28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $50,000 in 5 years? What is the total amount of interest earned?

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every quarter for 22…

A:

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: hoi Home Repair needs to accumulate $26,000 in 6 years to purchase new equipment. What sinking fund…

A: .

Q: A company estimates that it will need $167,000 in 15 years to replace a computer. If it establishes…

A: From the given context, we have provided the future value of a computer. To find: Periodic payment.…

Q: Suppose that a 20-year government bond has a maturity value of $1000 and a coupon rate of 9%, with…

A: For 20 years, the government bond has a mutual value of $1,000 at a coupon rate of 9%…

Q: If $90,000 is invested in an annuity that earns 5.9% compounded quarterly, what payments will it…

A: Solution

Q: A debt of $7000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A:

Q: What is the size of the payments that must be deposited at the beginning of each 6 month period in…

A: Solve for periodic payment

Q: A debt of $7000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: The amortization formula is given by R=P i1-(1+i)-n where R is the periodic payment for the borrowed…

Q: 6. How much should you deposit at the end of each month into an IRA that pays 5.5% compounded…

A:

Q: A man receives 125,000.00 credit for his old car when buying a new model costing 375,000.00. What…

A: Given information Buying price=$375,000 Old car exchange value=$125,000 Interest rate r=6% Since,…

Q: Suppose you wish to retire at the age of 60 with $70,000 in savings. Determine your monthly payment…

A: Future Value of an Annuity Due-C = C*[(1+i)^n-1]/i] * (1+i)

Q: 5. What principal you have to deposit in a 4.5% saving account compounded monthly in order to have a…

A: Step 1: The equation for amount accumulated after n years with compound interest i is,…

Q: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: At the time of her​ grandson's birth, a grandmother deposits $6000 in an account that pays 2%…

A: Since you have posted multiple questions and we can answer one question. So, answered the first…

Q: A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A: Note that, here P = $9000, r = 0.05, and t = 5 years (since 10 equal semiannual payments).…

Q: 4. A consumer loan of P80,000 is obtained that is due 3 months from now. If interest  rate is 8%…

A:

Q: . What is the monthly payment on a 30 year, $250,000 mortgage, with an interest rate of 4%,…

A: here n = 30*12 = 360 month  i = 4 = 4/12 = 1/3% monthly P = $250000 monthly payment =…

Q: (b) What will be the amount of an ordinary annuity of $100 each month for three years if interest at…

A: An ordinary annuity is a series of equal payments made at the end of each period of the specified…

Q: 8. A loan of 67,000 pesos is to be amortized by paying quarterly in 1 year. If the money is worth…

A:

Q: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: 7. An investment account pays 3.9% interest compounded semi-annually. If $4,000 is invested in this…

A: We are given,Principal P = $4000Rate , r = 3.9% = 0.039Interest is compounded semi-annually then ,…

Q: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: Allison is 34 years old and plans to retire at age 65 with ​$1,380,000 in her retirement account.…

A: Given: Final amount is $1,380,000 Interest is 4% that is compounding daily Time is 31 years (from…

Q: What is the accumulated value of periodic deposits of $4,500 made into an investment fund at the…

A:

Q: A $27,000, 7% bond redeemable at par with interest payable annually is bought 9 years before…

A:

Q: A debt of $5000 is to be amortized with 6 equal semiannual payments. If the interest rate is 9%,…

A:

Q: What is the cash value of a lease requiring payments of $1,362.00at the beginning of every year for…

A:

Q: A payment of $14,575 is due in 1 year, $16,500 is due in 5 years, and $8,300 is due in 6 years. What…

A: Please refer to the image below

Q: What amount must be set aside on a boy’s seventh birthday, which will provide 24 quarterly payments…

A:

Q: A company estimates that it will need $161,000 in 18 years to replace a computer. If it establishes…

A: Use formula of compound interest

Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…

A: SOLUTION-

Q: 2. How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: 2 Given information A=$30,000 APR=6% ⇒r=6100=0.06 Time t=10 years Since, rate of interest compounded…

Q: 1. How much do you need to deposit into an account with 5.4% interest compounded monthly if you want…

A:

Q: 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years…

A:

Q: 18. Lupe Martinez will owe her retired mother $45,000 for a piece of land. Find the required…

A: 18. Here the principal amount is $45000Time is 4 yearsinterest rate is 10% which compounded…

Q: 4. What principal must be deposited in a 4.5% saving account compounded monthly in order to have a…

A:

Q: The managers of a pension fund have invested $1.5 million in U.S. government certificates of deposit…

A:

Q: 4. Amal wants to have $40000 available for a down payment on a house in 10 years. How much should…

A: Since you have asked multiple questions in a single request so we will be answering only first…

Q: The price of a new car is $20,000. Assume that an individual makes a downpayment of 25% toward the…

A: Given that The price of a new car is $20,000. Assume that an individual makes a downpayment of 25%…

Q: You are considering taking out a loan of $10,000.00 that will be paid back over 8 years with monthly…

A: L=PMT1-1+rn-trn PMT=135.84 n=12 for monthly payment r=6.9%=0.069 here we need to find the unpaid…

Q: 19.) What is the maturity value of $12,000 loan for 18 months at 7.2% compounded quarterly? How much…

A:

Q: Suppose that you drive 40,000 miles per year and gas averages $4 per gallon. a. What will you save…

A: Given that you drive 40,000 miles per year and gas averages $4 per gallon.

Q: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A:

Q: 9. (SLO) How much should a mother invest at the time her son is born to provide him with $80,000 at…

A: To find how much should a mother invest at the time her son is born to provide himwith $80,000 at…

Q: A $5,500 bond that carries a 3.00% coupon rate payable semi-annually is purchase years before…

A: We will find the required.

Q: How much must be invested in an annuity that will earn 5.9% (compounded quarterly) where a payment…

A:

Q: A $110,000 mortgage amortized by monthly payments over 20 years is renewable after a term of 5…

A: Given: Loan amount P = $110,000 Monthly payment over 20 years Hence Total number of payment = 12*20…