compute the nominal quarterly interest rate at wich payments of $250 made at the end of each quarter for three years accumulate to $3500

Q: At what effective annual rate of interest i will a payment of $7,000 accumulate to $8,179.57 in 4…

A: An effective annual rate is defined as the rate of an interest, which is actually earned on…

Q: Rounded to the nearest cent, find the amount of money accumulated in 5 years if $14000 is invested…

A: Given information: Present value amount is $14,000 Number of years is 5 years Interest rate is 10%

Q: Equal – quarterly deposits of P 2,000 for 2 years which starts immediately is made at a savings…

A:

Q: Sixty monthly deposits are made into an account paying 8% nominal interest compounded monthly. If…

A: We need to use future value of ordinary annuity formula to calculate monthly payment PMT =FVn(1+r)n…

Q: What is the accumulated value of periodic deposits of $60 at the beginning of every month for 17…

A: Monthly deposit (P) = $60 Period = 17 Years Number of monthly deposits (n) = 17*12= 204 Interest…

Q: Assume the $11,700 Treasury bill, 6% for 10 weeks. Calculate the effective rate of interest. (Use…

A: The effective annual interest rate is the true or actual interest rate paid on the investment. It is…

Q: Find the effective interest rate for a $20,000 for three years if the interest is compounded…

A: Effective interest rate:Effective interest rate is also called as annual equivalent rate which is…

Q: An item can be purchased for 4,500 or for 1,500 down payment and installment payment of 115 every…

A: Loan amount (L) = Purchase price - Down payment = 4500 - 1500 = 3000 Installment payment (A) = 115…

Q: A loan company advertises that $100 borrowed for one year may be repaid by 12 monthly installments…

A: Effective annual interest is the amount which is expressed in terms of percentage paid annually to…

Q: Compute the monthly payment on a $65,000 loan if the principal and interest are to be repaid in 84…

A: Monthly payments could be computed by using the present value formula. Present value of all the…

Q: What is the accumulated value of deposits of $1020.00 made at the end of every six months for three…

A: Accumulated deposits include the amount deposited and compounding interest accumulated over the…

Q: Quarterly payments of $ 4,000 at the end of each term for 4 years. Interest rate = 7% compounded…

A: Quarterly payment (Q) = $4000 n = 4 years = 16 payments Interest rate = 7% per annum Let's calculate…

Q: An initial investment of $480 earns interest for 7 years in an account that earns 13% interest,…

A: Future Value = Present Value * (1+r)^n where r =rate of interest per period i.e. 13%/4 = 3.25% n =…

Q: What is the principal invested at 4.75% compounded semiannually from which monthly withdrawals of…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Q: If $300,000 is deposited at a rate of 12% compounded bimonthly, determine the compounded interest…

A: Note: It has been assumed that bi-monthly means something which has occurred once in two months.…

Q: Assuming that four annual deposits of ($1000) are occurred but the first payment deposit at end of…

A: The annual payments are going to occur will be equivalent to the future value of annual payment that…

Q: The monthly payment is $430.33. What is the total interest paid on a loan of $5,000 at APR = 6% for…

A: Monthly payment = $430.33 Number of monthly payments = 12 Loan amount = $5000 Interest rate = 6%

Q: What payment is required at the end of each quarter for five years to repay a loan of $5600 at 6%…

A: In order to find the payment one can use excel and in excel PMT function is to be applied.

Q: Contributions of $146.30 are made at the beginning of every three months into an RRSP for 17 years.…

A: Future worth is the amount that an investor expects from the cash flows in each period. Future worth…

Q: You have taken a loan of $76,000.00 for 22 years at 5.2% compounded quarterly  1st-3rd month…

A: Payment refers to the periodic payments which are made in lieu of repayment of a loan. Payment…

Q: Determine the present value on July 7 of Php 6 800 paid at the end of each subsequent calendar…

A: Compound interest accrues at a rate determined by the regularity of compounding, with the greater…

Q: Same as $35,245 to be accumulated in 6 years; quarterly payments of $1300 ..... The interest rate…

A: Given information : Amount to be accumulated  $35,245 Time period (years) 6 Quarterly…

Q: At the beginning of each quarter, P36,000 is deposited into savings account that pays 6% compounded…

A: Quarterly deposits (D) = P36,000 Interest rate = 6% Quarterly interest rate (r) =…

Q: Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will…

A: Let us note the given.Principal P = 50,000Interest I = 5000Amount A = P+I = 50,000 + 5000 =…

Q: or total yearly payments of $10000 for 10 years, compare the compound amount accumulated at the end…

A: Given information: Annual payments : $10,000 Time periods : 10 years Nominal Rate of interest : 20%

Q: A $10,000 loan is scheduled to be repaid in equal monthly installments at the end of each month for…

A: To Find: Additional Interest paid

Q: Determine the interest earned after 10 years if $200 is invested in each of the following accounts:…

A: Future Value = Present Value * (1+r)^n Where, r = rate of interest per period i.e. 5.40%/12 = 0.45%…

Q: Ten annual payments at an interest rate of 7% are made to repay a loan of $9000. Build the table…

A: Yearly Payments implies, regarding any Material Contract, the aggregate sum of the installments…

Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…

A: In this question payment per quarter has to be find out. Future value , rate of return and number of…

Q: Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for…

A: Nominal interest rate is the rate of return without considering the inflation rate or before…

Q: For an APR of 10% per year, if interest is compounded quarterly, determine the nominal rate per (a)…

A: a.

Q: A loan of $10,000 is repaid by 20 level installments at the end of every 6 months. The nominal rate…

A: Loan refers to the amount borrowed which creates liability for fund receiver and level installments…

Q: 1. For each of the following, calculate the interest rate per compounding period (i): a. 4% per year…

A: A compounding period refers to the time period from when the interest was compounded lastly to the…

Q: Find the compound interest accumulated on BD 14500 at the end 9 years if it is invested at 4%…

A: Compound interest is the interest earned on the principal as well as on the interest earned…

Q: Do in excel What uniform annual amount should be deposited each year in order to accumulate…

A: solution future value $2,143.60 Number of period 8 present value  0 annual interest rate…

Q: Suppose that $3000 is deposited in a saving account at the rate of 8% per year. Determine in details…

A: Given data,                 Principal (P)  = $3000             Interest rate (r) = 8% per year…

Q: The owner of Oak Hill Squirrel Farm deposits $3,000 at the end of each quarter into an account…

A: This question require us to compute the value at the end of 6 years, 6 months from following…

Q: Find the interest rate compounded quarterly on 9,500 whose periodic deposit is 300 everyend of three…

A: We need to use RATE function in excel to calculate rate of interest.  Formula is…

Q: Find the interest rate compounded quarterly on P 95000 whos periodic deposit is 300 every end of…

A: The time value of money is the concept that is used by the management of individuals to determine…

Q: WSS Financial is paying 9% interest compounded monthly. Find the future value of P60,000 deposited…

A: Given, The quarterly payments P60,000 Number of years is 4. Rate of interest is 9% compounded…

Q: The owner of Oak Hill Squirrel Farm deposits $2,000 at the end of each quarter into an account…

A: Quarterly deposit (P) = $2,000 Interest rate = 1.5% Quarterly interest rate (i) = Interest rate/4 =…

Q: $10,000 is borrowed at 10% a year interest for five years. At the end of each year, the borrower…

A: Computation:

Q: Compute the nominal annual rate of interest compounded quarterly at which $300.00 paid at the end of…

A: Solution:- When an equal amount is deposited each period at end of period, it is called ordinary…

Q: What is the future worth of the following seriesof payments?(a) $75,000 at the end of each six-month…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: A loan of $ 7000 is to be repaid in 46 equal monthly installments with the first one paid seven…

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

Q: A company expects a series of 24 monthly receipts of P3,600 each. The first payment will be received…

A: Annuity can be defined as the series of equal payments in various installments for the period of…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.