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- Suppose you have $1,000 and plan to purchase a 1-year certificate of deposit (CD) that pays 0% interest, compounded annually. How much will you have when the CD matures?Suppose you have $2,200 and plan to purchase a 10-year certificate of deposit (CD) that pays 10.9% interest, compounded annually. How much will you have when the CD matures? a. $6,358.50 b. $6,190.68 c. $5,582.22 d. $6,976.63 e. $2,439.80Suppose you currently have $20,000 and plan to purchase a 8-year certificate of deposit (CD) that pays 6% interest, compounded annually. How much will you have when the CD matures?
- 17. a. If you borrow $1,000 and agree to repay the loan in five equal annual payments at an interest rate of 12%, what will your payment be? (Round your answer to the nearest cent.) b. If you make the first payment on the loan immediately instead of at the end of the first year, what is your payment? (Round your answer to the nearest cent.)Q1: Calculate (PW) for annual payments (900$/year) if the first payment will deposit at the present time, and the last one will deposit at begin of the ninth year? If you know that it's on deposit at the fifth year, and the interest rate is (15%)!18. You are borrowing $700,000 for 30 years at 6% annually. The lender is charging you a 2 point fee. What is the effective interest rate (effective borrowing cost)?
- How much would you have to deposit at the end of the year in an account that pays an interest rate of 7.6% compounded monthly, if at the end of 15 years you want $20,000 in the account? Use the TMV calculator to fill in the table. N I% PV PMT 0 FV P/Y 12 C/Ya) How much must be deposited today into an account earning 3% interest annually to support an annual withdrawal of $1800 a year in a perpetuity? b) what if the first withdrawal starts at the end of year 6?28. If you wish to accumulate P140,000 in 13 years, how much would you deposit today in an account that pays an annual interest rate of 14%?
- If you deposit RM15,000 in an account earning 20% with semi annually compounding, how much would you have in the account after 7 years? Select one: a. RM11,265.90 b. RM41,657.90 c. RM56,962.47 d. RM32,768.893. What amount will accumulate if we deposit P15,000 at the end of each year for the next 8 years. Assume an interest of 7% computed annually.19. What is the monthly payment on a $5M loan amortized over 25 years at 5%?