Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $190 monthly payment, 7% interest, 11 years

Q: Find the future value of the loan. Round your answer to the nearest cent. =P=, $19,000r=, 6%t3…

A:

Q: Find the future value of the following annuity due. Assume that interest is compounded annually,…

A: Future value of Annuity Due = P1+rn-11+rr ; where P- Periodic payment ; r - rate per period and…

Q: A loan of​ $2000 was made at​ 5.5% for four months. Find the​ loan's future value.

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: Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use…

A: loan amount(A) = $116000 interest rate=6.5%=0.065 term =20 years total payment(n) = 20 x 12 = 240…

Q: Answer as indicated. Write your answers in a separate sheet of paper. 1. Find the future value of an…

A:

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: Find the future value of the deposit if the account pays simple interest. Round to the nearest cent.…

A: According to the given information, it is required to find the future value.

Q: You want to buy a $17,000 car. The company is offering a 3% interest rate for 48 months (4 years).…

A: You want to buy a $17,000 car. The company is offering a 3% interest rate for 48 months (4 years).…

Q: Find the monthly payment that will yield the future value of $105,000 using an ordinary annuity at…

A:

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

A: Given: P=$2,500R=1.95%=1.95100=0.0195T=8 yearsn=4 To determine: The future value of the ordinary…

Q: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

A:

Q: Find the future value of an annuity $ 17226.91 Need Help? Read It

A:

Q: You want to buy a $14,000 car. The company is offering a 2% interest rate for 48 months (4 years).…

A: We will find out the required value.

Q: Find the future value of the loan. Round your answer to the nearest cent. P=$1000 ,r= 5%  t=8 years…

A:

Q: You want to buy a $28,000 car. You can make a 10% down payment, and will finance the balance with a…

A: Amount = 28000 Down payment = 2800 Financed amount = P = 28000-2800 = 25200 r = 0.04/12 = 0.0033…

Q: If you lend $7,000 to a friend for 16 months at 9% annual simple interest, find the future value of…

A: given that lend amount, P=$7000 for 16 months,  T=1612years=43 years  rate of interest , R=9% annual…

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $509,000 home…

A: The answer is given as follows:

Q: You want to buy a $23,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A: Consider the following:

Q: You want to buy a $19,000 car. The car company is offering a 3% interest rate for 36 months (3…

A: Here we are given that you want to buy a $19,000 car and the car company is offering a 3% interest…

Q: You want to buy a $21,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A:

Q: A radio commercial for a loan company​ states: "You only pay 29¢ a day for each​ $500 borrowed." If…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: BRIDGE LOANS To help finance the purchase of a new house, the Abdullahs have decided to apply for a…

A:

Q: When you purchased your house, you took out a 30-year annual-payment mortgage with an interest rate…

A: Given annual payment=  $12000intrest rate= 6%

Q: Find the amount (future value) of the loan. P = $1400, r = 4.5%, t = 5 months

A: Solution:

Q: You want to buy a $25,000 car. The company is offering a 2% interest rate for 36 months (3 years).…

A: r = 2%/12 = 0.1667% (monthly), n = 36

Q: Ms. Saya got a business loan worth P500,000.00. She promised to pay the loan semi-annually in 2…

A:

Q: Use PMT formula to determine the regular payment​ amount, rounded to the nearest dollar. The price…

A: Given data: *The principal amount is P=$8500. *The interest for the payment is r=5%. *The interest…

Q: A grandparent deposits $3,000 each year into an annuity for a grandchild that pays 8% compounded…

A:

Q: Find the future value of this loan. $16,634 at 5.3% for 15 months The future value of the loan is $|

A:

Q: A man borrowed P50,000.00 and promise to pay the amount after 8 months with 16% interest rate. What…

A:

Q: You want to buy a $13,000 car. The company is offering a 4% interest rate for 48 months (4 years).…

A: Where,PVA = Present value of the annuityA = Monthly paymenti = Monthly interest rate in decimal…

Q: In order to start a small​ business, a student takes out a simple interest loan for ​$7000.00 for 9…

A: We have to find interest must the student​ pay and Find the future value of the loan.

Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $165 monthly…

A:

Q: You want to buy a $33,000 car. The company is offering a 4% interest rate for 60 months (5 years).…

A: We have to find Monthly Payment.

Q: A Pawn Loan: Jeffrey Kowalski wants to take his mother out for dinner on her birthday, but he…

A: The pawnbroker loans Jeffery $75 based on the value of watch. Fourteen days later Jeffery  gets his…

Q: Daisy invests $75 per month in an annuity that pays 4% interest. Determine the future value of the…

A:

Q: You decide to buy a 2020 blue Rolls-Royce Phantom for $455,000. Use the simple interest formula to…

A:

Q: You want to buy a $15,000.00 car. You can make a 10% down payment, and will finance the balance with…

A:

Q: Your Friend buys $19,000 car. You friend is financing the purchase with a loan at 3.6% with monthly…

A:

Q: Find the monthly payment that will yield the future value of $260,000 using an ordinary annuity at…

A: Future value annuity formula can be used to determine the monthly payment of this ordinary annuity.…

Q: You want to buy a $32,000 car. The company is offering a 5% interest rate for 60 months (5 years).…

A:

Q: Find the savings plan balance after 6 months with an APR of 4​% and monthly payments of ​$100. The…

A:

Q: Aamon is buying a Honda car and takes out a 4-year simple interest car loan for $15000 at a 3%…

A: Given:- Aamon is buying a Honda car and takes out a 4-year simple interest car loan for $15000 at a…

Q: Determine the monthly payment if you take out a loan for $160,000 with an annual interest rate of…

A: Loan Amount :  L = $160000  Annual interest rate  , r=0.0425r = 0.0425 Loan Term , n = 20 years…

Q: What will the quarterly deposit be if the fund earns 8% interest

A:

Q: Bill Jones plans to deposit $2100 at the end of every 6 months for the next 20 yeats into an annuity…

A: Calculation of the total value of the annuity at the maturity is shown below: Hence, the total…

Q: Willie deposits a fixed monthly amount into an annuity account for his child’s college fund. He…

A: We have to find monthly deposits and interest earned.

Q: Use the formula for the future value of an ordinary annuity to solve for n when A=6000 the monthly…

A: