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A: Information Provided: Principal = $150 APR = 6% Time = 2 years
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A: N = 8 years Annual Payment (PMT) = 5000 Beginning of year payments Rate (r) = 7%
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A: Compound interest is referred as the interest which is calculated on principal amount which involves…
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A: Given:
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A: Given, PV = 11000 Rate = 6%
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A: Present Value of Annuity = Annuity * (1 - (1 / (1 + Interest Rate)^time)) / Interest RateFuture…
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A: Here, Investment Amount (P) is $2,000 Time Period (T) is 3 years Rate (R) is 4%
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A: Present Value: It represents the current or present value of the future expected sum of the amount.…
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A: To Find: Sinking fund payment
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A: Given: Deposit = $1,000 Interest rate = 5% Years = 3
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A: The given problem can be solved using PV function in excel. PV function computes present amount for…
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A: Amount of Loan =$8000 Interest rate = 6% per annum Interest rate per month = 6%/12= 0.50%
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A: Loans are amortized by equal payments over the period of loan.
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A: Compound = monthly = 12 Present value = pv = $17,000 Time = t = 6 * 12 = 72 months Interest Rate = r…
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