Under certain conditions, Swiss banks pay negative interest-they charge you. (You didn't think all that secrecy was free?) Suppose a bank "pays" -2.5% interest compounded annually. Find the compound amount for a deposit of $250,000 after 9 years. The compound amount after 9 years is $◻️ …….. Find the periodic payment which will amount to a sum of $10000 if an interest rate 5% is compounded annuallv at the end of 19 consecutive vears. The periodic payment is $

Q: ​Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,492 is…

A: Given:More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,492 is deposited…

Q: suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

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Q: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After…

A: we know the formula of future value  FV=PMT(1+i)n-1i where PMT - perodic payment  i - discount rate…

Q: You want to buy a new car. You can afford payments of $475 per month and can borrow the money at an…

A: Given information Payment=$475 per month Interest rate r=6.7% Since, interest id compounded monthly…

Q: 6.) What interest rate compounded monthly would you need if you invested $15,000 today and needed to…

A: Formula At=p1+rnnt⇒n=compounded period⇒p=initial amount⇒At=Amount at time t ⇒t=time in years⇒r=rate…

Q: A loan of 51000 dollars at 7.8 percent interest compounded annually is amortized with 11 equal…

A: We will find out the required value of equal size of payment.

Q: A company plans to purchase a large piece of machinery with $2401 semi-annual payments for 23…

A: Given:- Semi-annual payment of machinery =$2401             semi-annual payments for time =23 months…

Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: You want to buy a $19,000 car. The company is offering a 2.5% annual interest rate, compounded…

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Q: Suppose you invest $1000 at 10% interest compounded every year. a) how long will it be until your…

A: Given that, P=$1000, A=$3000 and r=0.10.

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

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Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

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Q: A company plans to purchase a large piece of machinery with $5385 semi-annual payments for 41…

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Q: Acme Annuities recently offered an annuity that pays 7.5% compounded monthly. What equal monthly…

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Q: You expect to retire in 30 years. After you retire, you want to be able to withdraw $4,500 from your…

A: Given: PMT=$4,500, Rate=4%, Total number of months=15×12=180To find: Amount of deposit per month…

Q: You are considering taking out a loan of $8,000.00 that will be paid back over 11 years with every 2…

A: Use the following formula to calculate the amount A on principal P when the annual rate of interest…

Q: Suppose

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Q: A personal account earmarked as a retirement supplement contains $242,100. Suppose $200,000 is used…

A: Let A be the amount  used to establish annuity R is the amount paid at the end of each quarter r be…