we have to find the amount of periodic payment necessary.

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A: Step 1: The calculation of the periodic payment AB1future value $ 45,000.00 2Rate7%3Time (…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given: The amount $30,000 borrowed at 5% for 10 years with monthly payments.   Formula used: The…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given information: Present Value of Loan amount (PV) = $900,000 Since loan payments are made…

Q: An amount of P dollars is borrowed for the given length of time at an annual simple interest rate of…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: The main objective is to find the periodic payments on the given loan.

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A:

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: Given the periodic payments PMT on the given loan $30,000 borrowed at 4% for 10 years, with monthly…

Q: Find the compound amount for the deposit. Round to the nearest cent. $1000 at 6% compounded…

A: Given: The principal amount is $1000. The interest rate compounded semiannually is 6%. The time…

Q: You want to be able to withdraw the specified amount periodically from a payout annuity with the…

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Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: To solve this problem, first we have to determine the total interest that is accumulated on the…

Q: Determine the periodic payments

A: Given that         $400,000 borrowed at 8% for 9 years, with quarterly payments  To find PMT=$  ?

Q: Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer…

A: Monthly Payment Calculation:We can use the following formula to calculate the monthly payment (PMT)…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer t $900,000…

A: Loan Amortization Formula PMT=Pr1+rn1+rn-1 Where 'PMT' is periodic payment, 'P' is loan amount, 'r'…

Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest…

A: EMI = Principal * r * (1 + r)n(1+r)n - 1