s. How much is his monthly payment? How much total interest will he pay?

Q: What else would be added to his monthly mortgage payment?

A: A monthly mortgage payment is what we pay to the lender, to repay our loan each month. it is made up…

Q: erpetuity is a type of annuity which has infinite period of payments. The present value of a…

A: Present Value: It represents the present worth of future cash flows.  Thus, it is calculated by…

Q: If interest on a savings account is compounded semiannually, the effective rate of interest will…

A: In nominal interest is like simple interest but there is no compounding , in simple interest there…

Q: If the payments are monthly how would you set up the present value?

A: The concept of present value asserts that a sum of money today is worth more than the same sum in…

Q: What are the primary characteristics of an annuity? Differentiate between an “ordinary annuity” and…

A: Annuity: In the realm of finance, an annuity is a series of recurring payments. Annuities include…

Q: None

A: You need to take into consideration the basic guideline that your total housing payment should not…

Q: f you would like to retire as a millionaire. If you make a uniform deposit of $19,000 monthly at an…

A: Millionaire means that you want one million in retirement and the future value of the deposit…

Q: What do we know about a loan, which is said to have annuity payments? a. This loan has annual…

A: The loan can be referred to as the debt amount that the borrower takes till certain maturity period…

Q: Determine if asset, liability, cash inflow or outflow: *weekly paycheck *alimony from your ex

A: Solution:- Asset means something that an individual owns and holds and also gets benefit from it in…

Q: What is the difference between an ordinary annuity and an annuity due? If you were to save money in…

A: An annuity is a series of payments at a fixed interval of time. There are two types of annuities…

Q: The ___________ method requires one to estimate annual retirement expenses when estimating required…

A: Lets understand the meaning of adjusted expense method. It is a method in which, There is first…

Q: How much would you pay today for a perpetuity of $ 1,000 per year if the prevailing interest rate is…

A: Perpetuity  is a type of security where, you pay money for an infinite amount of time. It keeps on…

Q: Suppose that Joseph, an existing customer of this product (with the arrangement specified above),…

A: The present value of money is the equivalent money that is equivalent to the future payments based…

Q: How to calculate monthly interest and apr

A: Wall unit cost = $2200 Down payment = $800 Monthly payment = $43.50 Period of loan = 48 months

Q: Do I take the monthly payment and add the interest then divide it to find the total payments? And do…

A: The monthly payments amount of $828.85 that has been computed here will be constant over the next 30…

Q: how much interest will he pay in his 36th​ payment?

A: To determine the interest, he would pay on his 36th payment, we need to determine the loan balance…

Q: What's the rate of return you would earn if you paid $3,480 for a perpetuity that pays $70 per year?…

A: The objective of this question is to calculate the rate of return on a perpetuity. A perpetuity is…

Q: Am. 111.

A: We can solve this using Present value of perpetuityPresent value of perpetuity is = Payment in each…

Q: What is the double entry to record my payments to a rotating savings arrangement weekly? What is…

A: Double entry is one of the method of bookkeeping which states that each monetary transaction has…

Q: Number of Annual Present Value Annuity Future Value Payments or Interest Rate Years 6. 10% $301.36…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: Meghan purchases a retirement annuity that will pay her $1,000 at the end of every six months for…

A: Here, Annuity Payment for first nine years $   1,000.00Compounding period of first nine year…

Q: Can we calculate the total annual interest payment for a credit card by using the future value…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: hat happens to the interest if I pay more than my payment amount on a car or home loan? What happens…

A: The loans are paid by equal monthly payments that carry the payment for interest and payment for…

Q: After how many months will an annuity earning 2.4% annually be worth $500 if $25 is deposited…

A: Interest Rate = 2.4% Annually Rate = 2.4%/12 = 0.2% Future Value (FV) = $500 Monthly Deposit (PMT) =…

Q: Number of Payments or Years 5 20 26 340 Annual Interest Rate 9% 15% 2% 1.2% Present Value 0 0 0 0…

A: Future value of each of the annuity is calculated in excel using FV function

Q: How much money, Ap, should you invest at the present in such a bond if you would like to receive…

A: A series of unending equal cash flow is called perpetuity. The present value of perpetuity can be…