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## Related Advanced Math Q&A

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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: Find the periodic payment which will amount to a sum of $23000 if an interest rate 5% is compounded…

A: The following information is provided. Amount to a sum of $23000 PV=23000 Interest rate is 5%…

Q: Find the periodic payment which will amount to a sum of $13000 if an interest rate 7% is compounded…

A: FV=$ 13000i=7% annually=0.07 annuallyAs t=9 years so, N=9

Q: If money is worth 4 % compounded monthly, what payment at the end of each quarter will replace…

A: The value of r compounded monthly , r=4% compounded monthly=412% Number of months in each quarter =…

Q: A furniture set worth of 40000 is purchased with a down payment of 15000 then followed by equal…

A: we have to find compound interest here

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

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…

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Q: If you take out a 5 year loan of $8000 at 6% interest compounded monthly, then what will be each…

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

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Q: Find the present value of an annuity if $2,500.00 is paid to you at the end of every 2 months for 2…

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Q: If you finance $15,000 for 3 years at 6% compounded monthly, the monthly payments will be…

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Q: You buy a car with a down payment of $700 and payments of $400 per month for 3 years. If the…

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Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

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Q: A man purchases a $2000 diamond ring for a down payment of $200 and monthly installments of $88 for…

A: Given: Cost price of diamond ring, P = $ 2000 Down payment amount = $ 200 Monthly installment = $88…

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Q: Find the present value of $10,000 payable in 10 years if the interest rate is 5 percent per year…

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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: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P150,000.00…

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Q: Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6…

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Q: Find the periodic payment which will amount to a sum of $17000 if an interest rate 8% The periodic…

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Q: . Find the size of the payments if money earns 3% compounding quarterly.

A: Given: Helen has borrowed $4000, and agreed to pay it back in two equal payments to be made in 6…

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Q: Find the interest rate needed to accumulate $45,000 in a sinking fund in 10 years, with annual…

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Q: What is the purchase price of a car that has 350 monthly payment for 5 years, financed at 6% per…

A: Given: Monthly payment = $350 Years = 5 Interest rate = 6%

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Q: Find the present value (in dollars) of an annuity that pays $5,000 at the end of each 6- month…

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Q: An item at a department store is priced at $189.99 and can be bought by making 20 payments of…

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Q: Suppose you want to borrow $20,000 for a new car. You can borrow at 6% per year, compounded every…

A: P = monthly payment PV = loan amount r = rate of interest n = number of periods

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Q: Find the time (rounded up to the nearest month) that it takes to pay off a loan of $100,000 at 6%…

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Q: Harlan made equal payments at the end of each month into his RRSP. If interest in his account is…

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Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: The present value of the annuity is given by PV=P1-1+r-nr where P is the periodic payment, r is the…

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Q: Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded monthly.

A: Given:Find the present value of $30,000 due in 6 years at an interest rate of 8%/year compounded…

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Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

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Q: find the present value of $75,000 if interest is paid at a rate 3% per year, compounded monthly for…

A: Only you have to careful what the question saying...wheather it is compounded yearly or compounded…

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Q: Find the payment that should be used for an annuity due with a future value of $12,000, quarterly…

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Q: Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded…

A: A=P1+rnntFor compounded semiannually, n=2

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Q: Suppose on your 21st birthday you begin making bi-weekly payments of $500 into an account that pays…

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Q: Suppose on your 21st birthday you begin making bi-weekly payments of $500 into an account that pays…

A: The solution for the above question is as shown below.

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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,

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Q: A recent graduates student loan total $15,000. If these loans are at 4.6%, compounded quarterly, for…

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Q: The Jones want to save $86,000.00 in 3 years for a down payment on a house. If they make monthly…

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Q: Find the final amount in a retirement account that has a 7.4% interest rate compounded quarterly…

A: To find the final amount in the retirement account

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Q: The Jones want to save $51,000.00 in 2 years for a down payment on a house. If they make monthly…

A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment

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Q: Find the present value of $40,000 due in 4 years at the given rate of interest. 7%/year compounded…

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Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

A: Given that, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the…

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Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: A credit union entered a lease contract valued at $5600. The contract provides for payments at the…

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Q: Find the present value for the following future amount. $4000 at 4% compounded annually for 6…

A: As we know that the expression for the compound interest is: A=P(1+rn)nt Where, A=Future…

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Q: A family takes out a $168,500 mortgage at 6.5% interest compounded monthly with monthly payments for…

A: We can use this formula to calculate the monthly payment, Monthly payment = Prk1-1+rk-Nk Where r is…

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Q: A loan of $27,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: A=P1+rtP is the initial amountA is the amount after t years.r is the rate of interest

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Q: A loan of $27,000 is made at 8.25% interest, compounded annually. After how many years will the…

A: The loan is $27,000. The rate is 8.25%. The amount is $88,000. The formula for compounded annually…