Saved N FV $1 PV $1 FVA $1 PVA $1 FVAD 51 PVAD $1 1.03000 0.97087 1.06090 o.94260 1.09273 0.91514 1.12551 0.88849 1.15927 0.86261 1 1.0000 0.97087 1.0300 1.00000 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 2.91347 4. 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6. 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 1.22987 0.81309 1.26677 0.78941 9 1.304770.76642 7 7.6625 6.23028 7.8923 6.41719 8. 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12 1.42576 0.70138 12.8078 9.25262 13.1920 9.53020 14.1920 9.95400 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 13 1.46853 0.68095 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 Rosie's Florist borrows $420,000 to be paid off in two years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment?
Saved N FV $1 PV $1 FVA $1 PVA $1 FVAD 51 PVAD $1 1.03000 0.97087 1.06090 o.94260 1.09273 0.91514 1.12551 0.88849 1.15927 0.86261 1 1.0000 0.97087 1.0300 1.00000 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 2.91347 4. 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6. 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 1.22987 0.81309 1.26677 0.78941 9 1.304770.76642 7 7.6625 6.23028 7.8923 6.41719 8. 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12 1.42576 0.70138 12.8078 9.25262 13.1920 9.53020 14.1920 9.95400 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 13 1.46853 0.68095 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 Rosie's Florist borrows $420,000 to be paid off in two years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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FV $1
PV $1
FVA $1
PVA $1
FVAD $1
PVAD $1
1
1.03000 0.97087
1.0000
0.97087
1.0300
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1.91347
2.0909
1.97087
1.09273 o.91514
3.0909
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3.1836
2.91347
1.12551 0.88849
1.15927 0.86261
1.19405 0.83748
4
4.1836
3.71710
4.3091
3.82861
5.3091
4.57971
5.4684
4.71710
6
6.4684
5.41719
6.6625
5.57971
1.22987 0.81309
7.6625
6.23028
7.8923
6.41719
8
1.26677 0.78941
8.8923
7.01969
9.1591
7.23028
1.30477 0.76642
10.1591
7.78611
10.4639
8.01969
10 1.34392 0.74409
11 1.38423 0.72242
11.4639
8.53020
11.8078
8.78611
12.8078
9.25262
13.1920
9.53020
14.6178 10.25262
16.0863 10.95400
12 1.42576
0.70138
14.1920
9.95400
13 1.46853 0.68095
15.6178 10.63496
17.5989 11.63496
17.0863 11.29607
18.5989 11.93794 19.1569 12.29607
20.1569 12.56110
14 1.51259 0.66112
15 1.55797 0.64186
16 1.60471 0.62317
20.7616 12.93794
Rosie's Florist borrows $420,000 to be paid off in two years. The loan payments are semiannual with the first payment due in six months, and
interest is at 6%. What is the amount of each payment?
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