Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $2,000,000, r = 3.8%, compounded weekly for 20 years

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: You have $500,000.00 saved for retirement. Your account earns 5% interest compounded monthly. How…

A: Given : We have $500,000 saved for retirement and the account earns 5% interest compounded monthly.…

Q: Retirement Ray contributes $1000 to an individualretirement account (IRA) semiannually. What will…

A: Individual retirement account

Q: Jenna deposited $35,000 in an investment fund that was growing at a rate of 3.50% compounded…

A:

Q: Skippy wants to have $15,000.00 in 8 years. His bank is offering an account that earns 2% compounded…

A: Future value, F=$15000 Time, t=8 years. Interest rate, i=2%=0.02 Compounded frequency, m=12

Q: Quarterly withdrawals of $850 for 7 years; interest rate is 4.9% compounded quarterly. Find the…

A: The formula is:A=P1+r4004Twhere P=principal amountr=rate of interestT=time

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A:

Q: An investment makes payments of $575 at the start of each year for 100 years. The rate or return of…

A: Given: Principal amount, P=$575 Number of years, t=100 Rate of interest, r=3.7% Number of times…

Q: Find the vale of the annuity and the interest. $150 at the end of every 6 months? 6.5 % Compounded…

A:

Q: given annuity account. (Assume - 19 years at 4% per year

A: FV=$67846.05

Q: Find the face value of the zero-coupon bond. 20-year bond at 3.5% (compounded semiannually); price…

A:

Q: You want to buy a new car. You can afford payments of $500 per month and can borrow the money at an…

A: From the given data,A=$500 per month.Interest rate of 5.7% compounded monthly for 5 years.

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given data: Amount that needs to be accumulated (A)=$360000 Interest rate (r) =9% Time (t) =34…

Q: Find the periodic payments that will amount to the given sums under the given conditions. S = $8000;…

A: Amount of Annuity: The amount S of an annuity of payments of R dollars each, made at the end of each…

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: To Find the amount accumulated FV in the given annuity account, the formula isFV= Monthly deposit…

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: If you finance $15,000 for 3 years at 6% compounded monthly, the monthly payments will be…

A:

Q: An investment of P2,850 is made at the beginning of each month for 6 years and 7 months. How much…

A: Given that investment of P=2850 per month  for time T=6 years and 7 months= 79 months rate of…

Q: The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's…

A:

Q: You decide to make monthly payments into a retirement fund earning 4.75% compounded monthly.  Note:…

A:

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A:

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

A:

Q: Find the amount that should be invested now to accumulate the following​ amount, if the money is…

A: Given, the accumulated amount, A= $3,000. Rate of interest, r=5%=0.05 Number of years, t=7years We…