How much should I invest today and expect a reimbursement every other month with a ROR of 0.1 compounded bi-monthly for 4 years? I expect to receive every other month an amount of 5,883.

Q:

A: As per the given information: Amount of loan - $164,000 Rate of interest - 8% Period - 11 years To…

Q: If you want to have $5600 at the end of 9 years, how much money you need to deposit today into an…

A: If you want to have $5600 at the end of 9 years, the money you need to deposit today into an account…

Q: Daysha would like to save $460 at the end of every three months for the next 6 years in a savings…

A: As per the given information: Interest rate - 1.92% compounded annually Amount deposited at the end…

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: Given that;Payment amount is $1000 Interest rate is 3.2%, as it is compounded quarterly, the rate we…

Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.12…

A: Bi-monthly receipt amount (C) = 5822 Annual interest rate = 0.12 Bi-monthly interest rate (r) =…

Q: How much should you deposit at the end of each month into an investment account that pays 9%…

A: As per Bartleby Guidelines, we are allowed to do only one question if multiple different questions…

Q: How much must I prepare today if I want to have P50,351 at each end of the month as long as I live…

A: monthly rate = (1 + 9.8%/6)1/2 -1 = 120 amount needed at the end of 10 years = 50,351/0.8134% =…

Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.11…

A: An annuity is a stream of equivalent periodic cash flows over a specific period. In this stream,…

Q: You borrow $5000 at 10% per year and will pay off the loan in 3 equal annual payments starting one…

A: Calculation of Payment at the end of Year 2:The interest payment is $348.94 and principal payment is…

Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.08…

A: Interest rate bi-monthly = 8% Annual effective rate of interest = {[1 + (Interest rate pa % / Number…

Q: If you deposit $8700 today in an account that pays 8.5% per year, compounded quarterly, how much…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If you deposit $6800 today in an account that pays 5.0% per year, compounded quarterly, how much…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: I invest 33,996 today and expect a reimbursement every 6 months with a ROR of 0.1 compounded…

A: solution given Present value of investment 33996 Rate of interest 10% Semiannual…

Q: a) i) Ali is paying off a loan by making $50 payments at the end of every month for 2 years, at 6%,…

A: Loan is a borrowed amount taken for the purpose of completing the shortage of funds. When an…

Q: You plan to deposit $100 at the end of every quarter (3 months) for 8 years starting at the end 8f…

A: Compound interest is the nothing but an interest on a deposit computed on principal amount and the…

Q: You would Ilike to have $59,000 in 5 years for the down payment on a new house following graduation…

A: Note: No intermediate rounding is done, only the answer is rounded off to nearest whole number.a)…

Q: You would like to have $15,000 in 4 years for a down payment on a home. How much would you need to…

A: Future value or amount required for down payment = FV = $15,000 Semiannual period of annuity = t = 8…

Q: What will be your annual payment if you take nowa loan of $164,000 with annual equal repayments over…

A: Loan amount = $164,000 Loan period = 11 years Interest rate = 0.08 (i.e. 8%) Amount of annual…

Q: How many semi-annually payments will it take for $550.00 deposited at the end of each half year to…

A: Future value (FV) = $12500.00 Semi annual deposits (PMT) = $550 Compounding per year (C/Y) = 12…

Q: How much must I prepare today if I want to have P53,484 at each end of the month as long as I live…

A: The series of cash flows received at the end of each month forever will be called a perpetuity. The…

Q: How much must I deposit into an account every month to have $1,500,000 in 15 years at a rate of 7%…

A: A recurring deposit is a special type of term deposit offered by banks which help people with…

Q: You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: If you borrow $800 for 6 months at 4% annual simple interest, how much must you repay at the end of…

A: Borrow amount (principal)= 800 Interest =4% Period =6 months

Q: how much should I invest today and expect a reimbursement every other month with a ROR of 0.08…

A: ROR = 0.08 Bi-monthly ROR (R) = 0.08/6 = 0.0133333333 Period = 4 Years Number of bi-monthly payments…

Q: How much should Mang Juan deposit in his account every month to accumulate 1,000,000 in 15 years if…

A: Given information : Expected amount 1000000 Time period 15 Interest rate 7% Effective…

Q: You would like to have $59,000 in 5 years for the down payment on a new house following graduation…

A: Future Value= $59,000; No. of periods= 5*4= 20 years, Interest rate per period = 4.24/4=…

Q: Assume that you make quarterly payments of $ 400 into an annuity paying 6% interest compounded…

A: Future value of annuity formula is: Future value of annuity is calculated in excel with function…

Q: how much is this account worth in today's dollars?

A: Present value: It is the present worth of the annuity cashflows discounted over a period of time.…

Q: You deposit $27,000.00 in an account that pays 4% compounded annually and immediately start making…

A: Given:

Q: How many months will it take you to pay off a loan of $11,000 at 3% APR compounded monthly if you…

A: Loan = 11000 APR = 3% Monthly Compounding Interest Rate = APR / Number of compounding periods =…

Q: If I plan to avail of a loan today and I will pay it P7,338 every start of the month for 6 years…

A: monthly rate (r) = (1 + 11.6%/4)1/3 - 1 = 0.9575% FV = 0 N = 6*12 PMT = 7,338 use PV function in…

Q: If I invest PI0,387 today and expect a reimbursement every 6 months with a rate of l1.54% compounded…

A: solution : given present investment (PV)              =P 10,387 rate of interest…

Q: If you deposit $110 every month for the next 7 years, with first deposit to be made today and all…

A: In this we have to calculate equivalent monthly compounding rate and calculate the future value.

Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.08…

A: rate = 8%/6 N = 4*6 PMT = 5245 FV = 0 use PV function in Excel

Q: How much must be deposited at the beginning of each month in an account that pays 6% compounded…

A: Monthly rate = 6%/12 = 0.5% Number of periods = 7*12 = 84 Future value required is $31,000 Find…

Q: A retirement account has $260,000.00 that will be used to start an annuity that earns 4.1%,…

A: Please see the next step for the solution

Q: You deposit $83000 into an account which pays 6% compounded semiannually. How much can you withdraw…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: a.) What is the monthly rate? b.) How many total deposits?

A: Information Provided: Amount = $750,000 Term = 4 years Interest rate = 15% compounded monthly

Q: Mr. Gordon plans to invest $600 at the end of each month in an account that pays 12%, compounded…

A: a) An ordinary annuity may be a set of identical installments paid over an indicated sum of the time…

Q: If you want to have $7700 at the end of 9 years, how much money you need to deposit today into an…

A: Present Value refers to the value of cash flows today which is to be received at some future time…

Q: You deposit $96000 into an account which pays 7% compounded semiannually. How much can you withdraw…

A: The initial deposit (PV) is $96,000 and the rate of interest is 7%. The interest is compounded…

Q: If I plan to avail of a loan today and I will pay it P6,208 every end of the month for 6 years…

A: FV = 0 rate (monthly) = (1 + 11.29%/4)1/3 -1 = 0.9321% PMT = 6208 N = 6*12 use PV function in Excel

Q: How much should t invest today and expect a reímbursement every other month with a ROR of 0,08…

A: Present Value of annuity refers to the current value of all the series of payments or income at…

Q: You deposit $76000 into an account which pays 4% compounded semiannually. How much can you withdraw…

A: When the instalments that are incurred at regular intervals for a not defined time period, the…

Q: What amortization payment would you need to make every month, at 12% interest compounded monthly, to…

A: Monthly Payment is the payment that is to be paid monthly for a specific period of time to repay the…

Q: What will deposit of $80 made at the end of each month amount to after 4 years if interest is 4.8%…

A: The formula used as follows:

Q: If l invest 25,363 today and expect a reimbursement every 6 months with a ROR of 0.09 compounded…

A: Let the reimbursement expected semiannually = A The amount of 25363 is the present value of annuity.…

Q: Starting in 3 years, you want to be able to withdraw P7,308 every three months for 8 years. You want…

A: Quarterly amount to withdraw (Q) = P 7308 n = 8 years = 32 quarters Interest rate = 5.25% monthly…