Find the payment made by the ordinary annuity with the given present value. $82,913; monthly payments for 32 years; interest rate is 4.5%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)

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

A: write the formula for the future value of the annuity. F=P1+iN-1i Here, i is the interest rate that…

Q: Find the payment made by the ordinary annuity with the given present value. $231,156; quarterly…

A:

Q: Find the interest rate for each deposit and compound amount. 6) $8000 accumulating to $12,384.48,…

A: Recall the following fact.

Q: Find the compound amount for the deposit. Round to the nearest cent. $7980 at 3% compounded…

A: Here in the given question:   Present value = $ 7980   Interest rate (R) = 3%   Time period = 12…

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Calculate the amount in an account at the end of one year if the account starts with the principal…

A:

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: You purchase an RV by making a down payment of $10,500. The terms of your finance agreement have an…

A: To calculate the cash price of the RV, we need to determine the present value of the loan and add…

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

A: Interest = (Principal * Interest Rate * Time) / 100Given:Principal = $50,000Interest Rate = 23/4% =…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

A:

Q: You put $500 into an account paying 2% compounded monthly. What size can you withdraw at the…

A:

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: You owe $16,000 on student loans at an interest rate of 4.15% compounded monthly. You want to pay…

A: The monthly payment is calculated using the formula: Monthly Payment=Loan amount×i1-(1+i)-n. Here, i…

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Use a calculator to evaluate the present value of an annuity formula   for the values of the…

A: Answer:- Given, m = $ 50r = 5% = t = 9 yearn = 12Using formula, The present value of an annuity,

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…

Q: Find the monthly payments (just PMT) on a 20-year mortgage for $191,888 if the annual interest rate…

A:

Q: Calculate the amount of simple interest earned. $1,000 at 15% for 20 years

A:

Q: Use the​ add-on method to determine the monthly payment for a ​$9,000loan at 6​% interest for three…

A: