Q: A 20-year mortgage set up for uniform monthly payments with 6 percent interest compounded monthly is…
A: Answer in step 2.
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A: Given, FV = $300,000 Rate = 10% Time = 30 year
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A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
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A: Formula for compound interest is A = P(1=r/n)^(tn) Where n is the compounding frequency P is the…
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A: Given: The future value is = $5,000 Years = At the end of 6 months The rate of interest is = 10%…
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A: Compound Interest refers to the addition of interest to the principal sum of a deposit/loan, or in…
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A: * SOLUTION :- (5)
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A: a.) The number of loans from now can be calculated as follows: Thus, the present worth of an…
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A: The interest charged on a loan or deposit is known as compound interest. This is the most often…
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A: Given the borrowed money = 5000 The interest rate in case of a loan from a friend = 18% The interest…
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A: Effective annual interest rate formula: reff = (1 + r /n)n - 1 Where refff is an effective interest…
Q: 2. What is the future worth of #10,000 invested every month for five years at 8% interest rate…
A:
Q: Assuming an interest rate of 8% compounded annually, how much money will be required in four years…
A: A = P(1+r)n where P is principal amountr is interest rate n is time period
Q: A series fequal quarterly payments of $5,000 for 10 ears is equivalent to what present amount t an…
A: here we calculate the given by following method as follow;
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A: Answer to the question is as follows:
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A: Given interest rate = 9 % compounded quarterly quarterly rate = 9/4 = 2.25 % effective interest rate…
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A: Given the quarterly payment = 5811 Interest rate = 2%/4 = 0.5% Number of compounding period = 10
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A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
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A: Present value: It means the current value of the future sum of money for a specific rate of return.
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A: Given: Amount (A)=$20000 Interest rate (r)=6% compounded continuously Number of years (t)=10
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A: Given information: Time, n = 10 years Annuity = 1744 Interest amount, r = 4%
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A: In economics, present value refers to the current value of a future stream of cash flow. The future…
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A: Given:Value of first deposit=PW=$5000rate of deposit increase=g=4%rate of interest (compounded…
Q: Accumulate P3, 000 for 9 years at 6% compounded quarterly? What is the compound interest earned?
A: P = P3,000 n= 4 (because it is compounded quarterly) t = 9 r = 6% = 0.06 A = P(1+r/n)nt = 3000 x…
Q: e interest rate on an account is 11.5% compounded yearly, approximately how many years will it take…
A: The formula is used to calculate the number of years : Here "A" is the amount in the account after…
Q: 8 years ago, a man borrowed P 150,000 from a bank with an interest rate of 8% compounded quarterly…
A: Given Borrowed amount = 150000 Time = 8 years Interest rate = 8 % compounded quarterly Present value…
Q: Accumulate $ 300 for nine years at 6% compounded quarterly. What is the compound interest earned?
A: Given information: Principal amount (P): $300 Interest rate (r): 6% Time period (t): 9 Compounding…
Q: 4. Calculate the present value of $8,000 duc in 4 years if interest is compounded annually at 3%.
A: Present value states that an amount of money today is worth more than the same amount in the future.…
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A: Present value, P= 10000 n= number of times in a year it is compounded = 12 months t= number of years…
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A: Given information, Annuity (A): ₱ 76,990 Interest rate (i): 3% Time period (N): 8 (8 equal…
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A: Let r be the annual nominal rate of interest compounded annually. Therefore, APY=1+rnn-1 And APY of…
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A: a) Given data: Nominal interest rate i=5% Compounded semi annually.
Q: Without using excel: What is the present equivalent of a uniform series of quarterly payments of…
A: Given Interest rate = 8 % compounded bimonthly Bimonthly rate = 8 / 6 = 1.33 % Quarterly rate = (1 +…
Q: Lia wishes to have $3000 after 3 years in an account that draws 6% nominal interest compounded…
A: In this question we have to find out the principal value with the help of the above information.
Q: What rate of interest (in %) compounded annually is required to triple an investment in 5 years?…
A: The interest charged on a loan or deposit is known as compound interest. It is the idea that we…
Q: 42. Find the equivalent rate of interest of 9% compounded quarterly to an interest rate compounded…
A: Given interest rate = 9 % compounded quarterly Quarterly rate = 9 % / 4 = 2.25 % Annual effective…
Q: How long would it take an investment to triple if the interest rate is 6% compounded annually?
A: Answer Given in the question - Interest rate = 6% = 0.06 Need to find - Time for investment to…
Q: If $800 is deposited in a savings account at the beginning of each year for 12 years and the account…
A:
Q: What is the effective interest rate for a. 15% compounded quarterly? b. 18% compounded…
A: Effective Interest rate = (1+rn)n -1where r is interest rate and n is time period.
Q: What equal monthly payments will repay an original loan of $10,000 in six months at a rate of 6%…
A: P= $10000 n=6 r=6%
Q: A trust will pay you $50,000 per year for 30 years starting 1 year from now. Assuming an interest…
A: Cash flow is the movement of money in and out of a company. Cash received signifies inflows, and…
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A: The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real…
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A: In economic and financial transactions, an individual will always prefer an alternative that gives…
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A:
Would you rather have $1,000 today or $1,250 in 3 years at a 8% annual interest rate compounded annually?
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- At 10% compounded annually, how long will it take for money to double itself?Does the compounding increases the amount of interest paid over a year atthe same nominal interest rate?To have a total of $10,000 after 8 years, what principal do you have to deposit in a 4.5 percent saving account compounded monthly?
- You can afford a $1500 per month mortgage payment. You've found a 30 year loan at 7% interest compounded monthly.a) How big of a loan can you afford?$b) How much total money will you pay the loan company?$c) How much of that money is interest?$You deposit $200 each month into an account earning 5% interest compounded monthly. a) How much will you have in the account in 15 years? $ b) How much total money will you put into the account? $ c) How much total interest will you earn? $You want to buy a $32,000 car. You can finance the car for 1.5% interest for 6 years. What is your monthly payment? Assume monthly compounding. Do not enter the negative sign from your calculator (if there is one) or the dollar sign. Round to two decimal places.
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