5. Adrian wants to have $15 000 in 3 years to start a mechanic shop. He plans to save the money by making regular deposits into an annuity that earns 11.7% per year compounded semi-annually. What semi-annual deposits does Adrian have to make?

Q: Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and…

A: Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…

Q: Suppose mr. Sison would like to save P5,000 every month in a fund that gives 9% compounded monthly.…

A:

Q: 1. How much would the equal monthly payments be on a student loan of $10,500 that has a ten-year…

A: You mentioned only 1 and option A to solve, I will solve both of them but if you want I will solve…

Q: Tom and Sandy have set up a sinking fund in order to have $15,000.00 in 44 years for their child's…

A: According to question given :Tom and sandy have set up a sinking fund in order to have $15,000.00in…

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

A: .

Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: 3. Rachel deposited $6,000 into a savings account that pays 4.75% compounded quarterly. How much…

A: 3.

Q: A student wants to save up to purchase a P105,000 property in cash at the end of 5 years. If he…

A:

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

A: Solution

Q: HOW IS THE MONTHLY PAYMENT OF 350,00 LOÀN WHICH IS TO BE REPAID MONTHLY FOR 1 YEAR WITH AN INTEREST…

A: This is a compound interest problem and I solved it in the next steps.

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

A:

Q: If Nerissa’s savings deposit yields 5%compounded quarterly, should shechange her investment to a…

A: According to the question we have to check the net multiplying factor.

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: 2. Ricky is 35 years old. He plans to retire when he is 63. He has opened a traditional retirement…

A: We will solve the following.

Q: A couple secures a 30-year loan of $100,000 at 9 3/4% per year, compounded monthly, to buy a…

A:

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: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

A:

Q: 2 Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the…

A: Given:-             Harry paid $250,000 for a 15-year indexed annuity in which the monthlypayments…

Q: 3. Jay just graduated from college and he has decided to open a retirement account that pays 1.75%…

A:

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: How much loan will be extinguished for a monthly amortization of P4, 500.00 at 12% interest…

A:

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: #2 Isaac invested $77,000 in an account paying an interest rate of 4.6% compounded quarterly.…

A: We have to find amount

Q: A. ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest…

A: We'll answer the first question since the exact one wasn't specified. Please submit a new question…

Q: 18. Floyd decides to invest $1,000,000 in a 20-year annuity that earns 4.6% APR compounded monthly.…

A:

Q: What is the value of an ordinary annuity at the end of 20 years if $1,000 per year is deposited into…

A:

Q: If you make monthly deposits of $378.00 into an ordinary annuity earning 4.14% compounded monthly,…

A:

Q: balance on the loan at the end of year 4?

A: We have to find out the balance on the loan at the end of year 4. Loan amount is $495,000 and the…

Q: 11) As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 5 % compounded…

A:

Q: Steven Nolte owes his parents $47,000 for his college education. Find the required monthly payment…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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: 1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When should the…

A: Given that,   1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When…

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: 32) As part of her retirement planning, Mrs. Smith purchases an annuity that pays 16% compounded…

A:

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: You would like to have $52,000 in 5 years for the down payment on a new house following college…

A: According to the given information:P = 52,000t = 5r = 4.25%=0.0425n = 4 (since, interest is…

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

A:

Q: As part of his retirement planning, Mr. White purchases an annuity that pays 8.5% compounded…

A:

Q: 1. Find the present value of a perpetuity of P20,000 payable semi-monthly if money is worth 8%…

A: Perpetuity is a type of annuity that has no end.  According to question the data are as follow:-…

Q: 7. As the most successful contestant in the history of the television show Jeopardy, Ken Jennings…

A: Given information Present vale of annuity is $1.2 million that is PV=$1200000 Interest rate r=4.25%…

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: 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: A loan of P 50,000 is-to be amortized by paying quarterly in 1 year. If money is worth 10%…

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