To offer scholarships to children of employees a company invest $8000 at the end of every three months in an annuity that pays 10% compounded quarterly. a. How much were the company have a scholarship funds at the end of 10 years? b. Find the interest.

Q: You deposit $3,000 into a savings plan at the end of each year for three years. The interest rate is…

A: We have deposit amount is P=$3,000 Rate of interest = 5% = 0.05 Time = 3 years. Now, the value of…

Q: $350,000 is borrowed to purchase a house and land package, to be repaid with equal monthly…

A: Solution

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: write the formula for the future value of the annuity. F=P1+iN-1i Here, i is the interest rate that…

Q: Quarterly withdrawals of $850 for 7 years; interest rate is 4.9% compounded quarterly. Find the…

A: The formula is:A=P1+r4004Twhere P=principal amountr=rate of interestT=time

Q: Find the interest rate for each deposit and compound amount. 6) $8000 accumulating to $12,384.48,…

A: Recall the following fact.

Q: Find the size of each of 4 payments made at the end of each year into a 5% rate sinking fund which…

A: We can use the formula for the future value of an annuity: FV = P * [(1 + r)^n - 1]/r where FV is…

Q: What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest…

A: Given information Principal amount P=$3,000 Rate of interest r=10% Amount of interest is I=$125.00…

Q: Assume that you make a quarterly payment of $750 into an annuity paying 9% interest compound…

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Q: Find the face value of the zero-coupon bond. 20-year bond at 3.5% (compounded semiannually); price…

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Q: Determine the amount of interest paid on a $35000 investment that pays 10% per year, simple interest…

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Q: Calculate the annual interest that you will receive on the described bond. A $2000 Treasury bond…

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Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Brad invests $8,500 in an account paying 4% compounded monthly. How much is in the account after 7…

A: Given that  Brad invests 8500 Rate of intrest 4%  Compounded Monthly

Q: Find the amount necessary to fund then given withdrawls. Semiannual withdrawls of $900 for 9…

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

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Q: Find the present value of the given perpetuity. $26,000 per year at the rate of 4% yearly The…

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Q: withdrawing $10 every week from an outstanding balance $400

A: Consider the statement  withdrawing $10 every week from an outstanding balance $400

Q: Use a calculator to evaluate the present value of an annuity formula   for the values of the…

A: Answer:- Given, m = $ 50r = 5% = t = 9 yearn = 12Using formula, The present value of an annuity,

Q: Toby takes a one year loan from the bank for $50,000. The bank charges a nominal interest rate of…

A: Given,

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: