Emit wants to make an initial payment P at Year 0 hoping to get $400 annually from Year 5 to Year 10 (6 Years). How much should the initial payment be at an 8% interest rate?
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Emit wants to make an initial payment P at Year 0 hoping to get $400 annually from Year 5 to Year 10 (6 Years). How much should the initial payment be at an 8% interest rate?
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- How much should Colin put into an account today that earns 6.5 percent per year if he wants to be able to withdraw $900 annually for 10 years starting today (t=0), then $3500 annually for the next 9 years, then $7000 annually for the next 10 years, and then $6500 annually for the next 10 years? (Use NPV on calculator).If I can invest R120 today and I want to have R500 in my account 4 years from today at what interest rate should I invest my money if I can make one additional payment of R100 into the account at the end of the second year?How much would you pay for the right to receive $4, 500 at the end of year 1, $3,500 at the end of year 2, and $7, 500 at the end of year 5? At a 10% interest rate
- You will receive a cash payment of $6.4 in 4 years. If the relevant interest rate is 16.4%, how much is it worth today? Answer:Jill wants to make a few deposits so that she can withdraw $5000 per year at the end of each year for the next 15 years. A deposit of X is made a year from now, a second deposit of 2X is made at the end of year 4, and a deposit of (X/2) is made at the end of year (5+4). What is the amount of X if the goal is to empty the account? Use 6% interest.You've been offered a loan of $20000, which you will have to repay in 5 equal annual payments of $6000, with the first payment due one year from now. What interest rate would you pay on that loan?
- You deposit $1,000 one year and $2000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below?What will your monthly payment be if you have a 5% interest rate and a term of 20 years? How much will you pay for your college education? How much of that is interest? If the yearly payment is $17000If you are planning to apply for a personal loan and borrow PhP 50,000 and repay the principal and interest for an agreed length of time of 6 years that is compounded monthly, How much interest would you pay for 6 years for each bank offer? How much monthly payment is needed for each bank offer? Which is the best option for you among the given choices below if you are to pay monthly for 6 years?
- You have agreed to loan a friend $5000 for 5 years at a simple interest rate of 8% per year. How much interest will you receive from the loan?ou are offered an annuity that will pay R17,000 per year for 7 years (the first payment will be made today). If you feel that the appropriate discount rate is 11%, what is the annuity worth to you today? 15. If you deposit R15,000 per year for 9 years (each deposit is made at the beginning of each year) in an account that pays an annual interest rate of 8%, what will your account be worth at the end of 9 years? 16. You plYou want to have GH¢ 50,000 in your savings account five years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. If the account pays 9.5 percent interest, what amount must you deposit each year?