Emily purchased a bond valued at $10,000 for highway construction for $4,540. If the bond pays 7.9% annual interest compounded monthly, how long must she hold it until it reaches its full face value?

Q: wishes to provide herself, or her estate, with an income of $10,000 at the end of each year for 10…

A: Deposit A Amount = 10,000 End of year deposits N = 10 years   Deposit B Amount = 10,000 End of year…

Q: 8. Frank invests $1500 in a bond that pays 6.5% per year compounded annually. How much money will he…

A: Investment amount = $ 1500 Annual interest rate = 6.5% Period = 6 Years

Q: Adam purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: Semi Annual Payment  $              1,500.00 Time Period (years) 8 Interest rate 4% Monthly…

Q: Andrea is depositing P4, 000 each month in an ordinary annuity that pays 2% interest compounded…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Scofield purchased a bond, costing 890, three years ago, with a current price of 925. This bond paid…

A: Yearly Interest Payments (Coupon) = 100 Time Period for Holding (N) = 4 years Price of Bond at end…

Q: Nine  years  from  now,  Sam  wants  to  have  an  amount  available  to  deposit  into  an  account…

A: ANSWER GIVEN ON THE NEXT SHEET

Q: May deposits PhP 20,000 into a fund at the beginning of each year for 10 years. At the end of 15…

A: This is a classic case of an annuity due, annuity perpetuity, annuity deferrals. First, we will…

Q: Emily purchased a bond valued at $10,000 for highway construction for $4,410. If the bond pays 6.4​%…

A: Using excel NPER function

Q: Mildred can purchase a municipal bond with a par (face) value of $1000 that will mature in 10 years.…

A: A financial instrument with a fixed cost that helps a company to raise funds for business operations…

Q: Candace borrows $4000 from Nick due in 10 years with simple interest at 8% monthly. Two years after…

A: The proceeds would be the difference between Present value at new terms and old terms. and we  will…

Q: Keith invested in a savings bond for 3 years and was paid simple interest at an annual rate of 2%.…

A: Time Period = N = 3 years Interest rate = 2% Simple Interest = 120

Q: Marie Snell recently inherited some bonds (face value R100 000) from her father, and soon thereafter…

A: Here, Face Value of Bond is R100,000 Coupon Rate is 2% Therefore,  Coupon Payment is :…

Q: what is Ben's total monthly payment?

A: Insurance is the security taken by a person against life or asset. Against the insurance or security…

Q: ones can deposit $5,000 at the end of each 6-month period for the next 12 years and earn interest at…

A: a) Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, P =Periodic payment i.e. $5000 n = no.…

Q: Jessica purchased a home on January 1, 2021, for $750,000 by making a down payment of $300,000 and…

A: Here to understand the details of maximum deduction allowance which are made in the itemized…

Q: Lars has been approved for a $425,000, 20-year mortgage with an APR of 5.125%. a. What is his…

A: given, principal amount =$425,000 n=20 years r=5.125% m=12

Q: John House has taken a 30-year, $250,000 mortgage on his house at an interest rate of 6% per year.…

A: If an individual or company has insufficient of funds then, the option for mortgage is available. We…

Q: Joan Tanaka borrows $80,000 at 14 percent interest toward the purchase of a vacation home. Her…

A: Assumption: It is assumed that the student is asking for monthly payment.

Q: Emily purchaseda bond valued at $10,000 for highway construction for $4,540. IT the bond pays 7.9%…

A: Face Value = 10,000 Present Value (Price) = 4540 Monthly Compounding Interest % = 7.9%/12 = 0.6583%…

Q: Mr. N. invests $5,000 in a certificate of deposit (CD) at his local bank. Hereceives 2 percent…

A: RATE 2% YEARS 5 PMT (MONTHLY DEPOSIT) 0 PRESENT VALUE $5,000

Q: Eren purchased a bond, costing 890, three years ago, with a current price of 925. This bond paid 100…

A: Price of bond =Present value of  value after 4 years +Present value of coupon payment.

Q: Roman paid $68,800 as a down payment towards an apartment purchase and receive nortgage from a bank…

A: Loans are paid by monthly equal amounts of payments and these equal payments carry the payment for…

Q: Joan purchases a 30-year federal government bond for $10,000 that pays 4 percent annual interest.…

A: Bonds are debt securities issued by Government or other companies, who seek to raise money from…

Q: Mathias purchases a 7-year CD for $5000 with 1.1% APR compounded monthly, and a 7-year bond for…

A: C=Annual amount received after 7 year P=Invested amount r= Rate n=Number of year T=compounded…

Q: At the beginning of his current tax year, David invests $11,550 in original issue U.S. Treasury…

A: Formula: Interest Amount = Face value of bond x interest rate

Q: John purchased a $20,000 20-year bond at a 2% dis- count. It pays semiannually at a rate of 4% per…

A: In case of bond interest is payable annually, semi annually as per initially agreed, but it is…

Q: llaine invested Php 50,000 in a bond fund for 3 years that pay 2.75% annually.  If interest will be…

A: The bonds are paid coupon payment each period but there is withholding tax to be paid on the coupon…

Q: n in Kim's account when she first purchases the stock

A: Margin-: Margin is the capital rented from a brokerage firm to buy an undertaking. It is the…

Q: Brian borrows $ 7500 from his friend at an annual 6% interest rate, which he will pay five years…

A: Future value is the value of the present cash flows after certain period. Due to interest that can…

Q: 4. Mr. Thomas will receive $8,500 a year for the next 15 years from her trust. If a 7 percent…

A: Introduction: The present value of annuity due refers to the current value of a series of future…

Q: John borrows $15000 for 5 years at an annual effective interest rate of %9. At the end of each year…

A: Computation:

Q: Mr. Arturo bought a bond having a face value of Php3500 for Php3300. The bond rate was 16% nominal…

A: Selling price of an investment is that price at which bond or an investment is being sold by a…

Q: David owns $15,000 worth of 10-year bonds of Ae Corporation. Thee bonde pey interest every 6 months…

A: Given information: Value of bond is $15,000 Number of years is 10 Interest rate is 2% per year…

Q: Jessica purchased a home on January 1, 2018 for $650,000 by making a down payment of $260,000 and…

A: The internal revenue service is a U.S. government agency responsible for the collection of taxes and…

Q: Emily purchased a bond valued at $10,000 for highway construction for $4,540. If the bond pays 7.9%…

A: This is the question of TIME VALUE OF MONEY. According to TIME VALUE OF MONEY, FV=PV×1+Rmm×t where,…

Q: Erica borrowed money from Charles an amount of 58,744 and promise to pay at the end of second and…

A:

Q: David owns $30,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6…

A: Bond is a debt instrument which provides fixed interest payment quarterly, half-yearly or annually.

Q: Stephanie purchases a retirement annuity that will pay her $3,000 at the end of every six months for…

A: formula for annuity PVA=A×1-11+rmn×mrm where, r=rate of interest m =frequency of compounding A=…

Q: Carol borrowed $5,200 and signed a straight note with an interest rate of 7% per annum. If she paid…

A: A straight promissory note can be defined as that note which does not require periodic payments over…

Q: An Investor buys common stock in a firm for $1000, At the end of the first year and overy year…

A: Stock Investment refers to the purchase of stocks with an mindset for holding purchased securities…

Q: Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans…

A: We need to calculate future value of investment by using this formula FV = PV(1+i)n where FV =Future…

Q: bonds sell for in the marke

A: 1) Formula to calculate the amount is: Value of the bond = [coupon((1-(1+r/2)^2n)r/2)] + Face…

Q: blake purchased an annuity that had an interest rate of 2.50% compounded semi- annually. it provided…

A: Solution- 2.50% interest rate semianually=2.52=1.25%=1.25100=1+r6-1=1+r=1.002072Monthly…

Q: ames purchased a bond for $3380 that had a rate compounded annually, 2 years later he sold it for…

A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…

Q: Kim opens a brokerage account and purchases 500 shares of Batliboy at OMR50 per share. She borrows…

A: Margin:- In finance, the term margin is defined as the amount of money that is borrowed from a…

Q: In purchasing a lot, Jason agrees to pay $10,000 cash and $5,000 at the end of each three months for…

A: The value of the debt will be equal to the present value of periodic payments plus the cash paid…