For a simple interest loan with interest rater (expressed as a decimal), the amount A due at the end of t years on a principal P borrowed is P = A(1 + rt). (A) True B False
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- A couple borrows $4,000 from a lending company for 6 years at 12% At the end of 6 years, it renews the loan for the amount plus $ 4,000 more for three years at 12%. What is the lump sum dueWhenever the interest charge for any interest period (a year, for example) is based on the remaining principal amount plus any accumulated interest charges up to the beginning of that period, the interest is said to be: a. effective interest b. compound interest c. simple interest d. nominal interest e. none of the choicesIn 1803, Napoleon sold the Louisiana Territory to the United States for $0.04 per acre. In 2017, the average value of an acre at this location is $10,000.What annual compounded percentage increase in value of an acre of land has been experienced?
- What is equal-payment-series present-worth factor?If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be: A. 10% per annum B. 10.10 per annum C. 10.25% per annum D. 10.38% per annumMiss Emma borrowed $3,000 from a lending company for 3 years at 12%. At the end of 3 years, it renews the loan for the amount due plus $2,000 more for 2 years at 12%. What is the lump sum due?
- Cash Flow is based on the notion that a dollar paid in the future is less valuable than a dollar paid today. Part 2 The present value of a loan in which $1000 is to be paid out a year from today with the interest rate equal to 5% is $.(Round your response to the neareast two decimal place) Part 3 If a loan is paid after two years, and the amount $7000 is to be paid then with a corresponding 7%interest rate, the present value of the loan is $.(Round your response to the neareast two decimal place)Cash Flow is based on the notion that a dollar paid in the future is less valuable than a dollar paid today. Part 2 The present value of a loan in which $1000 is to be paid out a year from today with the interest rate equal to 5% is $. (Round your response to the neareast two decimal place) Part 3 If a loan is paid after two years, and the amount $7000 is to be paid then with a corresponding 7% interest rate, the present value of the loan is $. (Round your response to the neareast two decimal place)Calculate the annual force of interest which is equivalent to an effective rate of interest of 2.2% per 3 months. No tables, Only formulas, please
- If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be: 10.10% per annum 10% per annum 10.38% per annum 10.25%per annumWhat would be the selling price of a 10-year bond with a face value of 100000, interest at 20% which is paid quaterly if an investor desires to earn a 16% nominal interest on 100000 worth of these bonds?Suppose a certain manufacturer deposits $3, 000 at the beginning of each 3 month period for 8 years in an account paying 8% interest compounded quarterly. (Round your answers to the nearest cent.) (a) How much (in $) will be in the account at the end of the 8 year period? $ Incorrect: Your answer is incorrect. (b) What is the total amount (in $) of interest earned in this account? $ Incorrect: Your answer is incorrect
