Find the interest rate compounded quarterly on 9,500 whose periodic deposit is 300 everyend of three months for 6 years and 9 months

Q: Find the effective interest rate for a $1,500 loan for four years compounded semiannually at an…

A: Calculation of Effective Interest Rate:The effective interest rate is 8.16%.Excel Spreadsheet:

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

A: Total amount is 9500 Deposit per quater is 300 Time period is 6 years and 9 months To Find:…

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: Find the interest rate compounded quarterly on 9,500 whose periodic deposit is 300 every end of…

A: The present value is the value of the sum received at time 0. It is the current value of the sum…

Q: Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $)…

A: Annual interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4% Semi annual deposit (P) = $ 900…

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: Find the compound amounts for the following deposit if interest is compounded continuously. $98,765…

A: Following is the amount

Q: Deposits of $93.00 are made at the end of every month for 2.5 years. What will the deposits amount…

A: The given problem can be solved using FV function in excel. FV function computes future value for…

Q: Your bank pays 4% interest, compounded semiannually. Use Table 12-1 to find the future value (in $)…

A: Compounding interest semiannually indicates that the principle of a loan or investment includes the…

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

A: The value of the sum received at time 0 is the present value. It represents the current value of a…

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: Find the interest rate of annuity compounded quarterly on 9,500 whose periodic deposit is 300 every…

A: The given problem relates to concept of annuity. An annuity is a series of uniform cash flows over a…

Q: A loan is repaid by making payments of $2000 at the end of every six months for 12 years. If…

A: Semiannual payment (c) = $2000 Semiannual period (n) = 24 (i.e. 12 years * 2) Nominal interest rate…

Q: -A debt requires payments of $750 at the end of every three months for 8 years. Calculate the…

A: Interest charged on Debt: Interest is applied to practically all debts, and additional costs are…

Q: periodic deposit at the end of each month if financial goal is 1,000,000 at 6 25% rate compounded…

A: Future value =1,000,000 Rate =6.25% Monthly rate = 0.0625/12 =0.52% Time =40 years So, monthly…

Q: Periodic deposit " ? At the end of every three months." rate: 5.5% compounded quarterly time: 4…

A:

Q: Suppose you invest $1,500.00 in an account with an annual interest rate of 6% compounded monthly (6%…

A: Monthly deposit = $125 Monthly interest = 0.5% In contrasts to a fee that the borrower may pay the…

Q: Find the interest rate for a $9000 deposit accumulating to $11,517.62, compounded quarterly for 9…

A: Interest rate (r) = n[(A/P)1/nt - 1] Where, Number of compounding in a year (n) = 4 Years (t) = 9…

Q: What is the accumulated value of periodic deposits of $50 at the beginning of every month for 19…

A: Accumulated value is future value of monthly payments

Q: You deposit $300 in an account earning 5% coumpound interest for 4 years. Find the future value and…

A: Future value can be using following in excel   FV (rate, nper, pmt, [Pv], [type]) Rate The interest…

Q: It is necessary to invest a Term Certificate of Deposit with the amount of $ 500,000 for a term of…

A: Certificate of Deposit - It is Issued by banks for a specific term in return a rate of interest. It…

Q: A financial institution offers a nominal interest rate of 12% while compounding its accounts…

A: Using excel NPER function

Q: What is the accumulated value of periodic deposits of $40 at the beginning of every month for 17…

A: This is the case of an annuity due. An annuity due is that annuity where the cash flows occur at the…

Q: A deposit of $14625 earned interest at 5% compounded quarterly. After 3 years, the interest rate is…

A: The time value of money appears to be a concept that anybody may apply to compute the value of money…

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: Find the amount and present value of an ordinary annuity of P5,400 payable quarterly for 7 years if…

A: Solution:- When an equal amount is paid each period, it is called ordinary annuity. So, we have,…

Q: Find the final amount of money in an account if $8,900 is deposited at 7% interest compounded…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: calculate the periodic rate of interest (i) in the following case: 3.6% p.a compounding semi…

A: An interest method in which current interest is computed by multiplying the interest rate by the sum…

Q: Find the present worth of a series of equal quarterly payments of ₱ 750.00 for 18 years with the…

A: Quarterly payment = 750 Total Time Period = 18 years or 72 Quarters Interest Rate for first 20…

Q: Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $)…

A: Future Value of Annuity Due refers to the concept which dictates the compounded value of a sum of…

Q: An annuity that pays $950 at the end of each month for 18 years sells for $105,000 What was the…

A: Quarterly Compounded Nominal Interest Rate: Quarterly compounding outperforms semi-annual…

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: Determine the interest rate earned on an $800 deposit when $808 is paid back in one year.

A: In this question we need to compute the interest rate from following details : Initial deposit…

Q: Find the compound amount for the deposit. Round to the nearest cent. $1800 at 7% compounded…

A: Given, Principal =$1800  r=7% n=4 years

Q: Your bank offers you a personal loan of $22,000.00 at an interest rate of 4.69% compounded…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: Cameron's student loan of $28,000 at 3.72% compounded quarterly was amortized over 5 years with…

A: We can find the remaining balance on a loan either by creating an amortization table or using a…

Q: Find the future value and the present value of an annuity of 3500 payable atbthe end of each month…

A: The future value of the annuity is the total value of all the payments which is occurred regularly…

Q: Determine the value of an ordinary annuity if $290 is deposited each month into an account earning…

A: In order to find the future value of an annuity, one can use excel and use FV function to determine…

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: Your bank pays 12% interest, compounded quarterly. How much should you deposit now to yield an…

A: Present value is the amount that should be deposited to the given yield at each of the three months.

Q: You deposit $500 in an account earning 7% compound interest for 3 years. Find the future value and…

A: In order to find the future value and interest earned one has to take help from excel and use…

Q: You deposit $300 in an account earning 5% coumpound interest for 4 years. Find the future value and…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: Find the accumulated value of an annuity due of $1500 payable at the beginning of every month for…

A: GivenP=$1500r=8%=0.0812n=9 years=9*12=108 monthswe have a…

Q: 2. If $100 is deposited in a bank at the beginning of each month for 10 years, what is the…

A: Computation:

Q: A deposit of $2500 is made into an account drawing 3.6% interest compounded monthly. Find the future…

A: The future value concept can be used to derive the future value of a present sum or the future value…

Q: What is the accumulated value of periodic deposits of $60 at the beginning of every month for 22…

A: Monthly deposit (P) = $60 Interest rate = 2.59% Monthly interest rate (r) = 2.59%/12 =…