You decide to buy a TV set for $800 and agree to pay for it with 18 equal monthly payments at 1.5%  interest per month on the unpaid balance. How much are your payments? ($51.05) What is the total  interest paid? ($118.90)

Q: 3) For an effective interest rate of 3% quarterly, calculate the nominal semiannual if i= 3% 4…

A:

Q: The nominal interest rate is 8% compounded semiannually. What amount will need to be deposited every…

A: Cash flow:The sum of the total money is represented in the diagram. It represents the magnitude and…

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Given: The interest rate is = 11% compounded quarterly The amount at 4th quarter is = $1,200 The…

Q: At an interest rate of 10% compounded continuously, how will be a deposit of P15,000 be in 15 years.…

A: Here we calculate amount will be deposit with continuous compound , so calculation as follow-

Q: If the sum of P12,000.00 is deposited in an account earning interest at the rate of 9% compounded…

A: Given that, Present value (P) = 12,000 Rate of interest (r) = 9% or 0.09 Number of years (t) = 8

Q: What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts…

A: Cash flow diagrams are useful for assessing the profitability and financial viability of projects or…

Q: Topic: Annuities 1. A man paid 10% down payment of ₱200,000.00 for a house and lot and agreed to…

A: We are going to use Present Value of money concept to answer this question.   Note: As per the…

Q: How many months will it take to pay off a $525 debt, with monthly payments of $15 at the end of each…

A: Mortgage installments are regular payments made by borrowers to lenders to repay a mortgage loan.…

Q: A child’s grandparents have opened a ₱586702 savings account for the child on the day of her birth.…

A: It is given in the question that, Principal amount(P)=5,86,702. Interest rate(i)=1.7% or 0.017…

Q: what is the future of P600 deposited at the end of every month for 4 years if the interest rate is…

A: *SOLUTION :-

Q: Find the nominal rate which if compounded quarterly is equivalent to 6.5% compounded semi-annually.…

A: Nominal Annual Rate: The nominal annual rate is the yearly interest rate without the impact of…

Q: 6. If money is worth 4% compounded monthly, what payment at the end of each quarter will replace…

A: Hi! Thanks for the question but as per the guidelines, we answer only one question at one time.…

Q: Find the nominal rate compounded semi-annually which is equivalent to 16% compounded monthly. What…

A: Given: Interest Rate (r): 16% Compounding (m) per period: 12 New Compounding (q) per period: 2

Q: What is the difference between the present worth of annuity due and ordinary annuity having the…

A: Ordinary annuities are those that require or make a payment at the conclusion of each period.…

Q: Find the total amount after the investment period in semi-annual payments of 1000 pesos if the first…

A: In economics, the present value refers to the current value of a future stream of cash flow. Future…

Q: What is the accumulated amount of a 8-year annuity paying ₱ 1,067 at the end of each year, with…

A:

Q: 200,000 was deposited at an interest rate of 24% compounded semi-annually. After how many years will…

A: Compound interest is the addition of interest which is being made to the principal sum of a deposit…

Q: You are considering the purchase of a condominium to use as a rental property. You estimate that you…

A: The money collected in lieu of renting out or leasing the property is referred to as rental income.…

Q: The nominal interest rate is 14% compounded semiannually. What amount will need to be deposited…

A: Cash flow:The sum of the total money is represented in the diagram. It represents the magnitude and…

Q: Q2. Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first…

A: Compounding basically refers to an asset's ability that can generate returns that are then…

Q: You have a student loan with a 10% APR, compounded monthly, and a $27,000 balance. You plan to pay…

A: Nominal interest rate =10%. per year compounded monthly.Loan balance (P) =$27,000Total number of…

Q: How much would you have to deposit now, so that you can withdraw of $10000 starting at the end of…

A: Given, $10,000 per withdrawal beginning at the conclusion of Year 5 After year 8, withdrawals will…

Q: If you borrowed $32,000 for 72 months at 16.5% with an add-on loan, what would be your monthly…

A: Principal Amount ((P)) = $32,000- Annual Interest Rate ((r)) = 16.5%- The loan term ((t)) is 72…

Q: You plan to retire in 30 years and plan to contribute the same amount of money each year to your…

A: The annual withdrawal in the post-retirement period is $100,000. This continues for 20 years and…

Q: Aurora wants to give her daughter Mara a financial gift on the latter’s college graduation two years…

A:

Q: You want to borrow $25,253. You must repay the loan in 14 years in equal monthly payments and a…

A: To solve this problem, we can use the formula for calculating the monthly payment on a loan with…

Q: What is the nominal interest rate in continuous compounding that is equivalent to an effective…

A: Considering the period of compounding and also the base (nominal) rate of interest, it is possible…

Q: 37. Calculate the payment (P) 10 years from now that is equivalent to a payment of P2000 five years…

A: Given payment in 5 years from now = 2000 P Interest rate = 12 % compounded quarterly Quarterly rate…

Q: What is the accumulated amount of a 10-year annuity paying ₱ 1,744 at the end of each year, with…

A: Given information: Time, n = 10 years Annuity = 1744 Interest amount, r = 4%

Q: A $100,000 mortgage at 4.9% compounded semiannually with a 30-year amortization requires monthly…

A: Mortgage amount = $100,000 Interest rate = 4.9% compounded semiannually Time period = 30-year…

Q: 1 (1+r)" 3. Present Value: P = FV- or P = F(1+i) -n a) Find the present value of P8,000 due in four…

A: Since you have posted multiple subparts, as per the guidelines we can solve only the first 2 parts…

Q: At a certain interest rate compounded quarterly, P1T will amount to $5T in 10 years. What is the…

A: Given  Present value P=$1T Future value F= $5T Time = 10 years We have to calculate the rate of…

Q: A 20-yr loan is being negotiated with a savings and loan company. $50,000 is to be borrowed at 8%…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: A lender requires that monthly mortgage payments be no more than one-third of gross monthly income,…

A: Given- Order Purchase = $420,000 Make a down payment = 20%  so  $420,000 x 20/ 100 =  $84000…

Q: Jaymarc wants to surprise his family through buying a brand new car. He plans to pay it indefinitely…

A: The price of the car when paid in cash is 2,300,050. This represents the present value of the car.…

Q: Find the nominal rate compounded monthly which is equivalent 14% compounded quarterly.

A: The compounded quarterly rate can be first converted to a yearly rate and then can be divided…

Q: what is the present worth of a 3 years annuity paying P3,000 at the end of each year, with interest…

A: An annuity is a fixed amount of cash that you will get every year until the end of your life.

Q: A person needs $19,000 immediately as a down payment on a new home. Suppose that she can borrow this…

A: Compounding in economics refers to the process of earning interest on both the principal amount…

Q: A person needs $17,700 immediately as a down payment on a new home. Suppose that she can borrow this…

A: The practice of earning income on an investment over a typical amount of time is known as…

Q: Assume that a 24-month CD purchased for $3000 pays an APY of 4.25% (and of course interest is…

A: I have assumed that it is compounded monthly.  number of compounding periods: nlength of time: 2 (…

Q: Five annual deposits of P2,300 were made at the beginning of each year in an account that pays 7%…

A: Given: Annual payment (PMT) = P2,300 Time (n) = 5 years Interest rate (i) = 7% compounding…