Assignment 6

1. Calculate the simple interest rate when P= $3600 I= $160 and=4 months. Round to the Section nearest hundredth. 4 a. 13.33% b. 0.13% C. 1.11% d. 4.00% e. 4.44% 2. Calculate the simple interest due on a four-month loan of $900 if the interest rate is 2.270 per month. a. $79.20 b. $7,920.00 c. $237.60 d. $6.60 e. $979.20 3. The maturity value of a three-month loan of $2,500 is $2,577. Find the simple annual interest rate to the nearest hundredth. a. 12.32% b. 11.95% c. 3.70% d. 97.01% e. 3.08% 4. What interest will be earned if $4000 is invested for 4 years at an annual rate of 7% compounded monthly? a. 5,288.22 b. 4,094.15 c. 4,166.22 d. 5,120.00 e. 6,501.65 A = $26,000 r =9% 5. Calculate the present value when compounded quarterly, and 1= 30 years. Round to the nearest cent.

K Your bank is offering you an account that will pay 23% interest (an effective two-year rate) in total for a two-year deposit. Determine the equivalent discount rate for the following periods: a. Six months b. One year c. One month (Note: Be careful not to round any intermediate steps less than six decimal places.) a. Six months The equivalent discount rate for a period length of six months is%. (Round to two decimal places.)

5. A $200 loan is offered with an annual simple interest rate of 6 percent. How much would the borrower owe if the loan is repaid after two years? A. $200 B. $224 C. $224.72 D. $212

4. What is the simple interest to the nearest cent on a credit card balance of $1,150.00 at 11% interest for 3 months?

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

Problem -2-: You have taken a personal loan from Bank Muscat for 15,000 OMR and charged with an interest rate of 6% per year. The repayment is scheduled for annually to a period of 4 years. Fill in the missing numbers in the loan amortization schedule below: End of Year Payment Interest Principal Ending Balance 0 - - - 15,000 1 4,329.87 900 …. 11,570.13 2 …. …. 3,635.66 …. 3 …. 476.07 …. 4,080.67 4 …. …. 4,085.01 ≈ 00

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A bank offers a loan that will requires you to pay 8​% interest compounded semiannually. Which of the following is closest to the EAR charged by the​ bank?   A. 8.16​% Your answer is correct.   B. 9.79​%   C. 6.53​%   D. 16.32​%

Part a. Loan payments you borrow $100,000 over a period of 30 years at a fixed APR of 5.5% calculate the monthly payment Part b. Determine the total amount paid, then figure out what percentage is paid towards the principal and what percentage is paid for interest. Please solve part A and B they go together. I included an example problem

PROBLEMS 1. What is the annual rate of interest if P265 is earned in four months on an investment of P15,000? Ans. 5.3% 2. A loan of P2,000 is made for a period of 13 months, from January 1 to January 31 the following year, at a simple interest rate of 20%. What future amount is due at the end of the loan period? Ans. P2.433.33 3. If you borrow money from your friend with simple interest of 12%, find the present worth of P20,000, which is due at the end of nine months. Ans. P18.348.62

You would like to earn simple-interest $1 800 from a term deposit at 4.25% in 8 months. Calculate the principal you need to invest. Round your answer to the nearest dollar. O a. $72 605 O b. $63 529 O c. $77 775 O d. $67 818 O e. $56 471

Q. 7

17 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 Time Financial Goal ​$? at the end of each month 7.25​% compounded monthly 40 years ​$1,250,000     See the formulas and check what is the best one to use for this problem.   a.The periodic deposit is​$________. ​(Do not round until the final answer. Then round up to the nearest dollar as​ needed.)   b. $_______ of the ​$1,250,000 comes from deposits and ​$_________ comes from interest. ​(Use the answer from part​ (a) to find these answers. Round to the nearest dollar as​ needed.)

How many months will it take to pay off a credit card debt of $4,000 by paying $250 per month at an annual interest rate of 2%? O A. 15.1 B. 16.2 OC. 17.8 O D. 12.7

If you give me wrong answer, I will give you UN helpful rate

Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from​ interest?   A=P(1+r)t−1r    A=P1+rnnt−1rn    P=Arn1+rnnt−1 Periodic​ Deposit: $? at the end of each month ​Rate: 7.5% compounded monthly ​Time: 3 years Financial​ Goal: 34,000

Need help

18.Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary. Principal Rate (%) Time Interest $7,100 10.4                   days $225 Days?

I7 The bank is offering to sell 6-month certificates of deposit for $9800. At the end of 6 months, the bank will pay $10,000 to the certificate owner. Compute the nominal annual interest rate can you explain how we get the value m=2 in the nominal annual interest rate i=r/m

So.2

You are able to make a current deposit in the amount of $21,605.49. The expected discount rate is 9.6%. Interest is earned on an annual basis. The time period is 10 years. What is the size of the annual withdrawal possible under these circumstances? a. $2,160.54 b. $3465.00 c. $3,456.00 d. $4,356.00

Exercise 4. Simple Interest. Calculate the amount of money you will have in the following account after 5 years, assuming that you earn simple interest You deposit $700 in an account with an annual interest rate of 4% Exercise 5. Compound Interest. Use the compound interest formula to compute the balance in the following accounts after the sd period of time, assuming interest is compounded annually: $10.000 is invested at an APR of 4% for 10 years. Ộ1 = P x (1+ APR %3D

4. Calculate the effective annual rate of a loan that charges 1.2% per month. Select one: A. 15.4% B. 14.4% C. 16.4% D. 15.0%

Time. Deposit borrowing Rate. Rate 3 month. 4%. 4.2 6 month. 4.60%. 4.9 9 month. 5.2. 5.4 12 month. 5.5. 5.8 An MNC company would deposit $45mil in 3 month for 3 month . The company decide to enter FRA Agreement Part 1: 1. Calculate the forward deposit rate, that they can agree on with the financial institution. 2. Three month later the rate on 3 month saving turn out to be 5.1% I. What do we call this rate II. How much did the company profit /loss Part two: suppose the company decide to buy a EuroDollar cont 1. What is the Eurodollar contrace? How many contract should MNC buy? Explain 2. What is the quoted price of this contract? 3. What is the quoted price of this contract after 3 month ? 4. How many pips (base point) did the rate move? 5. How much is the profit or the loss of the company ?

Time. Deposit borrowing Rate. Rate 3 month. 4%. 4.2 6 month. 4.60%. 4.9 9 month. 5.2. 5.4 12 month. 5.5. 5.8 An MNC company would deposit $45mil in 3 month for 3 month . The company decide to enter FRA Agreement Part 1: 1. Calculate the forward deposit rate, that they can agree on with the financial institution. 2. Three month later the rate on 3 month saving turn out to be 5.1% I. What do we call this rate II. How much did the company profit /loss

Problem #7: You deposit P dollars into an account that earns a nominal rate of i compounded semiannually. At the same time, you deposit 2.2P dollars into an account that earns simple interest at an annual rate of i. If both deposits earn the same amount of interest in the last 6 months of year 8, what is a Problem #7: Answer as a percentage, correct to 2 decimals.

Sub-questions D and E, thank you!

ics 3 parts (6-8) Calculate the yearly effective interest rate if an investment is paid 2% interest every two months. Answer: 12.61% stornerb.olbaig. An Calculate the number of interest perioda 128.16 Lange. voor if the yearly interest rate is 15%