Find the periodic payment which will amount to a sum of $17000 if an interest rate 8% The periodic payment is $ (Round to the nearest cent.) is compounded annually at the end of 11 consecutive years.

Q: A house is rented for $6,900 per quarter, with each quarter's rent payable in advance. If money is…

A: Given:          Present value PV = $6,900          Rate of interest  r = 7%…

Q: Find the present value (in dollars) of an annuity that pays $8,000 at the end of each 6-month period…

A: P = $8000 r = 8% = 0.08 t = 6 years n = 2 [Compounded semiannually] Therefore,

Q: Find the periodic payment which will amount to a sum of $14000 if an interest rate 8% is compounded…

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Q: A college plans to set up an endowment fund that will provide a scholarship of $4,000 at the end of…

A: Given that the scholarship a college provides at the end of every quarter year in perpetuity is…

Q: Find the monthly payment needed to amortize a typical $130,000 mortgage loan amortized over 30 years…

A: P =$130000 n = 30 year = 12*30 = 360 month r = 5.7% = 5.7/12 =0.475 % monthly   monthly payment =…

Q: compounded

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Q: A borrower had a loan of $20,000.00 at 6% compounded annually, with 12 annual payments. Suppose the…

A: Given information Loan amount P=$20,000 Interest rate r=6% compounded annually ⇒r=6100=0.06 As loan…

Q: Lauren plans to deposit $6000 into a bank account at the beginning of next month and $225/month into…

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Q: A borrower had a loan of $30,000.00 at 6% compounded annually, with 6 annual payments. Suppose the…

A: Given Total amount P=30000Rate r=6%=0.06Annual payment n=6Time t=3 year

Q: Crystal made equal deposits at the beginning of every 3 months into an RRSP. At the end of 6 years,…

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Q: Francine currently has $75,000 in her 401k account at work, and plans to contribute $600 at the end…

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Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: Given:

Q: Kevin deposits a fixed quarterly amount into an annuity account for his child's college fund. He…

A: Given data: The future value is FV=$80000. The time taken is t=13 years. The APR is r=3.3%.

Q: A man is disabled in an accident and wants to receive an insurance payment that will provide him…

A: In this question, we will find the seek payment.

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

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Q: A house is rented for $6,700 per quarter, with each quarter's rent payable in advance. If money is…

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Q: The present value of an annuity for ten years is $10000. find the quarterly payment or periodic…

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Q: Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the…

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Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given P=$3000 r=8% compounded quaterly. The objective is to find the future value of the rent for…

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

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Q: A homeowner planning a kitchen remodeling can afford a $200 monthly payment. How much can the…

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

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Q: Find the lump sum deposited today that will yield the same total amount as payments of $14,000 at…

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Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 5 years, if the interest…

A: Given,  Principal =p =  $ 2000 paid quarterly  Time period = t = 5 years  Number of compounding in a…

Q: A MasterCard statement shows a balance of $560 at 13.9% compounded monthly. What monthly payment…

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Q: A homeowner planning a kitchen remodeling can afford a $400 monthly payment. How much can the…

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Q: The winner of a "million dollar" lottery is to receive $50,000 plus $50,000 at the end of each year…

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Q: Patty Stacey deposits $2800 at the end of each of 5 years in an IRA. If she leaves the money that…

A: Her amount accures by the formular. A = P(1+r/n)^nt. Where her principal P = $2,800. Rate, r =7%…

Q: A recent graduate's student loans total $16,000. If these loans are at 5%, compounded quarterly, for…

A: FORMULA A=final amount P=initial principal balance r=interest rate t= number of time period…

Q: Find the payment R needed to accumulate $12,500 with 60 monthly installments over a period of 5…

A: Future value (FV) of an annuity, R over n periods at an interest rate per period of i is give by:

Q: A loan of $5000 is paid off with payment of $532.76 made at the end of each six month period for six…

A: NOTE: Refresh your page if you can't see any equations. . here we have  PMT=532.76 n=2 for…

Q: Find the size of periodic payments to be made at the end of each month for 15 years to repay a…

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Q: A recent graduate's student loans total $17,000. If these loans are at 4.2%, compounded quarterly,…

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Q: Find the future value of the given amount. Round the result to the nearest cent. $6000 at 9%,…

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Q: A recent graduate's student loans total $13,000. If these loans are at 5%, compounded quarterly, for…

A: The formula for present value of ordinary annuity formed by R payments with interest i for n periods…

Q: The winner of a "million dollar" lottery is to receive $30,000 plus $30,000 at the end of each year…

A:

Q: An insurance settlement of $2.5 million must replace Trixie Eden's income for the next 25 years.…

A: Given: An insurance settlement of $2.5 million must replace Trixie Eden's income for the next 25…

Q: Meg's pension plan is an annuity with a guaranteed return of 7.5% per year compounded quarterly. She…

A: First we calculate present value using formula of present value then obtained present value will…

Q: Acme Annuities recently offered an annuity that pays 6.0% compounded monthly. What equal monthly…

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Q: A homeowner planning a kitchen remodeling can afford a $100 monthly payment. How much can the…

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Q: A business sets up a sinking fund so they will have a $47,000.00 to pay for a replacement piece of…

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Q: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes…

A: It is given that, Rate: 7.5% compounded monthly Time: 3 years Financial Goal: $25,000

Q: Find the future value for the annuity due with the given rate. Payments of $18,000 for 11 years at…

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

A: 9years +3 years =12 years r=3.5%t=11n=4 Payment received =1500×2×9+600×12×3=27000+21,600=$48,600

Q: Use Table 12-2 to find how much should be deposited now at 6% interest, compounded monthly, to yield…

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Q: The winner of a "million dollar" lottery is to receive $70,000 plus $70,000 at the end of each year…

A: Use formula of compound interest to calculate future value

Q: Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She…

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Q: June made an initial deposit of $7500 in an account for her son. Assuming an interest rate of 2%…

A: Given that t=time=17 yearsr=interest rate=2%=0.02A=annuity=?n=number of times compounded in a…

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given information Present value = $921 Rate of interest = 5.5% Year = 7% r = quarterly rate