months over 3 years at 7% per year compounded quarterly. much is Ana's quarterly payment?

Q: What monthly payment does an investor receive from a $5000, three-year, re interest GIC earning a…

A:

Q: What is the monthly payment on a loan of $5,000 at APR = 6% for 3 years

A: Monthly payment can be calculated by loan amount divided by present value factor of an ordinary…

Q: You invest $1,000 for 3 years at 6% per annum compounding quarterly. What is the equivalent annual…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: If interest is compounded monthly at 10% per year for 15 years, explain how to find the number of…

A: To find the number of compounding periods and the interest earned when interest is compounded…

Q: What monthly payments should Erica pay to save $76,000 in 14 years if money can earn 4.5% compounded…

A: Here, Required Savings is 76,000 Time Period is 14 years Interest Rate is 4.5% Compounding Period is…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for four…

A: Annual interest rate = 8% Number of compounding per year = 6 Effective annual rate = (1+0.08/6)6-1…

Q: How much money must be deposited at the end of each year in a savings account that pays 9% per year,…

A: Future value (FV) = P10,000 Interest rate = 9% e = 2.7182818284590452353602874713527 Effective…

Q: Juan borrowed 3,841 at 1.32% per month payable in 24 equal end-of-the-month payments. What is the…

A: Solution:- Effective interest rate means the net interest rate for the year after the effect of all…

Q: What is the accumulated sum of $200 a year for the next 15 years compounded annually at 7.5%?

A: Annuity referes to a series of regular payment for a definite period. If payments are made at the…

Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.1…

A: Annual interest rate = 0.10.1 Bi monthly interest rate (r) = 0.1/6 = 0.016666667 Period = 4 years…

Q: What is the future werth of a series of equal monthly payments of $2,000 if the series extends over…

A: Future value is the value of an asset after a specific time period.

Q: What it the amount in an account after 3 years if $200 is deposited each quarter into the account,…

A: Compound = Quarterly Time = t = 3 * 4 = 12 quarter Payment = p = $200 Interest rate = r = 7 / 4 =…

Q: Quarterly compounding implies that interest is compounded _  times per year.   You have deposited…

A: Compound = Semiannually = 2Present Value = pv = $96,780Interest rate = r = 8 / 2 = 4%Time = t = 8 *…

Q: For how long Kirk have to make payments of $290 at the end of every year to repay loan of $2530 if…

A: A loan is a contract between two parties where an amount is forwarded on the promise of repayment…

Q: what is the nominal annual rate of interest compounded quarterly if a loan of $25,000 is repaid in…

A: The act in which one person or entity provides funds to another person for defined term and agreed…

Q: If the nominal rate is 16.5% per year compounded quarterly, what is the equivalent effective rate of…

A: Since you have asked a question with multiple parts, we will solve the first 3 parts as per policy.…

Q: 1. what type of annuity is this: Payments are made at the beginning of each month and the interest…

A: NOTE: As per our policy, we only answer one question when different questions are provided.…

Q: How many times is the interest calculated in five years if the principal is compounded monthly?

A: This is a case of compound interest.   In case of compound interest, the interest amount for a…

Q: What is the final amount of $2696 payable every three months for 5 years and 9 months, if money is…

A: Here, Quarterly Payment is P2696 Time Period is 5 years and 9 months Time Period in Quarters  (n)…

Q: What is the monthly payment on a loan of $5,000 at APR = 6% for 4 years.

A: Loan amount (LV) = $5000 Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period = 4…

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: How much in each of the quarterly installments if rate of interest 10% compounded bi-monthly?

A: A stream of equal cash flows paid or received periodically is termed as annuity. Annuity is either…

Q: If you save $580 at the beginning of every six months for nine years, for how long can you withdraw…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: naline wants to have 5000 dollars after 6 years in the account that draw a nominal interest of 7…

A: The future value of goes on increasing as there is more compounding over the period of time.

Q: much do ten P 6,945 quarterly payments amount nterest rate is 3 compounded quarterly if payments y…

A: In this we have to find present value FACTOR and than we can find present value.

Q: Determine m, n, and i for money earning 7.9% compounded quarterly for 5 years and 3 months.

A: Compounding period = 4Tenure = 5 yrs and 3 monthsInterest rate = 7.9%

Q: How much must be deposited at the end of each month for six year to accumulate $3250.00 at 5%…

A: Using excel PMT function

Q: how much should I invest today and expect a reimbursement every other month with a ROR of 0.08…

A: ROR = 0.08 Bi-monthly ROR (R) = 0.08/6 = 0.0133333333 Period = 4 Years Number of bi-monthly payments…

Q: of each month. At 6% compounded semiannually what is the required time?

A: More is compounding more is the effective interest and more is interest being accumulated over the…

Q: What is the EAR corresponding to a nominal rate of compounded semiannually? Compounded 10%…

A: EAR is effective annual rate i.e. equivalent interest rate for interest rate which are compounded…

Q: What monthly payments must you make to pay off the $50,000 loan at 8.4% compounded monthly over 3…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if…

A: Given information : Expected amount 1000000 Time period 15 Interest rate 7% Effective…

Q: You wish to save $76000 in an account which pays 5% compounded semiannually by making annual…

A: FUTURE VALUE OF ANNUITY =A×1+RMN×m-1RM WHERE, A=annuity R=rate of interest N= number of years M=…

Q: What should be the amount in an RRSP that is earning 7.00% compounded quarterly if it can be…

A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: Lucy had an agreement to settle a loan by making payments of $3,000 in 12 months, and $2,400 in 5…

A: We will use the equation of time value of money to solve the question. According to the concept of…

Q: How much will be in an account at the end of five years the amount deposited today is $10,000 and…

A: The given problem can be solved using FV function in exceL. FV function computes amount BALANCE in…

Q: How many monthly payments of $270 will it to save up $4861 when interest is 3.67% compounded…

A: Monthly payment (P) = $270 Interest rate = 3.67% Monthly interest rate (r) = [{1+0.0367/2}2]1/12-1…

Q: Lilly deposits $350 every month into an account that earns 5% annual interest where interest is…

A: Number of months = 6 years * 12 months/year = 72 monthsMonthly deposit = $350Semiannual interest…

Q: If I invest PI0,387 today and expect a reimbursement every 6 months with a rate of l1.54% compounded…

A: solution : given present investment (PV)              =P 10,387 rate of interest…

Q: How much money is accumulated if P 5,800 is paid at the end of every month for 4 years at 5%…

A: Monthly payment (M) = P 5800 Number of payments (n) = 4 years = 48 months Interest rate = 5%…

Q: what amount must be deposited now in order to withdraw 2,000 at the beginning of each month for 3…

A: Here, Withdrawal Amount needed (PMT) is 2,000 Time Period of Withdrawal (n) is 3 years Interest Rate…

Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

A: To solve this question, we need to use and apply the concept of time value of money.   The balance…

Q: The state income rate on your account is 3.5 interest compounded monthly. If you deposit 100 each…

A: As the amount is being deposited the value of account increases with time due to the compounding of…

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