A $750 payment is due 8 months from today. What is the equivalent value of the $750 payment if it is paid 20 months from today instead? Money earns 2.9% compounded semi-annually?

Q: A year-end bonus of $20,000 will generate how much money at the beginning of each month for the next…

A: Bonus amount (PV) = $20,000 Interest rate (r) = 6.21% Number of compounding per year (m) = 12 Number…

Q: You are considering taking out a loan of $6,000.00 that will be paid back over 11 years with…

A: Loan amount (L) = $6000 Quarterly payment (Q) = $185.41 r = 5.8% per annum = 1.45% per quarter

Q: You borrow $280,000 at 4.00% per year and will pay off the loan in equal payments starting one year…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrwer needs…

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

A: The size of the payment can be computed by using the PMT formula of excel. The values require for…

Q: a print is bought for 60 monthly payments of $80. What is the equivalent cash price if the rate is…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If money is worth 8% annually, what annual payment is required to raise ₱ 18,811 after 2 years if…

A: Future Value of Annuity Due = (1 + r) x P x [{(1 + r)^n} - 1] / r

Q: interest, a $20,000 payment 10 years from now is equivalent to an annual payment for 15 years. The…

A: The future value of the payment includes the amount deposited and the interest accumulated over the…

Q: year-end bonus of $25,000 will generate how much money at the beginning of each month for the next…

A: Year End Bonus=$25000 interest rate =6.06 monthly interest =6.06/12=0.505 monthly interest =0.505%0…

Q: A $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments…

A: Loan is contract between lender & borrower where lender provide funds to borrower for definite…

Q: Payments of $657 and $1000 due 2 years ago and today respectively are to be replaced by two $1000…

A: Focal date is after 1 year (12 months) Payment 2 years (24 months) ago (P1) = $657 Payment today…

Q: How many semi-annually payments will it take for $550.00 deposited at the end of each half year to…

A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: Payments of $4,000, $5,200 and $6,500 are due infourmonths, sixteen months and eighteen months…

A: In this we need to calculate all values after 1 year.

Q: One building was priced at $ 125,000 . If you advance $ 25,000 and every month after that If $ 1,000…

A:

Q: If interest is compounded semi-annually (twice a year), and the interest rate is 3% per 6 month…

A: Present value is the current value of a specified amount you will received in a future date,…

Q: If money is worth 6% annually, what annual payment is required to raise P 17,909 after 5 years if…

A: The Future Value of an annuity due is the total future value of each cash flows which is made at the…

Q: How many semi-annually payments will it take for $550.00 deposited at the end of each half year to…

A: Future value (FV) = $12500.00 Semi annual deposits (PMT) = $550 Compounding per year (C/Y) = 12…

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

A: The borrower is required to pay the lender the initial sum borrowed and the interest on the loan.…

Q: When interest is charged on the unrecovered balance, if you borrow $10,000 at 10% per year interest…

A: Whenever loan is taken, interest is required to be paid on that loan. That interest calculation can…

Q: What is the amount of each payment if Plascote Industries borrows $32,600, at  an annual interest of…

A: for calculating amount to be paid for each installment we use PMT function in excel to determine the…

Q: If you borrow $5000 that you agree to repay in 8 equal quarterly payments at 2.8% interest per…

A: given, Principal = $5000 r=2.8% per quarter number of quarter = 8

Q: An cellphone is for sale at either (a) P15,999 cash or, (b) on terms, P1,499 each month for 12…

A: According to the concept of Time Value of Money, the value of one unit of a currency is worth more…

Q: A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: The number of Monthly Payments required can be calculated with the help of NPER function of Excel.…

Q: Choam Inc. owes $16,100 that is due in 1 year. Instead of paying then, Choam is going to make two…

A: Amount due in 1 year = $16100 Interest rate (r) = 3.8% per annum First payment is to be done in 6…

Q: 160000 TL loan is being repaid by installments of 2250 TL at the end of each month for as long as…

A: Loan financing refers to the arrangement of a loan repayment system. It involves the repayment of a…

Q: A car valued at $11,400 can be purchased for 10% down and end-of-month payments of $286.21 for…

A: The nominal interest rate, also known as an Annualized Percentage Rate or APR, is calculated by…

Q: Payments of $657 and $1000 due 2 years ago and today respectively are to be replaced by two $1000…

A: The concept of TVM is used to compare the value of money at different times based on the interest…

Q: A piece of machinery can be bought for P10,000 cash or for P2,000 down and 20,000 at the end of 15…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: An air conditioner is for sale at P20,000 in cash or on terms, P1,650 each month for the next 18…

A: Given,  The sale price is P20,000. Payment is P1650 for each month is 6% compounded monthly Number…

Q: 20000 TL loan is being repaid by installments of 100 TL at the end of each month for as long as…

A: given information total loan = 2000 pmt = 100 interest = 12%

Q: A loan of P50,000 is to be amortized by paying quarterly in 1 year. If money is worth 10% compounded…

A: Quarterly payment = Q Loan amount (L) = P 50000 r = 10% per annum = 2.5% per quarter n = 1 year = 4…

Q: How many months will it take to pay off a $705 debt, with monthly payments of $25 at the end of each…

A: EMI (EQUATED MONTHLY INSTALLMENT)- It is a fixed payment made by a borrowing party to the lending…

Q: A scheduled payment of $5,500 due in one year is to be replaced with two payments: the first due in…

A: Time value of money shows that the money available today is worth than the money in the future.

Q: If money is worth 8% annually, what annual payment is required to raise P 17,059 after 1 years if…

A: The question is based on calculation of present value of future expected cash flow . The calculation…

Q: You are offered payments of P1500.00 att he end of each quarter for 6 years. You feel that the cost…

A: The present value of future and periodic cash flows is the value of these cash flows at the present…

Q: A payment of $23,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A: Given That: P.V=$23000 Payment is done in 3 equal payment Rate of interest= 4.25% Duration= 6 years…

Q: A S5000 payment is scheduled for six months from now. If money is worth 6.75%, calculate the…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: A payment of $2,690 was due two years ago, and a payment of $1,650 is due today. What single payment…

A: This question can be solved in light of time value of money and future value. The formula to…

Q: How long before a scheduled payment of $3,354 will a payment of $3,018 be economically equivalent?…

A: Future Value = 3354 Present Value = 3018 Interest Rate = 4.25%/4 = 1.0625% per quarter N = Number of…

Q: You borrow 10.000 USD for 4 years to be paid with equal installments. The rate is 10%  a-what is…

A: Remaining principal after a certain time period denotes the outstanding principal at the end of that…

Q: A year-end bonus of $23,000 will generate how much money at the beginning of each month for the next…

A: Present Value:  The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: Merchandise is received for $25,000 now and $50,000 in 6 months. If $10,000 is paid within a month,…

A: Solution:- Balance due in three months means the value outstanding at third period.

Q: Money borrowed today is to be paid in 9 equal payments at the beginning of each quarter. If the…

A: Compound Interest: Compound interest is calculated using the principal of a loan or deposit–as well…

Q: A loan of P3,000 is repaid by a payment of P3,500 made 24 months later. What is the annual…

A: Loans payment carry the payment of principal amount and also payment of principal amount also.

Q: A salboat costs $23,769. You pay 5% down and amortize the rest with equal monthly payments over a…

A:

Q: A $11,000 loan is to be amortized for 10 years with quarterly payments of $351.14. If the interest…

A: Loan amortization is a type of loan that needed borrower to make scheduled periodic payments applied…

Q: A scheduled payment of $3,500 due in one year is to be replaced with two payments: the first due in…

A: Scheduled payment in 1 year (12 months) (X) = $3500 Replacement payment 1 = R1 in 9 months…

Q: A loan of ₱20,000 will be paid semiannually for 4 years. What is the amount of each payment if…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.