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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…
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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
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A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=300 r=9%=0.09 t=4 years…
Q: A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the…
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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: 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.
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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: 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: 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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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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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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A: Only you have to careful what the question saying...wheather it is compounded yearly or compounded…
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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
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.
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: 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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A: FV=PMT1+rnnt-1rn FV=51000 t=2 years r=3%=0.03 n=12 for a monthly payment
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…
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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A: We can use this formula to calculate the monthly payment, Monthly payment = Prk1-1+rk-Nk Where r is…
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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A: The loan is $27,000. The rate is 8.25%. The amount is $88,000. The formula for compounded annually…
