1. A Student buys a car for $26,000 with $2000 down payment. He pays the balance in 48 equal monthly payments with an interest rate of 6% per annum compounded monthly. What is his monthly loan payment?
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- 2.d What is the annual interest rate on a $1,000 loan which allinterest is paid at the end of the year, and a total of $1,125 mustbe repaid at the end of the year? include a cash flowA doctor invested his money at 12 % per annum, net of taxes , compounded semi - annually after how many years will his money doubled?Answer both part 1 &2 i will rate PART A: Ahmed make an annual contribution of $3,000 to his savings account at the end ofeach month for 10 months. If the account earns 7% interest monthly, how much can be atthe end?PART B:Ahmed buy a gold for $2000 and sell it for $2500. it takes 7 years, what would bethe compound annual rate of return on your investment?
- A child is promised to be given by his mother Ᵽ 5000.00 7.5 years from today. The interest rate is 7.25%. What is the present value of the amount? What is the present value of a 15 year investment amounting to Ᵽ 45,670 if the prevailing interest is 2.5%? Based on Item No. 2 compute for the present value of Ᵽ 45,670 in 20, 22 and 25 years if the interest rates are 5.5%, 6.8% and 9.80% respectively.1. Compute the present worth at time zero of deposits of $1,000 a year for 10 years with nominal interest of 18.23% for: a) End-of-year deposits and continuous interest. b) Continuous-through-the-year deposits and continuous interestwhat is the present value of a loan when a monthly payment of ₱3,250 is needed to extinguish for 3.5 years at 17.5% interest?
- 11. What is the value of the bank account at the end of 25 years if the initial deposit is $25,000 at a rate of interest of 7% per annum.r. How much must be deposited at 6% each year inorder to accumulate 500,000.00 on the 6th year ifpayments are made at the (a) end of each year; (b)beginning of each year? Interest is (a) 10% per annum;(b) 1% per month. include a non-excel cash flowPart of the income that a machine generates isput into a sinking fund to replace the machine when itwears out. If $2,400 is deposited annually at 5% interest, how many years must the machine be kept beforea new machine costing $45,000 can be purchased?
- If your credit card calculates interest based on17.85% APR, compounded monthly:(a) What are your monthly interest rate and annualeffective interest rate?(b) If your current outstanding balance is $2,500 andyou skip payments for two months, what wouldbe the total balance two months from now?Question 2 Income from recycling the paper and cardboard generated in an office building has averaged $4000 per month for the past 6 years. What is the income stream’s future worth at an interest rate of 9% per year, compounded quarterly? Full explain this question and text typing work only plz help me.Green and Gold Industries sells 3 products. The sales are expected to increase every year as shown over the next 5 years. For the rate of interest given, what is the FV of the total sales revenue? Product A Product B Product C Rate 1st years sales $200,000 $150,000 $50,000 6% Increases per yr 5% 10% $15,000 A. $2.7 Million B. $220,500 C. $2.3 Million D. $243,101