$100 is lent for 5 years amd repaid in a single payment at the end of the 5 years. Calculate the amount of the payment if the the force of interest ō is 7%. (use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45) ==
$100 is lent for 5 years amd repaid in a single payment at the end of the 5 years. Calculate the amount of the payment if the the force of interest ō is 7%. (use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45) ==
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 17P
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Transcribed Image Text:AV if ō is given
$100 is lent for 5 years amd repaid in a single payment at the end of the 5 years. Calculate the amount
of the payment if the the force of interest ō is 7%.
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
==
An account credits interest at a 3% annual constant force of interest. How many years are required for
an investment to triple? (use decimal number rounded to the 100th, such as 11.55)
===
Fund A earns a 7% force of interest.
Jack deposited $250 into Fund A. What is Fund A's value at the end of first year from his initial deposit?
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
===
Fund A earns a 7% force of interest. Fund B earns a 9% force of interest.
Jack deposited $250 into Fund A. After one year, he withdrew everything from Fund A and deposited it
into Fund B.
What is Fund B's value at the end of four years from his initial deposit?
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
The force of interest in the first year is 6%. The effective rate of interest in the second year is 5%. The
nominal rate of discount compounded semiannually in the third year is 4%. Determine the accumulated
value of $100 at the end of three years.
(use a decimal number rounded to the 100th, in dollar amount without $ sign. For example 123.45)
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