What lump-sum deposit is necessary to equal this amount if you assume an interest rate of 3.5% compounded annually?

Q: Use the monthly payment formula to answer the question. Round your answer to two decimal places, if…

A: Purchase Price = $648,000Down Payment rate = 10%Compound = monthly = 12Interest rate = r = 7.92 / 12…

Q: (Annuity interest rate) You've been offered a loan of $25,000, which you will have to repay in 5…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

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

A: Annuity refers to the contract that is made between the insurer and the insurance company for making…

Q: Need Help? Submit Answer $100 Read It Watch It monthly 6% 7 yr

A: Monthly deposit=$100Interest rate is 6%Period is 7 yearsCompounding monthly.

Q: Find the future value of the following ordinary annuity. Payments are made and interest is…

A: STEP 1 When assuming a specific rate of return, or discount rate, the future value of an annuity is…

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

A: Amount of deposit = 250Interest rate= 3%Time =20 yearsTo find: The value of the annuity at the end…

Q: ect of the term on simple interest amortized auto loans by finding the monthly payment and the total…

A: Monthly Payment = Total Loan Amount / (Term in years * 12)Total Interest = (Total Loan Amount *…

Q: Consider a home mortgage of $125,000 at a fixed APR of 12% for 30 years. a. Calculate the monthly…

A: Payment per period can be calculated using PMT function in excel.   PMT(rate, nper, pv, [fv],…

Q: An annuity pays $1700 weekly for 5 years and then $3900 weekly for the next 8 years. Determine the…

A: Discounted value is the present value of the annuity for the years. Annuity payments are discounted…

Q: An insurance policy provides a benefit of $21,500 twenty two years from now. Alternatively, the…

A: Amount to received after 22 years 21,500 Payment per year is $590

Q: The following loan is a simple interest amortized loan with monthly payments. $5000, 7 1/2%, 4…

A: Answer: Principal balance = $ 5000 rate = 7.5% time = 4 years

Q: Consider a home mortgage of $225,000 at a fixed APR of 4.5% for 30 years. a. Calculate the monthly…

A: Mortgage type of loan is backed by some collateral  security against the loan. It is a secured loan.…

Q: nd the interest rates earned on each of the following. Round your answers to the nearest whole…

A: Interest is the amount paid above the amount and is profit earned on the initial investment made.

Q: Find the NPV and PI of an annuity that pays $500 per year for eight years and costs $2,500. Assume a…

A: 1.NPV means Net present value.It is calculated as follows:-NPV = Present value of cash inflows -…

Q: A 6-year term insurance policy has an annual premium of $500, and at the end of 6 years, all…

A: Given: Number of years "n" = 6 Annual Premium "PMT" = $500 Interest rate = 2.5% compounded annually…

Q: Find the monthly payment needed to amortize a typical $220,000 mortgage loan amortized over 30 years…

A: COMPOUNDED MONTHLY RATE (5.3%/12) 0.441667% YEARS  (12*30) 360 PRESENT VALUE $220,000…

Q: Consider a home mortgage of $200,000 at a fixed APR of 3% for 25 years. a. Calculate the monthly…

A: The series of payments discussed above is an annuity wherein an equal payment is made every month.

Q: epay a loan over five years with the following stream of cash payments: $1,000; $1,100; $1,250;…

A: Annuity is one uniform constant payments to be received or to be paid over the period of payments,

Q: Compute and compare the following interests situations if you deposit $2500 into an account with…

A: When we make an investment or deposit money in a bank our invested amount grows. This is because…

Q: You wish to make 4 equal annual deposits into a savings account such that at the time of your last…

A:

Q: (Components of an annuity payment) You take out a 20-year mortgage for $275,000 to buy a new house.…

A: Amortization of loan refers to the systematic repayment of a loan. An equal installment is paid…

Q: You have your choice of two investment accounts. Investment A is a 7-year annuity that features…

A: The time value of money technique explains the concept that the rupee received today is worth more…

Q: you have just borrowed $51,107 at an annual interest of 7.6% and must repay the loan in equal…

A: Given:

Q: Consider a home mortgage of $125,000 at a fixed APR of 4.5% for 25 years. a. Calculate the monthly…

A: Monthly Mortgage Payment The monthly mortgage payment is the repayment of a mortgage loan by paying…

Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $165…

A: Monthly payment = $165Interest =7%Number of years = 11 years

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.