Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit: $? at the end of every three months Rate: 4.25% compounded quarterly Time: 5 years Financial Goal: $28,000 $1264; $25,280 from deposits and $2720 from interest $1398; $27,960 from deposits and $40 from interest $1505; $15,050 from deposits and $12,950 from interest $940; $18,800 from deposits and $9200 from interest

Q: How much must be deposited today into the following account in order to have a $150,000 college fund…

A:

Q: College Tuition A couple wants to establish afund that will provide $3000 for tuition at theend of…

A: From given R=3000,i=0.04,n=8

Q: 17. CHILD-CARE PAYMENTS Monique Chaney places $250 of her quarterly child support check into an…

A: We can use this formula to calculate the amount, A = p((1+rk)nk-1)rk Here k =4, n = 8, r = 0.08 and…

Q: DE WEEKLY Present Value Payment Amount Future Value Annual Interest Rate Periods (number of…

A: Let's fill given both tables.

Q: A college plans to set up an endowment fund that will provide a scholarship of $4,000 at the end of…

A: Given that the scholarship a college provides at the end of every quarter year in perpetuity is…

Q: A corporation creates a sinking fund in order to have $880,000 to replace some machinery in 9 years.…

A: By formula…

Q: Acme Annuities recently offered an annuity that pays 7.5% compounded monthly. What equal monthly…

A:

Q: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

A:

Q: Credit-card interest A certain department store requires its credit-card customers to pay interest…

A: Given- P=$500, r=18%. To find- The total amount at the end of 1 year if it is componded annualy.…

Q: find the present value of $30,000 due in 8 years at the given rate of interest. (round to the…

A:

Q: Analysts at Sky West Airlines did a 3 year projection of expenses. They calculated that the company…

A:

Q: You decide to start a new business and need to take out a business loan for $77,000.00 for 26 years…

A: Here I am attaching image so that you understand each and every step.

Q: - DISASTER RELIEF After a terrible cyclone in Bangladesh, an international disaster relief…

A: Given information Amount at end of each=$25,000 Payment at end of each quarter Time=5 years Rate of…

Q: 1. Estimate the monthly payments of a loan for a 2016 Ford Mustang GT. The amount borrowed is…

A: Given: The amount borrowed is $33,000 at a 4.5% yearly interest compounded monthly 72 months.

Q: Rank each interest rate and compounding scheme in order from highest yield to lowest yield. 3%…

A: Solution :-

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

A:

Q: The interest rate on the loan shown in the table below is 4% compounded monthly. How much of the…

A:

Q: A recent graduate's student loans total $16,000. I these loans are at 5%, compounded quarterly, for…

A:

Q: Determine the annual interest rate for the loan below. Time Future Value Present Value $950…

A: The future value(F) of an amount having a present value of $P , with a interest rate of r%…

Q: The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves…

A:

Q: How much must be deposited in an account to have annual withdrawals of $ 1500 forever? Interest is…

A: To find - How much must be deposited in an account to have annual withdrawals of $ 1500 forever?…

Q: 5. Andy plans to have a fixed amount from his paycheck directly deposited into an account that pays…

A: Present value = R× future value/ {1-(1+R) -n } Where, R= rate per month n= number of month

Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 5 years, if the interest…

A: Given,  Principal =p =  $ 2000 paid quarterly  Time period = t = 5 years  Number of compounding in a…

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

A:

Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A:

Q: Solve by using the sinking fund or amortization formula. A manufacturing company has determined that…

A: To calculate the equal payments that are required every 6 months to accumulate a fund of $600,000 in…

Q: periodic deposit.

A: Given: Rate=4.5% and time financial Goal is 5. To determine: The periodic deposit using the…

Q: To establish a "rainy day" cash reserve account, Bonanza Industries deposits $10,000 of its profit…

A: P=$10,000 , r=1.75%=0.0175 & n=12 (interest compounded monthly) a).…

Q: Down Payment To start a new business, Beth deposits $1000 at the end of each 6-month period in…

A: Given: Deposits at 6 month period=$1000Rate of interest compounded semiannualy=8%Total time period=8…

Q: Municipal Hydro offers to acquire a right-of-way from a property owner who receives annual lease…

A:

Q: Acme Annuities recently offered an annuity that pays 5.4% compounded monthly. What equal monthly…

A:

Q: Finance. A person wishes to have $16,800 cash for a new car 6 years from now. How much should be…

A:

Q: A loan of $5000 is paid off with payment of $532.76 made at the end of each six month period for six…

A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=532.76 n=2 for…

Q: A person pays $200,000 for a new house. A down payment of $70,000 leaves the mortgage of $130,000…

A: GivenDown payment =$70,000Mortgage p=$130,000Interest r=10% per year The monthly mortgage payment is…

Q: A 25-year mortgage on a house requires payments of $915.60 at the end of each month. If the interest…

A:

Q: compounded quarterly.

A: Tom deposited amount (P) = $1000 Interest = 3.5% = 0.035  Compounded quarterly so, (n) = 4 Amount…

Q: AIRPORT IMPROVEMENTS A city near Chicago sold $9,000,000 in bonds to pay for improvements to an…

A:

Q: Solve by using the sinking fund or amortization formula. A manufacturing company has determined that…

A: Use the following formula for sinking fund: S=R1+in-1iwhere S is the accumulated balanceR is the…

Q: Periodic Deposit $? at the end of each year Financial Goal $160,000 Rate Time 15 years |5%…

A:

Q: Acme Annuities recently offered an annuity that pays 6.0% compounded monthly. What equal monthly…

A:

Q: Prime Real Estate plans to raise $725,000 over a 4-year period so they can purchase a piece of heavy…

A: Here we solve the given problem of Algebra.

Q: Use the sinking fund formula determine the payment needed to reach the accumulated amount. To ensure…

A:

Q: You borrow $450,000 from a bank to buy a house, at a rate of 2.25%, for 30 years. How much will your…

A: In the given problem,  P=450,000 $r=2.25% compounded monthlyt=30 years Here, interest is compounded…

Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A: It is given that, Rate: 7.5% compounded monthly Time: 3 years Financial Goal: $25,000

Q: Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $2,121 is deposited…

A:

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To…

A: Weekly payment formula

Q: Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She…

A:

Q: Solve by using the sinking fund or amortization formula. A manufacturing company has determined that…

A:

Q: While buying a new car, Jordan made a down payment of $1,100 and agreed to make month-end payments…

A: down payment = $1100 duration of loan = 5 year 9 month = 69 month interest rate annually = 1%  so…