What is the effective rate of 12% compounded monthly? Show your complete solution.
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- Would you mind hsowing me how to find this answer here?What is the present value of $1,400 a year at a discount rate of 8 percent if the first payment is received 7 years from now and you receive a total of 25 annual payments? Could you please show how this can be solve by using Excel? Thank you.Suppose that you have good credit and can get a 30-year mortage for $100,000 at 5%. What is your monthly payment. After computing the monthly payment, create an amortization schedule for the first three payments of the problem.
- What effective annual rate can a bank earn on an APR of 10.5 percent, compounded monthly? Can the excel and calculator solution be provided?What is the value today of $1,500 per year, at a discount rate of 9 percent, if the first payment is received 9 years from now and the last payment is received 27 years from today? Give typing answer with explanation and conclusionPlease provide step by step manual solution and formula for below given problem. If money is worth 4%, what payment at the end of each quarter will replace payments of P500 monthly?
- Periodic payment is $1940, payment interval is 1 year, term is 5 years, interest rate is 4%, and conversion period is monthly. What is the future value? Can you solve this using excelIf I invested an amount of money compounded monthly for 10 years with a discount rate 8.53 %. What is the effective rate of EIR in percent? Use 6 decimal places in your solution and 2 decimal places in your final answer.Consider a credit card with a balance of $7000 and an APR of 12.5%. If you want to make monthly payments in order to pay off the balance in 11 year, what is the total amount you will pay? Round your answer to the nearest cent, if necessary.
- An annuity pays $200 at the end of each period for 10 periods. Set up the CFs in an Excel spreadsheet. The current value of this stream of CFs is $1,544. What is the implied discount rate? Solve the problem using the following approaches: a. Use trial and error or Goal Seek in Excel (tab Data/What-if-Analysis). b. Use the excel built-in function RATE.What is the present value of an investment that pays $190 at the end of year 1, $107 at the year of year 2, and $235 at the end of year 3 if this investment earns 5% annually? your answer should be to the nearest dollar. For example, if your answer is id=mce_marker50, then input as 150.You expect to have $179,681 in 19 months. You plan to make savings contributions of $X per month for 19 months. The expected return is 0.81 percent per month and the first regular savings contribution will be made in 1 month. What is X? Input instructions: Round your answer to the nearest dollar. $ 8675 x C raw Q Search > DO98969DANAAI C