Semi-annual paymnts of 150,000 pesos with an interest rate of 8% compounded annually for 10 years.

Q: Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly…

A: According to the given information, if a monthly payment P is deposited for 16 years with a return…

Q: Determine the value of an account at the end of 5 years if the principal amount of $14000 is…

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Q: e future value of an ordinary annuity of $100 paid at the end of each quarter for 2 years, if…

A: FV=C(1+r)n-1r×(1+r)C=$100  r= 6% = 0.06  n=2 years  compounded quarterly r=0.064  n=2×4=8

Q: What amount should you invest now if you want to receive payments of $1250 at the end of each…

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Q: Find the present value (in dollars) of an annuity that pays $8,000 at the end of each 6-month period…

A: P = $8000 r = 8% = 0.08 t = 6 years n = 2 [Compounded semiannually] Therefore,

Q: Find the present value (in dollars) of an annuity that pays $5,000 at the end of each 6- month…

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Q: Find the future value of the indicated principal 30000 at 8% compounded annually for 10 years

A: To find: The future value of the amount 30000 at 8% compounded annually for 10 years. Given: The…

Q: $7400 is invested for 5 years at 12% compounded quarterly. To the nearest cent, find the following:…

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Q: What is the present value of an annuity that pays $X per month for 10 years, where X is 2028 if…

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Q: Find the present value of the given future payment at the specified interest rate. $8000 due in 20…

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Q: In a certain account providing an interest rate of r compounded quarterly, 2500 is deposited every…

A: Given There are 2 cash flows "2500" with each occurring at the end of the quarter. The FV is given…

Q: A debt of $7000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

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Q: What will be the maturity value of ₱16,000 invested for 5 years at 15% compounded quarterly?

A: Formula: The compound interest formula is given by, A=P1+rnnt, where A-maturity value, P-principle…

Q: Find the present value of amount. $10,000 if interest is 6% compounded quarterly for 8 years

A: The formula for calculating compound interest when time period is specified in years and interest…

Q: The interest rate on a GIC is 4.50% compounded quarterly. What is the purchase price of the GIC if…

A: Find purchase price of GIC

Q: Find the amount needed to deposit into an account today that will yield pension payments of $30,000…

A: The compound interest formula is,

Q: A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A: Note that, here P = $9000, r = 0.05, and t = 5 years (since 10 equal semiannual payments).…

Q: Find the present value of the given annuity. 341 per month for 48  months at the rate of 3.6…

A: Present value of an annuity is given by the formula: PV=ar1-1(1+r)n where: a : Annuity.r : Interest…

Q: If the interest is compounded quarterly, find the nominal rate at which P1,996 accumulates to P3,500…

A: Introduction :

Q: Kristy Joe deposits $150 each month in an ordinary annuity to save for a new car. If the annuity…

A: We will find out the required savings for given ordinary annuity.

Q: Find the balance if $30000 is invested in an account paying 4.5 % interest compounded semi-annually…

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Q: Find the final amount in a retirement account that has a 7.4% interest rate compounded quarterly…

A: To find the final amount in the retirement account

Q: Calculate the amount you would end up with if you invested $5000 at an interest rate of 10.0% per…

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Q: Find the principal needed now to get each amount; that is, find the present value. To get $75 after…

A: If P is the principal or the present value and A is the amount accumulated in t years at the…

Q: Allison is 28 years old and plans to retire at age 65 with ​$530,000 in her retirement account.…

A: Let the principal amount be P He retires at an age of 65, that is, in 37 years from the date of…

Q: Find the present value of the given future payment at the specified interest rate. $5000 due in 40…

A: In the given question we have to find approximate present value.   According to our guidelines we…

Q: An investment company pays 4% compounded semi annually. Do you want to have 24,000 in the future.…

A: Given values:

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: The present value of the annuity is given by PV=P1-1+r-nr where P is the periodic payment, r is the…

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Q: Allison is 34 years old and plans to retire at age 65 with ​$1,380,000 in her retirement account.…

A: Given: Final amount is $1,380,000 Interest is 4% that is compounding daily Time is 31 years (from…

Q: Find the present value for the following future amount.   ​$4000 at 4​% compounded annually for 6…

A: As we know that the expression for the compound interest is:   A=P(1+rn)nt   Where,   A=Future…

Q: A debt of $8000 is to be amortized with 10 equal semiannual payments. If the interest rate is 9%,…

A: Given the debt amount $8,000. Number of payments is 10 equal payments (Semiannually). Rate of…

Q: Calculate the amount of money Daniel had to deposit in an investment fund growing a an interest rate…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: Suppose Grant needs to take out a loan. He can make quarterly payments of $1400 at the end of each…

A: Note: Hey there! Thank you for the question. As you have posted multiple questions, we have helped…

Q: At the time of a child’s birth, $10,000 was deposited in an account paying 3% interest compounded…

A: Quarterly rate is determined by dividing annual rate by 4.

Q: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

A: Find the present value (in dollars) of an annuity that pays $7,000 at the end of each 6-month period…

Q: Find the maturity value and compound interest if 30,000 is compounded quarterly at an interest rate…

A: We have to find maturity value and compound interest.

Q: In 6 years, Mrs. Fong must pay off a note with a face value of $14,000, and interest of 10% per…

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Q: What is the future value of $12,000 invested in an account that pays 4.25% compounded quarterly for…

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Q: A zero coupon bond with a face value of $23,000 matures in 14 years. What should the bond be sold…

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Q: Find the present value of $40,000 due in 4 years at the given rate of interest. 7%/year compounded…

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Q: In a certain account providing an interest rate of r compounded quarterly, P2,500 is deposited every…

A: P= 2500 Amount after interest =5200 interest rate of r compounded quarterly n=4/yr

Q: Findthe present value of $100,000 if interest is paid at a rate of %8 per year, compounded monthly,…

A: Given, Future value, FV = $100,000  Interest rate, R= 8% time, t =10 years. Compounde period…

Q: Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded…

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Q: Find the interest rate for an $8000 deposit accumulating to $10,620.25, compounded quarterly for 6…

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Q: A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%,…

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Q: Find the Present Value (P) and the Future Value (F) of semi-annual payments of P 8,000.00 for 12…

A: To find : The Present value (P)  and the Future value F of semi-annual payments of ₱ 8,000.00  for…

Q: Suppose you make a single deposit of $8000. Calculate the amount of money you will have in the…

A: Solution is given below:

Q: ou have set up a life annuity with a present value of $250,000. If your life expectancy at…

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Q: Find

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