Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.) Sinking fund payment (in $) Sinking FundPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Value(Objective) $  every 3 months 4 6.0 quarterly $7,000

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

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Q: You have a new 10 year Student loan for $18,000.00 that charges an interest rate of 6.05% compounded…

A: Find the monthly interest rate. monthly rate=6.0512=0.504166666%

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: ind the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…

A: Payout Annuity FormulaWhere PMT is periodic withdrawal, P is principal amount, i is periodic…

Q: Solve by using formulas. (Round your answer to the nearest cent.) Present value (in $) of an annuity…

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Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: Given that the Future value FV=$7000 Payment frequency every 3 months  q=4  Time Period t=4 years…

Q: Use an amortization table to solve the problem. Round to the nearest cent.  A bank makes a home…

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Q: Solve by using formulas. (Round your answer to the nearest cent.) Present value (in $) of an annuity…

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Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

A: Given Information - Future Value = $9,000 Nominal Rate = 6% Time Period = 4 years Interest is…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: Pv value need to be find

Q: Solve by using the sinking fund or amortization formula. (Round your answer to the nearest cent.)…

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Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A: Given that Periodic payment  PMT=$85 Interest rate r=1%=1100=0.01 Compounded monthly…

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: Given: P=$2,300r=4%=0.04 annuityn=12×15=180

Q: Calculate how much needs to be invested in a no-load mutual fund that yields 5% if $28,750 is needed…

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Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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Q: Calculate the time necessary to achieve an investment goal. Give your answer to the nearest day. Use…

A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…

Q: What sinking fund payment would you need to make at the END of each three months, at 6% interest…

A: What sinking fund payment would you need to make at the END of each three months, at 6% interest…

Q: You borrow some money on a mortgage loan. Your monthly payments are $750 to start with, on a loan…

A: We will find out the required value.