Two payments of $7,000 and $2,200 are due in 1 year and 2 years, respectively. Calculate the two equal payments that would replace these payments, made in 6 months and in 3 years if money is worth 9% compounded quarterly. $0.00 Round to the nearest cent

Q: A person donated OMR 6420 to a college with the provision that a scholarship is paid at the end of…

A: When the interest is compounded, then the formula used is A=P1+rnnt , where, A is the final amount,…

Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: Jill borrowed $13,000 at 5.5% p.a. compounded semi-annually. If the loan is to be repaid in equal…

A:

Q: A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 2.75%…

A: Amount deposited Interest rate  compounded daily.Time period  years.We have to find the amount in…

Q: $450 is deposited at the end of each quarter for 1.5 years at 10% interest per year compounded…

A:

Q: A borrower had loan of $5500 at 5.1% compounded semiannually, with 18 semiannual payments. Suppose…

A:

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

A:

Q: $200 is deposited monthly into an ordinary annuity that earns 1.6% per month compounded monthly.…

A:

Q: Diana secured a 6-year car lease at 5.60% compounded annually that required her to make payments of…

A: Rate of interest 5.60 % p. a.Monthly payment, PMT $881.65Downpaymsnt $1500

Q: How much interest will an account earn if you deposited $715 semi-annually for 11 years and the…

A:

Q: Carl is the beneficiary of a $29,000 trust fund set up for him by his grandparents. Under the terms…

A: Given ,  Present value (PV) = $29,000 Rate (r)= 3%  n = 4

Q: The owner of Oak Hill Squirrel deposits $2,000 at the end of each quarter into an account paying…

A: Given: Deposit Amount: $2000 Time to pay: Each Quarter Interest: 2.5% compounded quarterly. To find:…

Q: If $500 is deposited each quarter into an account paying 8% compounded quarterly for 3 years, find…

A: Compounded quarterly n=4

Q: Determine the amount owed if $5000 is borrowed for 4 years at 8.7% compounded quarterly.

A: If $5000 is borrowed at 8.7% compounded quarterly, we need to find the amount owed after 4 years.…

Q: $1,000 for 5 years at 3% compounded quarterly

A:

Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: Suppose that start of month payments of $376 are made to an investment that earns interest at the…

A:

Q: given the current interest rate of 6% compounded annually.find the present value of $10000 to paid…

A: Given Amount (A) = 10000 Interest rate (r) = 6 We know that A = P1+r100n , where n is the time For…

Q: Solve for Compound Interest and Amount.......6 month.....Principal $15,000........Rate…

A: The given principal amount at the rate  for months compounded semi-annually.The objective is to…

Q: A person pays $200,000 for a new house. A down payment of $70,000 leaves the mortgage of $130,000…

A: GivenDown payment =$70,000Mortgage p=$130,000Interest r=10% per year The monthly mortgage payment is…

Q: A person wishes to have $15,000 cash for a new car 5 years from now. How much should be placed in an…

A: