Homework Answers
Rate semiannually =9%/2 =4.50%
Number if Periods =9*2 =18
PMT =1200
Value of annuity at end of 2 years =PMT*((1-(1+r)^-n)/r)
=1200*((1-(1+4.5%)^-18)/4.5%) =14591.9902
Value of deposit today =14591.9902/(1+4.50%)^4 =12236.28
Add Answer to:
/section/7473/assignment/14090 Mandeep Question 7 of 13 If an account that pays intertest at 9.0% compounded semi-annually,...
Question 2 of 13 If an account that pays intertest at 8.0% compounded semi-annually, how much...
Question 2 of 13 If an account that pays intertest at 8.0% compounded semi-annually, how much should you deposit today to pay yourself $1,200 every six months for 8 years if the first withdraw is deferred for 3 years and six months?
4 of 13 A loan of $24,100 at 3.28% compounded semi-annually is to be repaid with...
4 of 13 A loan of $24,100 at 3.28% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 4 years. a. Calculate the size of the periodic payment. Round to the nearest cent h Caleulata tha tatalintanant naid a. Calculate the size of the periodic payment. Round to the nearest cent b. Calculate the total interest paid. Round to the nearest cent
Sophie received a $32,750 loan from a bank that was charging interest at 4.50% compounded semi-annually....
Sophie received a $32,750 loan from a bank that was charging interest at 4.50% compounded semi-annually. a. How much does she need to pay at the end of every 6 months to settle the loan in 4 years? Round to the nearest cent b. What was the amount of interest charged on the loan over the 4-year period? Round to the nearest cent
section/7473/assignment/14090 Manded Question 9 of 13 Lush Gardens bought a new truck for $74,000. It paid...
section/7473/assignment/14090 Manded Question 9 of 13 Lush Gardens bought a new truck for $74,000. It paid $9,000 as a down payment and financed the balance at 4.50% compounded monthly. If the company makes payments of $1,575 at the end of every month, how long will it take to pay off the loan? 0 year(s) + month(s) Round up to the next payment period. Give your answer in years and months. Next Question
You invest $1000 in an account that pays a rate of 5%, compounded semi-annually. How much would...
You invest $1000 in an account that pays a rate of 5%, compounded semi-annually. How much would you have after 2 years if you leave the funds on deposit? You should provide all the calculation process and formulas.
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
Question 2 of 7 Andrew purchased an annuity that had an interest rate of 3.00% compounded...
Question 2 of 7 Andrew purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided him with payments of $3,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it? Round to the nearest cent Next Question
A student puts $10,000 in a savings account that pays 16% annual interest, compounded semi-annually and...
A student puts $10,000 in a savings account that pays 16% annual interest, compounded semi-annually and quarterly. Round to the nearest cents. a) How much money will the student have at the end of 5 years? Ending Value: $ b) How much interest will the student have earned in 5 years? Interest Earned: $ c)What is the effective yield (APY)? APY: %, (written as percent, round to the two decimal place as needed)
collegelink//course resource/section/7470/assignment/14040 5 Arpandeep Kaur K n 4 (3) n 5 (2) -n 6(1) en 7...
collegelink//course resource/section/7470/assignment/14040 5 Arpandeep Kaur K n 4 (3) n 5 (2) -n 6(1) en 7 (2) Question 11 of 13 How much more would you need to deposit at the end of every month to accumulate $288,500 over 22 years if the interest rate earned is 5.5% compounded annually instead of 5.5% compounded monthly? on 8 (1) on 9 (2) On 10 (1) on 11 (1) on 12 (1) on 13 (1) Round to the nearest cent Next Question...
Peter plans to save $1.250 every six months for the next three years; he expects to...
Peter plans to save $1.250 every six months for the next three years; he expects to deposit the money in a bank that pays a rate of 6.8%, compounded semi-annually. How much money will he have in three years? Answer: 8167.15 Next page Assignment #3 Jump to MAT 1060 Chapter 11
Question 2 of 13 If an account that pays intertest at 8.0% compounded semi-annually, how much should you deposit today to pay yourself $1,200 every six months for 8 years if the first withdraw is deferred for 3 years and six months?
4 of 13 A loan of $24,100 at 3.28% compounded semi-annually is to be repaid with payments at the end of every 6 months. The loan was settled in 4 years. a. Calculate the size of the periodic payment. Round to the nearest cent h Caleulata tha tatalintanant naid a. Calculate the size of the periodic payment. Round to the nearest cent b. Calculate the total interest paid. Round to the nearest cent
section/7473/assignment/14090 Manded Question 9 of 13 Lush Gardens bought a new truck for $74,000. It paid $9,000 as a down payment and financed the balance at 4.50% compounded monthly. If the company makes payments of $1,575 at the end of every month, how long will it take to pay off the loan? 0 year(s) + month(s) Round up to the next payment period. Give your answer in years and months. Next Question
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
Question 2 of 7 Andrew purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided him with payments of $3,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it? Round to the nearest cent Next Question
collegelink//course resource/section/7470/assignment/14040 5 Arpandeep Kaur K n 4 (3) n 5 (2) -n 6(1) en 7 (2) Question 11 of 13 How much more would you need to deposit at the end of every month to accumulate $288,500 over 22 years if the interest rate earned is 5.5% compounded annually instead of 5.5% compounded monthly? on 8 (1) on 9 (2) On 10 (1) on 11 (1) on 12 (1) on 13 (1) Round to the nearest cent Next Question...
Peter plans to save $1.250 every six months for the next three years; he expects to deposit the money in a bank that pays a rate of 6.8%, compounded semi-annually. How much money will he have in three years? Answer: 8167.15 Next page Assignment #3 Jump to MAT 1060 Chapter 11
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago