How much must be deposited today into the following account in order to have $50,000 in 5 years for a down payment on a​ house? Assume no additional deposits are made.   An account with quarterly compounding and an APR of 7.6​%

Q: Find the present value of an ordinary annuity with deposits of $6,507 quarterly for 6 years at 4.4%…

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Q: Find the present value of $20,000 due in eight years at the given rate of interest 4.5% year…

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Q: Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

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

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Q: Find the present value of an ordinary annuity which has payments of $800 per year for 16 years at 9%…

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Q: Find the accumulated value of an annuity due of $500 payable at the beginning of every month for ten…

A: given that P = $500 r = 3% p.a. n = 12 t = 10 years formula for annuity…

Q: How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: please comment if you need any clarification. If you find my answer useful please put thumbs up.…

Q: You would like to have $6,000 in four years for a special vacation following graduation bymaking…

A: Future Value of an Ordinary Annuity FormulaThe future value ( FV ) of an ordinary annuity formula,…

Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

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Q: Determine the present value of £100 due in two and a half months at 10.3% p.a. compound interest.

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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: Find the amount of an ordinary annuity for 6 years of semiannually payments of $1,400 that earn…

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Q: Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the…

A: find explanation below

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

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Q: How much must be deposited today into the following account in order to have a $105,000 college fund…

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Q: Find the present value of an ordinary annuity with deposits of $15,590 every 6 months for 3 years at…

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Q: Find the present value of an ordinary annuity with deposits of $22,325 quarterly for 5 years at 7.6%…

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Q: Find the present value of an ordinary annuity with deposits of $6,258 each year for 8 years at 9.6%…

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Q: Find the present value of the ordinary annuity. Payments of $550 made annually for 13 years at 6%…

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Q: Find the present value of the ordinary annuity. $170/month for 15 years at 4%/year compounded…

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