Find the present and future values of a constant income stream of $5600 per year over a 9 year period at an interes Round your answers to the nearest cent. a) Find the present value of the income stream. Present Value = $ 44169.1610 b) Find the future value of the income stream. Future Value = $ 57860.0308 c) How much of the future value is from interest2 Answer - 1ak00 86 ...

Q: 6. A person borrows $45000 at an interest rate of 12% per year. It is desired to repay the loan in…

A: Given: Principal amount =$45000 Interest rate=12% Total number of payment=12 For each payment, the…

Q: $11,000 is invested for 9 years at an annual simple interest rate of 11%. (a) How much interest…

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Q: Use simple interest formula: Principle=?  Rate=   3.45%         Time= 9 months    Interest=  51.75…

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Q: Consider a home mortgage of $200,000 at a fixed APR of 6% for 30 years? a. Calculate the monthly…

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Q: $12,000 is invested for 3 years at an annual simple interest rate of 15%. (a) How much interest…

A: (a) Consider the formula for the simple interest is, SI=PRT Then, SI=12000151003=$5400 Thus, the…

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Q: find the maturity value of an investment of $1200 invested at 6% simple interest for 5 years

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Q: a) A credit union has issued a 2 years loan of $6,000. Simple interest is charged at  a rate of 8…

A: Formula of Simple interest: A=P1+rt where A= Final amount P= Initial Principal balance r= Annual…

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Q: Find the total value TV of the given income stream and also find its future value FV (at the end of…

A: Given, R(t)= 24,000 0<=t<=16 i=4%= 0.04 Therefore, a=0 b=16

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Q: A car is to be purchased in monthly payments of 19,500 php for 5 years strating at the end of 3…

A: Given: Car monthly payment=19500 for five years Interest rate=10% To find: Cash value of the car.

Q: (a) Find the future value in 10 years of a payment of $12,000 made today. Round your answer to two…

A: Given that the amount is $12000, rate of interest per annum is 2%. We have to find the future value…

Q: Use simple interest formula: Principle=6850    Rate= 5%           Time=?     Interest= ?…

A: to find time and interest using simple interest

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Q: Assume you have a balance of $1000 on a credit card with an APR of 24%, or 2% per month. You start…

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Q: Use simple interest formula: Principle=10000    Rate=4.5%            Time=  ?   Interest=   1350$…

A: The formula for Simple Interest is, Simple interest =Principle value × Rate × Time100 The formula…

Q: Use simple interest formula: Principle=8400    Rate= ?           Time=60 days     Interest=    1260$…

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Q: 2. A savings account of £10 000 earns simple interest at 5% per annum. Calculate the value of the…

A: To calculate the future value in account first we find Simple interest using formula : S.I. =PRT/100…

Q: $11,000 is invested for 6 years at an annual simple interest rate of 16%. (a) How much interest…

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Q: The future value of that money is?

A: P = Principal Amount = 6000 R = Rate of Interest = 8% n = no. of interval = 1 year

Q: Consider a home mortgage of $ 200 comma 000 200,000 at a fixed APR of 4.5 4.5 % for 30 30 years. a.…

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Q: Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary…

A: rate of interest is 8.5%

Q: Find the future value of a annuity with a monthly deposit of $10 at an interest rate of 2.6% per…

A: Here we have to find future value of annuity. For this we will use the formula given below

Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

A: HERE GIVEN MONTHLY PAYMENT IS MADE FOR 22 YEARS IT MEANS 12 PAYMENTS PER YEAR. AND OTHER DETAILS ARE…

Q: 4. You put 5000 dollars in a saving account that pays 2.5 percent interest annually. What is the…

A: From the given information, the principal is P=5000, interest rate 2.5% and the time is n years.…

Q: Solve for the unknown interest rate in each of the following: (Do not round intermediate…

A: We know thatFV=PV(1+i)n  From this formula: i=FVPVn-1We need to find i and all other data is…

Q: . A man paid 10% down payment of Php 200,000 for a house and lot and agreed to pay the balance on…

A: We can solve maximum one question as per our guideline ,you can repost other parts

Q: What present amount is necessary to attain a future amount of $740 in 8 months, using an annual…

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Q: Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of…

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Q: A company borrowed $45,000 for 3 years at 5% COMPOUNDED MONTHLY. It will NOT make any payments on…

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Q: Suppose you receive $100 at the end of each year for the next three years.  a) if the interest rate…

A: Present value =Amount Received ×PVFA (8%,3)                          =$100×2.577…

Q: Find the present value of the given future ame

A: Given, $66,882 for 278 days at 6.3% simple interest. Assume 360 days in a year.

Q: one particular month, a person has a balance of $$ 1,470 on their credit card for 12 days. They then…

A: Given data, balance (xi) Days (wi) 1470 12 2820 11 2700 8   What is their average daily…

Q: Use simple interest formula: Principle=5000    Rate=  ?          Time= 2yrs    Interest=   ?…

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Q: Your sister is considering a 30-year, 1,000,000 PhP mortgage that charges 0.5% interest each month.…

A: The formula to calculate the EMI that is the equal monthly installment is: Here, Monthly payments =…

Q: An investment of 250,000 php will be made at a certain bank that offers four different investment…

A: Given problem:- An investment of 250,000 php will be made at a certain bank that offers four…

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Q: Find the total value TV of the given income stream and also find its future value FV (at the end of…

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Q: You wish to retire at age 50 and receive annual birthday payments of $40,000 beginning on your 50th…

A: Here, Annual payment. P=$ 40,000 and rate, r=4%

Q: Use simple interest formula: Principle=?    Rate=       2%     Time=   ?  Interest= 2500…

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Q: You secured a RM40,000 loan from Bank KMP (BKMP) in May 2019 at an interest rate of 6% per year…

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Q: Payment of $882 due 1 month ago and $498 due today are to be repaid by a payment of $400 one month…

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Q: for 20 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of…

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Q: 7. Find the future value (A = P + Prt) of a simple interest investment of $1600 invested for 5 years…

A: To find the future value.

Q: 2. Determine the final amount after 20 years with a 5% annual interest rate if: a. you invest $10…

A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…

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Q: Find the total value TV of the given income stream and also find its future value FV (at the end of…

A: