How much should a family deposit at the end of every 6 months in order to have $2000 at the end of 5 years? The account pays 5.1% interest compounded semiannually. (Round your final answer to two decimal places.)
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A: All the Answers are given below.
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A: Semiannually Withdrawal = 25,940 Interest rate = 8% compound quarterly
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- What is the present value of $500.00 to be paid in two years if the interest rate is 4%. $_____ (round to the nearest integer, no decimal point).Enrico Suarez has decided to purchase a house instead of renting anapartment. He can a ord a monthly payment of $800, and he has saved $6,000 to use as a down-payment on a house. If the mortgage is 4% nominal interest (compounded monthly) on a 30-yearloan, how much can Enrico a ord to spend on a house?As part of your retirement planning, you purchase an annuity that pays 4 % annual interest compounded quarterly if you make quarterly payments of $600 how much will you have saved in 5 years?
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