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- Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest is earned at a rate of 7%, compounded annuallyYou have a financial goal of $140,000. The rate is 3% compounded annually. The time is 16 years. What is the periodic deposit at the end of each year?Prepare an amortization schedule for a three-year loan of $111,000. The interest rate is 10 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan?
- Annual investments of $1200 are to be made at a savings and loan institution for 10 years beginning at the end of the first year. The instltution compounds interest quarterly at a nominal annual rate of 5 percent. What is the expected value of the investment at the end of 10 years?The effective rate of interest is 4% per annum. Calculate the value at the start of the payment stream of an annuity paying 800 annually in advance for 12 years.A loan of $10200 is to be amortized with quarterly payments over five years. The interest on the loan is 7.5% per year, paid on the unpaid balance. What is the payoff amount (remaining balance) after the 10th payment?
- A loan of $10200 is to be amortized with quarterly payments over five years. The interest on the loan is 7.5% per year, paid on the unpaid balance. What is the payment to pay off the loan?What is the future value of $800 deposited each year for six years, compounded annually at 10 percent interest after six years?What is the present value of $250 annual payments received at the end of each of the next five years? The annual compounded interest rate is 9%. The first payment occurs a year from today.