PDo Homework - Section 3.4 - WaveBrowser mylab.pearson.com/Student/PlayerHomework.aspx?homeworkid=634745189&questionid=3&flushed=false&cid=7133139¢erwin=yes Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV = $8,000; i = 0.04; PMT= $500; n = ? n= ☐ X (Round up to the nearest integer.)

Q: Question 23 A debt is repaid by payments of 9,000 php made at the end of every quarter for 2.5 years…

A: NOTE: Refresh your page if you can't see any equations. . here payment frequency is quarterly and…

Q: A loan of 51000 dollars at 7.8 percent interest compounded annually is amortized with 11 equal…

A: We will find out the required value of equal size of payment.

Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

A:

Q: loan of P200000 is to be repaid in full after 3years.If the interest rate is 8percent per annum.how…

A:

Q: An investor wants to save money to purchase real estate. He buys an annuity with quarterly payments…

A: Solution

Q: 3 Find the compound interest In on a loan of ₱600,000 at 6% compounded semi-annually for 8 years.

A:

Q: What sum of money is required to pay a loan of P20,000 on May 20, 2018, if the loan was made on…

A:

Q: Find the future value of a deposit of $2000 for 10 years with 10% for the following: a Comnounded…

A:

Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412%  Number of months in each quarter =…

Q: Brent deposits P25 000 on August 13, 2020 and had deposited the same amount on the same date every…

A: Given that: Brent deposits P25000 on Aug 13, 2020 and had deposited the same amount on the same date…

Q: Basim borrows OMR 3580 for 4 months at a simple interest rate of 6% per year.Determine proceeds. -…

A:

Q: Find the future value of an annuity due of $8,000 paid at the beginning of each 6-month period for 6…

A: Given that, the due is R=$8000, interest rate is 6% and interest is compounded semi-annually , time…

Q: The time line below shows an annuity from which quarterly withdrawals are made for 10 years.…

A: Given: Periodic Payment = $7000 Rate per period = 0.0175 Number of periods = 40

Q: Your mom decided to join their office cooperative and agreed to contribute P1000 per month beginning…

A: To write the correct option.

Q: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…

Q: A certain annuity pays P 80 at the end of every 3 months for 12 years. If the present value of the…

A: we have  i=effective rate for every 3 months n= number of 3 months periods present value of annuity…

Q: You want to buy a $33,000 car. The company is offering a 4% interest rate for 60 months (5 years).…

A: We have to find Monthly Payment.

Q: Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is $7868.…

A: Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is…

Q: What

A:

Q: A father puts Php550,000 in a savings account at a birth of his son, If the account pays 2.5%…

A:

Q: Supposed to deposit $100 every six months into an account that pays 6% compounded semiannually. If…

A: Annuity formula is as below: here,d=100N=3 yearsr=6 %=0.06k=2

Q: Suppose that $2000 is invested at a rate of 3%, compounded quarterly. Assuming that no withdrawals…

A: The formula is given by, A=P1+rnnt, where P is the initial amount, r is the rate and n is the time.