Find the lump sum deposited today that will yield the same total amount as payments of $14,000 at the end of each year for 18 years, at an interest rate of 5% compounded annually. ... | The lump sum is $ (Round to the nearest cent.)

Q: To offer scholarships to children of​ employees, a company invests ​$11,000 at the end of every…

A: Recall the following fact.

Q: How much must you deposit today into each of the following accounts in order to have $25,000 in 8…

A: Given the amount in the account after 8 years is $25,000.Also given that the amount compounded daily…

Q: Find the present value of an ordinary annuity with deposits of $6,507 quarterly for 6 years at 4.4%…

A:

Q: A payment of $25,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A:

Q: If $82,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Here, the present value is $82,000 The periodic rate of interest r=5.94%=1.475% quarterly n = number…

Q: A student pays back a loan (principal + interest) of $12 344. If it compounded weekly for 4 years,…

A: A=P1+rnnt

Q: If $84,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it…

A: The formula for compound interest is A = P (1+r/n)nt   Where A is the final amount, P = principal…

Q: A business must raise $70,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given : Amount to be raised = A = $70,000 Interest Rate = 0.03 Time period = 5 years n = compounding…

Q: How much must you deposit today into an account with quarterly compounding interest and an APR of…

A: please comment if you need any clarification. If you find my answer useful please put thumbs up.…

Q: Jane agrees to buy a car for a down payment of $2000 and payments of $220 per month for 3 years. If…

A: Given:

Q: A loan of $302,000 at 4.92% compounded quarterly was to be settled with month-end payments of…

A: We will apply the compound interest formula to solve the question

Q: You receive a loan of $22,000 for 24 months at 5.2% compounded semiannually? How much interest is…

A:

Q: A business must raise $60,000 in 7 years. What should be the size of the owners' quarterly payment…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=60000 t=7 years r=4%=0.04…

Q: For a loan of $14,000 at 4.00% paid monthly over 60 months, how much principal is paid off half-way…

A: It is given thatLoan amount=$14,000Rate of interest per month=4%Time=60months 5yearsTo find:1…

Q: No payments were made on a $2,598 loan during its three-year term. What was the annually compounded…

A:

Q: Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the…

A: To determine the present value of the annuity.

Q: Find the amount of money owed at the end of five years if 30,000 is borrowed at 7% per year…

A:

Q: A payment of $2,870 was due three years ago, and a payment of $1,600 is due today. What single…

A:

Q: Find the total amount after 10 years for the initial deposit of $30,000 with the interest rate of 5%…

A:

Q: Twenty annual payments of $5000 each, with the first payment one year from now, are to be made from…

A: Given- Twenty annual payments of $5000 each, with the first payment one year from now, are to be…

Q: A business must raise $50,000 in 8 years. What should be the size of the owners' quarterly payment…

A: Consider the provided question, given that, Amount (A) = $50,000 time(t) = 8 years rate of interest…

Q: Find the compound amount for the deposit. Round to the nearest cent. 4) $8000 at 6% compounded…

A: To work out the amount earned through compound interest under the given terms

Q: If $88,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

A: Given: Present value P =88,000 The interest rate (r) per quarter is 0.0564=0.014 The number of the…

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

A:

Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: A business must raise $80,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given that  future value 80000 Time period 5 years  Interest rate 3%  To find the present value

Q: The owner of Oak Hill Squirrel Farm deposits $1,000 at the end of each quarter into an account…

A: The amount of the deposit is $1000. The rate of interest is 2.5% compounded quarterly. The time…

Q: If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Given:-       If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what…

Q: Given a principal of Php. 100,000.00 payable for 2 years at 3% compounded quarterly. What is the…

A: Interest per conversion period is given by annual interest rate divided by number of periods Here…

Q: A loan was repaid over seven years by end-of-month payments of $450. If interest was 12% compounded…

A: By using the formulas of future value we solve the given problem as follows :

Q: A college plans to set up an endowment fund that will provide a scholarship of $5,000 at the end of…

A:

Q: If $87,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it…

A:

Q: An interest-bearing note for P75,000 requires payment at the end of each quarter for four years. If…

A:

Q: Find the simple interest on a $4,520 principal, deposited for 6 years at a rate of 2.25%. Round to…

A:

Q: What is the cash value of a lease requiring payments of $1,362.00at the beginning of every year for…

A:

Q: A business must raise $80,000 in 8 years. What should be the size of the owners' quarterly payment…

A:

Q: Find the interest earned by a deposit of 22,250 at 9 1/4% interest compounded monthly for twenty…

A:

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A: According to the given information, Amount expected in future = $90000 There are four quarters in a…

Q: A payment of $2,170 was due three years ago, and a payment of $1,850 is due today. What single…

A:

Q: A payment of $2,600 was due three years ago, and a payment of $1,450 is due today. What single…

A:

Q: A life insurance company will sell a 23-year annuity paying $1,100 at the end of each month for…

A:

Q: Calculate the amount of money Cynthia had to deposit in an investment fund growing at an interest…

A: To find out the amount of money that Cynthia has to deposit.

Q: A payment of $31,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A: We need to find payment.

Q: What lump sum do parents need to deposit in an account earning 7% compounded monthly, so that it…

A: For compunded monthly, we have take n value as 12.

Q: How much must be deposited today into the following account in order to have $30,000 in 8 years for…

A:

Q: A business must raise $90,000 in 5 years. What should be the size of the owners' quarterly payment…

A: givenAmount (A)=$90,000number of years(n)=5 yearsrate (R)=3%size of the owner's quartely paayment…

Q: How is this wrong ?

A:

Q: Determine the present value of P 6,800 paid at the end of each subsequent quarter for 7 years if…

A: Given information PMT=$6,800 Rate of interest r=6% ⇒r=6100=0.06 Time t=7 years Since, interest is…