uestion 5 Jack deposits $5000 in an account which pays 5 percent compounded quarterly. How much will he have in his account in fifteen years? O $10,535.9 O None of the listed items is correct. $6,024.1 O $10,394.6 O $93,395.9

Q: Olivia borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual…

A: Variables in the question:Loan amount=$4500Rate=12% (annually compounded)n=4

Q: how much would she owe at the end of the five years?

A: Present Value of amount borrowed = $1,000Interest rate = 5% compounded quarterly Time period = 5…

Q: Question 7 You deposit $200 each month into a retirement account earning 10% yearly interest…

A: Future annuity: It refers to the payments that are recurring in nature and due at a particular rate…

Q: George deposits $500 at the end of each quarter for 6 years, in an account paying 12 % compounded…

A: Annuity means a set of finite number of payments made in equal intervals of time for a certain…

Q: Marty took a $5000 loan from a financial institute at a rate of 6%, which should be repaid in two…

A: This is a case of compounding interest. Compound interest is calculated on principal plus…

Q: 3.4.37 At the time of her grandson's birth, a grandmother deposits $14,000 in an account that pays…

A: Compound Interest is the interest on a deposit or a loan calculated on the basis of both the initial…

Q: hn makes an Investment of 10900 into an account that pays Interest compounded annually. In addition,…

A: Future value of the money is the amount of deposit done and amount of interest accumulated over the…

Q: Eva opened a savings account with an initial deposit of $897. They then deposit $897 into that…

A: We need to use future value of annuity formula to calculate saving balance after 8 years. B(t)…

Q: Derek can deposit $266.00 per month for the next 10 years into an account at Bank A. The first…

A: ParticularsBank ABank BPeriodic Deposit,PMT $              266.00 $ 2,465.00Tenure,years1010Interest…

Q: Knowledge Check Question 3 Joe deposits $3000 into an account that pays simple interest at a rate of…

A: Time value of money is one of useful concept used in finance. It says that amount invested today…

Q: Using an interest rate of 8% compounded quarterly, in how many months from today should this payment…

A: First, we are going to discount every payment due to PV using the formula below: PV = CFn(1+r)nWhere…

Q: Joey invests $7,560 at 4 percent simple interest in a bank. Find the amount in the account after 9…

A: In order to find the amount in the account after a certain period using simple interest rate, we are…

Q: Mrs Smith invests R25 000,00 in an account earning 7,5% interest per year, compounded weekly. After…

A: given. r = 7.5% m=52 ( compounded weekly) pv = 25000 fv = 25000 x 2 = 50,000

Q: 3. Pam buys a $1000 CD (certificate of deposit) paying 4.1% annual interest com- pounded monthly.…

A: Initial investment (I) = $1,000Monthly interest rate (r) = 0.041/12Monthly period (n) = 48 (i.e. 4…

Q: man

A: Step 1 Answer:   For first 5 years, r= 10% compounded annually   For next 5 years, r= 12% compounded…

Q: Calculate the present value of this annuity.

A: Present value (PV) of growing annuity refers to an annuity which shows the current value of all the…

Q: 49 A businessman borrowed P310,000 with interest at the rate of 4.7% compounded semi-annually. He…

A: Information Provided: Amount borrowed = 310,000 Interest rate = 4.7% compounded semi-annually…

Q: Stephen received a 30 year loan of $225,000 to purchase a house. The interest rate on the loan 4.10%…

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Q: Yonnie lent 10,000 today each to Junel, JV and Jhom. Junel promised to make 8 payments of P…

A: Bi-monthly payment refers to the payment made every two months including the interest and the…

Q: On January 1, Daniel borrows $5100 with a fixed annual interest rate on the loan of 9% and a loan…

A: In monthly payments some portions goes toward interest and some portion goes towards payment of…

Q: beatrice invest 1350 $ in an account that pays 4 percent simple interest how much more could she…

A: Simple interest future balance and compound interest future balance are calculated using the…

Q: An annuity-immediate Jeremy purchases the annuity for $15,000. Calculate the nominal interest rate…

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A: The PV of an ordinary annuity is the value today of a series of equal payments made at the same…

Q: 3.2 Rudy buys a piece of land for N$1,100,000. He makes 20% down payment and for the balance he…

A: The amortization schedule shows the periodic loan payment owed for each period, the amount of…

Q: Derek currently has $11,998.00 in an account that pays 4.00%. He will withdraw $5,794.00 every other…

A: Savings Accounts is a deposit facility offered by commercial banks. It allows accountholder to…

Q: Andrew has an annuity that pays 4.4% annual interest compounded monthly and at the end of each month…

A: We need to calculate future value of annuity for the above question Formula: FV=PMTi(1+i)n-1 Where,…

Q: Rhea lent P 100,000 today each to Perlyn, Kat and Regine under the following terms. (4) Kat agreed…

A: As per the requirement of the question, only Question 4 is solved. Monthly payments refer to the…

Q: Karen Gaines invested $13,000 in a money market account with an interest rate of 1.75% compounded…

A: Solution: When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Amy invested 5,300 pesos in an account that pays an annual interest rate of 3.4%, compounded daily.…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: None

A: Step 1:  Identify the given values:P (annual deposit)r (annual interest rate)n (number of years)…

Q: Correct! Question 9 1/1 pts Rodriguez is purchasing a $22,000 car, which is to be paid for in 45…

A: Given:Amount purchase=Pv=$22,000Monthly installments=Pmt=$1617Up to 48 months The interest rate you…

Q: Suppose you borrowed $95,000 at a rate of 7.8% and must repay it in 5 equal installments at the end…

A:

Q: 5 years ago Mayra began depositing money into a bank account every quarter that earns 6% compounded…

A: When interest on interest is calculated and accumulated it is called compounding.

Q: 4. Beatrice invests $1,888 in an account that pays 6% simple interest. How much more could she have…

A: Compound interest describes the process of earning interest on both the principal invested or…

Q: Floyd borrowed $3600 for 2 years 3 months at 7% simple interest. Part 1 of 2 (a) How much interest…

A: Borrowed amount = $3,600Interest rate = 7%Number of years = 2 years 3 months or 2.25 years

Q: Questi Tom wishes to purchase a property that has been valued at $300,000. He has $30,000 available…

A: This is a question on mortgage amortization. We need to find the monthly mortgage payment on a loan.…

Q: None

A: Loan Repayment CalculationGiven:- Loan amount: $1,000,000- Loan term: 10 years- Interest rate: j =…

Q: Sandra deposits $3000 at the beginning of each semiannual period for 16 years at 8% interest…

A: Interest Rate -  The fees assessed to the borrower in exchange for the assets taken from the lenders…