A family has a $148,820, 25-year mortgage at 6.6%

Q: 20 year, 4.75% bond, with a yield of 4.755%

A: Bond Price = C x [1-{1/(1+r)n}]/r + M/(1+r)n M=Face Value = $1,000 C=Coupon Payment=$1,000 x 4.75 %…

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Find the capital value of an office building for which annual rent of $50,000 will be paid in…

A: we have to find the capital value of an office building for which annual rent of $50,000 will be…

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: Find the interest earned: $9,900 for 24 months at 7.8% annual simple interest

A:

Q: Find the amount of an annuity that consists of ten annual payments of $1000 each into an account…

A: Given: Annual payment = R = $1000 Interest rate = i = 6% = 0.06 Number of annual payment = n =10

Q: Find the refund fraction on a 48​-month loan with interest of ​$2,803 if the loan is paid in full…

A: Refund fraction is the percentage of refund you will get when you complete the loan before the…

Q: Consider a Bond Mutual fund that gains 3% interest compounded Monthly. If you deposited $66,000 how…

A:

Q: A certain financial institution declared a 50,000 dividend for the common stocks. If there are a…

A: Given: A certain financial institution declared a 50,000 dividend for the common stocks. If there…

Q: If a family borrows $12,033 for an addition to their home, and the loan is to be paid off in monthly…

A:

Q: If 60,000 was deposited in a bank and became 61, 625 at the end of 150 days, find the interest.

A:

Q: The monthly invested payment is $. (Round up to the nearest cent.)

A: We have to find the monthly payment value of given sinking fund.

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with…

A: Given, Total interest is $2859. Total time of loan is 33 months, loan is paid in full with 11 months…

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: Find the amount of an annuity that consists of 40 annual payments of $2000 each into an account that…

A:

Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.95% coupon. Find the total of the…

A: Given Principal = $14000 time = 9 rate r = 2.95%

Q: Consider a credit card with a balance of $7000 and an APR of 15.99%. In order to pay off the balance…

A: Given Amount borrowed =$7000 APR=15.99% Time =3 year

Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: Your car loan payment extends for six years at 8% interest compounded monthly. After how many months…

A: To find the number of months required to pay off half of loan.

Q: Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6…

A:

Q: What is the Total Return on a single share of Stock that was purchased for $10, sold 3 years later…

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Q: Use the simple interest formula to determine the missing value. p= ?, r= 6%, t =9 months, i = $54

A:

Q: Find the monthly payment (before the balloon payment) for a 25-year, interest-only balloon mortgage…

A: Given that:  P = amount of loan = $300,000  r = APR = 7% =0.07  n = length of the loan = 25 yr

Q: What is the simple interest on P125, 000 at 8 3/4 % for 36 months?

A: Solution

Q: present value of the loan

A:

Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: The Betzes have leased an auto for 2 years at $400/month. If the money is worth 7%/year compounded…

A: find explanation below

Q: Dividends in arrears means that _____?

A: Dividend in arrears account reflected in balance sheet means that dividend has not been paid in the…

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Tom and Linda have been approved for an $185,000, 15-year mortgage with an APR of 5.35%. What will…

A: Since the given term is APR then we have to compute simple interest. The formula for simple interest…

Q: If the accumulated amount in an account is $5,000 at the end of 3 years and the simple interest rate…

A: According to the given problem, we have

Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

A:

Q: You have taken a loan of $54,000.00 for 37 years at 5.8%o

A: I have provided this answer with full description in step-2.

Q: A land developer declared a dividend of P 10,000,000 for its common stocks. Suppose there are…

A: A land developer has dividend =p10,000,000  shares of common stocks =600,000

Q: How much interest is owed on a 9-month, $5550 loan borrowed at 7.25% simple interest?

A: Given the Principal amount P= $5550 Rate of interest =7.25% =0.0725  Time, t=9 months = 912=0.75…

Q: After paying his down payment, Leo takes out a $320,000 mortgage at 3.6% compounded monthly for 30…

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Q: Your company provides a 50% matching toward your retirement. If you deposit $200 each month into a…

A:

Q: A bond has a $11,000 face value, a 9-year maturity, and a 3.05% coupon. Find the total of the…

A: Annual interest on bond is simple interest earned on face value of bond, calculated as follows:

Q: Mr.  Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…

A: With the help of compound interest formula we can solve this problem easily- The formula for…

Q: In buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%…

A: Given that, in buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years…

Q: The principal is $3,000,000. Mortgage payments are paid monthly. Compare the mortgage payments for a…

A: Since we know the principal value is 3000000, we can say that the present value for both the…

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: A $2000 Treasury bond with a coupon rate of 6.0% that has a market value of $1875

A:

Q: If your monthly payments are $124, how much will you have in your retirement fund after 40 years? $…

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Q: Calculate the amount of simple interest earned. Round to the nearest dollar. $2000 at 9% interest…

A:

Q: A certain financial institution declared a P30,000.00dividend for the common stock. If there a total…

A: