FIN 510 - Week 3 - Quiz

JG Asset Services is recommending that you invest $1,050 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?   a. $1,247.07     b. $1,274.67     c. $1,283.87     d. $1,265.47     e. $1,256.27

hello need answer with given option

which one is correct please confirm? QUESTION 29 If you invest $10,000 in a 4-year certificate of deposit (CD) paying 10 percent interest compounded annually, determine how much the CD will be worth at the end of 4 years.   a. $15,958   b. $45,730   c. $13,600   d. $14,640

Help please

Problem #2: Installment Note Preferred Corporation purchases an asset and finances it with a note payable. Information regarding the transaction follows: YOU WILL NEED THE KIESO PRESENT VALUE TABLES FOR THIS PROBLEM. Cost of asset 450,000 450,000 12% 2 years 4 times per year Amount Financed Annual Interest Rate Installment loan term Payments are made USE PROBLEM #2 TO ANSWER QUESTIONS 8 THRU 10 BELOW 8.) Calculate the periodic payment on the note payable. 9.) What is the total amount of interest that will be paid on the note payable over the two year period? 10.) If the company wishes to get the loan paid off in ONE year instead what will the new quarterly payments be?

QUESTION 14 You purchase a home priced at 1,750,000 Php. You paid 10% as the down payment and the remaining balance under a bank amortization plan to be paid in 8 years. At an effective quarterly interest rate of 1.5%, How much interest will you pay in the 2nd year Solve on the white paper or typed.  Not explain in the excel.

Suppose you have $2,300 and plan to purchase a 10-year certificate of deposit (CD) that pays 10.4% interest, compounded annually. How much will you have when the CD matures? a. $2,539.20 O b. $6,896.80 O c. $6,186.12 O d. $6,339.32 e. $5,603.37 O

QUESTION 14 You purchase a home priced at 1,750,000 Php. You paid 10% as the down payment and the remaining balance under a bank amortization plan to be paid in 8 years. At an effective quarterly interest rate of 1.5%, How much interest will you pay in the 2nd year Solve on white paper or typed. Not in excel

create your own amortization schedule based upon the information

a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $? at the end of each year iClick the icon to view some finance formulas. Rate 3% compounded annually Time 16 years Financial Goal $120,000

Q2: Being a senior citizen you decide to invest $200,000 say for period 24 months, then describe what is the value you would expect to receive? Deposit rate (recurring deposit) available for various periods is given below. (CLO2) Recurring Deposit (RD) (7) Senior Tenure Citizen (i %) 6 months 3.50% 12 months 7.75% 18 months 7.75% 7.90% Page 1 of 2 24 months

37-On 1st July 2020 Bashir purchase a machine for RO 15,000. The terms of purchase was 20% cash and the balance to be paid in monthly instalments of RO 500. What amount of the loan will be disclosed under current liabilities in the balance sheet on 31 Dec 2020? a. RO 7,000 b. RO 6,000 c. RO 5,000 d. RO 3,000

Subject: acounting

You can earn $ 44   in interest on a $ 1 comma 000   deposit for eight months. If the EAR is the same regardless of the length of the​ investment, how much interest will you earn on a $ 1 comma 000   deposit​ for: a. 3   months. b. 1 year. c. 1.9   years.       Question content area bottom Part 1 a. 3 ​-months.   For a 3 ​-month, $ 1 comma 000   deposit you will earn ​$enter your response here . ​(Round to the nearest​ cent). Part 2 b. ​1-year.   For a​ 1-year, $ 1 comma 000   deposit you will earn ​$enter your response here . ​(Round to the nearest​ cent). Part 3 c. 1.9 ​-years.   For a 1.9 ​-year, $ 1 comma 000   deposit you will earn ​$enter your response here . ​(Round to the nearest​ cent).

Your bank offers to lend you $120, 000 at an 8.25% annual interest rate to start your new business. The terms require you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying in Year 2? a. $5,904.06. b. $8,487.08 0 c. $6,642.06• d. $7,011.07. e. $9224.68

Vijay

a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate $? at the end of each month 5.5% compounded monthly Click the icon to view some finance formulas. Time 11 years b. $ of the $200,000 comes from deposits and (Use the answer from part (a) to find these answers. Financial Goal $200,000 a. The periodic deposit is S (Do not round until the final answer. Then round up to the nearest dollar as needed.) 2 comes from interest. Round to the nearest dollar as needed.)

Calculate the amount of interest to be paid on a $50,000 loan over the next 28 months if money earns 8.6% p.a simple interest. Select one: O a. $120,400 O b. $10,033.34 c. $836.12

question on the pic

uiz grades are automatically generated after completion of the quiz. D Question 1 You want to take out a fully-amortizing 30-year mortgage. You can afford monthly payments of $800 each. The interest rate is 6%. How much money can you borrow? O $11,012 O $134.100 O $133,433 O $288,000

Consider a loan of $8,000 charging interest at j12-6% with monthly payments of $321.50 Calculate the missing amounts in the amortization table. Place the value for A in the first answer box, B in the second and C in the third. PMT Interest Principall Balance 8,000.00 1321.50 40.00 281.50 7,718.50 2 321.50 A C

Delmar company purchase a building on January 1 by signing a long-term $3,300,000 mortgage with monthly payments of $30,800. The mortgage carries an interest rate of 10%. What will be the amount owed on the mortgage after the first payment? A. $3,300,000 B. $3,296,700 C. $3,269,200 D. $3,272,500

Time Value of Money: BasicsUsing the equations and tables in Appendix 12A of this chapter, determine the answers to each of the following independent situations: Round all answers to the nearest whole number. a. The future value in two years of $11,500 invested today in a certificate of deposit with interest compounded annually at 10 percent.   $Answer  b. The present value of $13,000 to be received in five years, discounted at 8 percent.   $Answer c. The present value of an annuity of $26,500 per year for four years discounted at 12 percent.   $Answer d. An initial investment of $48,220 is to be returned in six equal annual payments. Determine the amount of each payment if the interest rate is 16 percent.  $Answer e. A proposed investment will provide cash flows of $13,000, $16,000 and $14,000 at the end of Years 1, 2, and 3, respectively. Using a discount rate of 16 percent, determine the present value of these cash flows.    Present Value Year 1 Answer Year 2 Answer Year…

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