The following are the annual premiums charged by an Insurance Corporation 10 lakh. Calculate the premium payable at the age of 26. for a policy of Age in years 20 25 30 35 40 : Premium 23 26 30 35 42

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

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A: we have to find the capital value of an office building for which annual rent of $50,000 will be…

Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: The annual interest rate on a credit card is 16.99​%. If a payment of ​$100.00 is made each​ month,…

A:

Q: Consider a credit card with a balance of $8000 and an APR of 21%. If you want to make monthly…

A: According to the given data, find the total amount:

Q: A man starts his job with a certain monthly salary and earns a fixed increment every year. If his…

A: let  x be the starting  salary and y be the fixed increament

Q: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$6,600 per…

A: Given that $6,600 per year can be withdrawn for 7  years, with the first withdrawal to start four…

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

A: Consider the provided question, Basim borrows OMR 3580 for 4 months at a simple interest rate of 6%…

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

A:

Q: A contractor borrows $1,000 at 11.8% interest rate per annum to buy material for a job. The debt is…

A: Compound Interest Formulawhere A is the final amount after time t P is the initial investment R is…

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…

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A:

Q: A contractor borrows $2,700 on July 1 at 12% interest rate per annum to purchase electrical…

A: A contractor borrows $2,700 on July 1 at 12% interest rate per annum to purchase electrical…

Q: For a loan of $14,000 at 4.00% paid monthly over 60 months, how much principal is paid off half-way…

A: It is given thatLoan amount=$14,000Rate of interest per month=4%Time=60months 5yearsTo find:1…

Q: A computer is available for Rs. 39300 cash or for Rs. 12820 cash down payment and three equal half…

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Q: A homebuyer takes out a mortgage of $100,000 with an interest rate of 9%. What monthly payment is…

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Q: To retire a bond of $ 100,000.00 in 5 years, what amount needs to be deposited at 8% quarterly?

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Q: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

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Q: What is the present value of a $100 perpetuity deferred for 10 years if the interest rate is 6% ?

A: We have to find the present value Annual cash flow =$100Interest rate = 6Present value…

Q: An invoice for $620 dated November 5 with payment terms of 3/10, 2/15, n/30, was paid in full on…

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Q: If the interest on a loan amount $3500 for 1 years is $132. Then the rate of interest is O 2.65%…

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

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Q: The employees at an NGO are awarded increments on their salary according to the following policy: no…

A: Given: Increment after 2 years is 5%. Increment after 4 years is 13%. Current salary of the…