Suppose you would like to retire at the age of 65 with $2,000,000 in the bank. Determine- the monthly payments into IRA if the APR is 7.5% and you begin making payments at: 20 years old: 30 years old:

Q: Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to…

A: Given that Cyrus deposited $744.88 each quarter into an annuity account. The future value he wish to…

Q: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Find the total proceeds (in $) from the sale of 20 bonds with a coupon rate of 6.25 and a current…

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Q: What is the monthly mortgage constant on a 20-year mortgage loan of $75,000 requiring payments of…

A: Note;- These are multiple questions according to guideline we can do maximum 1 question so i am…

Q: Mittola just won $383,000 in a state lottery. He invests it in an annuity earning 47% interest in…

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Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: the monthly loan payment is 218.65 suppose you receive a 10 year unsubsidized student loan of 19,000…

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Q: A bond has a 14000 face value, an 8 year maturity and a 3.05 coupon. Find the total of the interest…

A: Face value = 14000 Coupon = 3.05% Thus interest rate = 3.05% = 0.0305

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the amount of…

A: S = P × (([1 + i]n – 1) / i) × (1 + i). Here, S is the final amount of maturity. P is the amount…

Q: Calculate the simple interest due (in dollars) on a 60-day loan of $1,600 if the annual interest…

A: Given

Q: Vicki takes out a 10-year loan. The loan is repaid by making 10 level annual repayments at the end…

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Q: jerome invests p1400 semiannually at 8% for nine years,determine the cash value of annuity due at…

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Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

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Q: A car loan is simple interest. You borrow $17,500 for 4 years at 7.5%. Assuming monthly payments,…

A: Given : $17,500 is borrowed for 4 years at 7.5 % of simple interest.   To find : Monthly payments.

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

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Q: What is the rebate fraction of a 42 month loan paid off after the 16th payment

A: We know that, Rebate fraction= sum of digits for number of payments remaining / sum of digits for…

Q: The rebate offer is $3800, and you can obtain a car loan at your local bank for the balance at 3.78%…

A: Let E be the monthly payment , P be the principal amount , r is the rate of interest and n is the…

Q: Calculate the value gained from depositing 12 regular installments into a bank, as the  amount of…

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Q: Krista borrowed ​$15,380. The loan is to be repaid by three equal payments due in 98, 146, and 272…

A: Sol:- To calculate the equal payments, we need to use the concept of present value. The present…