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A: Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other…
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A: RATE (12%/2) 6% YEARS(7*2) 14 PERIOD PAYMENT (899*6) 5394 FUTURE VALUE $0
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Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for four…
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A: In this we need to calculate all values after 1 year.
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A: Computation:
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A: Formula used to compute present equivalent worth: Formula to compute effective interest rate:
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Q: what present amount at an interest rate of 12% compounded annually?
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A: The effective annual rate is the rate that has an annual compounding frequency. It is calculated to…
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- A 15% compounded semi-annually has an equivalent rate of 7.5%, how many times does it pay every year?A $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments of $6900 each at the end of month. What interest rate il is being charged?if the nominal rate is 11.5% per year compounded continuously, what is the equivalent effective rate of interest per bi month
- Payments of $4,000, $5,200 and $6,500 are due infourmonths, sixteen months and eighteen months respectively. What is the equivalent payment one year from now if money is worth 12% compounded quarterly?FV of $100 paid each 3 months for 5 years at a nominal rate of 15% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.$At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13 in 6 years
- If a Condura Ref. costs P 24,830 will have an interest of P 2505 monthly that is payable for a year, what will be its interest rate?What is the discounted value of $899.00 paid at the end of every month for 3 years if interest is 12 % per annum compounded semi -annually? The discounted value is $What is the discounted value of $844 paid at the end of every three months for 10 years if interest is 9 per annum compounded monthly
- What are the effective annual rates of the following: a) 12% APR compounded monthly? b) 16% APR compounded annually? c) 6% APR compounded daily?If $956.00 accumulates to $1250.87 in three years, three months compounded monthly, what is the effective annual rate of interest?What rate of interest, compounded annually, will result in the receipt of P15 938.48 if P10 000 is invested for 8 years?