How much should I invest today and expect a reimbursement every other month with a ROR of 0.11 compounded bi-monthly for 4 years? I expect to receive every other month an amount of 5,853.
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A: Loan amount (P) = 163,085 Annual interest rate = 0.11 Monthly interest rate (r) = 0.11/12 =…
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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 I invest today and expect a reimbursement every other month with a ROR of 0.1…
A: Annual interest rate = 0.10.1 Bi monthly interest rate (r) = 0.1/6 = 0.016666667 Period = 4 years…
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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 0.08…
A: Interest rate bi-monthly = 8% Annual effective rate of interest = {[1 + (Interest rate pa % / Number…
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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…
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A: Note: No intermediate rounding is done, only the answer is rounded off to nearest whole number.a)…
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A: Future value or amount required for down payment = FV = $15,000 Semiannual period of annuity = t = 8…
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A: Future value (FV) = $12500.00 Semi annual deposits (PMT) = $550 Compounding per year (C/Y) = 12…
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A:
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A: Borrow amount (principal)= 800 Interest =4% Period =6 months
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A: Compound the money invested provides the future value of an investment.
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…
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A: Future value of annuity formula is: Future value of annuity is calculated in excel with function…
Q: You put $1,000 into a savings account today that offers a 55% APR with semi-annual compounding…
A: GIVEN, PV = $1000 N = 2 M = 2 (SEMI ANNUAL) R=55%
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: 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: what amount must be deposited now in order to withdraw 2,000 at the beginning of each month for 3…
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A: Annuity due are the payments which are made at the beginning of the period.
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A: Please see the next step for the solution
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A: Computation of monthly income:
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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…
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A: When the instalments that are incurred at regular intervals for a not defined time period, the…
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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…
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.