Task 17 You have to pay $12,000 a year in school fees at the end of each of the next six years. If the interest rate is 8% annually, how much do you need to set aside today to cover these bills?
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Task 17
You have to pay $12,000 a year in school fees at the end of each of the next six years. If the interest rate
is 8% annually, how much do you need to set aside today to cover these bills?
Task 18](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6b7e346d-c0c4-4f7b-9c53-f237014dfd67%2Ff78a1855-b92d-43d9-9bf5-de79024a1338%2Fv4nr05_processed.jpeg&w=3840&q=75)
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- Question 20 You owe $26,000 on student loans at an interest rate of 3.6% compounded monthly. You want to pay off the loan in 15 years. You should show your work for this problem. nts What will your monthly payments be? How much interest do you pay? > Next Question mplete 3110 8rcert Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every 3 months in an annuity that pays 5.5% compounded quarterly. (a) How much will you have saved at the end of 11 years? (b) Find the interest. (Round to the nearest dollar. For example, $247) ESL2 the ort Carnt +O C 159 01,902c ,05 O 0 S0ch SCQuestion 19 To pay for your education, you've taken out $27,000 in student loans. If you make monthly payments over 10 years at 6% APR interest compounded monthly, how much are your monthly student loan payments? Your Answer: Answer
- 10 &ercent Suppose that you earned a bachelor's degree and now you' re teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every 3 months in an annuity that pays 5.5% compounded quarterly. (a) How much will you have saved at the end of 11 years? (b) Find the interest. (Round to the nearest dollar. For example, $247) Cir C od S01 15 19 Cds ci0sd 0Q ut 43 SoQuestion 7 A person needs $20,000 immediately as a down payment on a new home. Suppose that she can borrow this money from her company credit union. She will be required to repay the loan in equal payments made every six months over the next 10 years. The annual interest rate being charged is 10% compounded bimonthly. What is the amount of each payment? Use the editor to format your answer9. I wish to borrow $400,000 to buy a house. If the current interest rate on the loan is 4.8% per annum, then my monthly repayment at the end of every month for the next 30 years is: Select one: a. $2,908.66 b. $2,098.66 c. $2,090.30 d. $1,111.11
- # 27 Hazli borrows an education loan from Usaha Bank for RM24,000. The payments will be made in installments at the end of the year. The loan is for five years and has a 10 percent annual interest rate. Calculate the annual payments that Hazli must make. Answer O RM6131.12 O RM6231.12 O RM6331.12 O RM6431.12* Question 11 What is the total amount you will have to repay for your $20,000 student loan if the interest rate is 5% APR with monthly compounding and you pay equal monthly payments over the 10 year life of the loan? Your Answer: Answer2. Upon graduating from college this year, you expect to earn $25,000 per year. If you get your BBA, in one year you can expect to start at $35,000 per year. Over the year, inflation is expected to be 5 percent. In today's dollars, how much additional (less) money will you make from getting your BBA (to the nearest dollar) in your first year? C -52,462 $8,333 $8,750 C $9,524 Extra credit: What if the salaries were 25,000 and 35000 for 20 years except that they grow with inflation? How would you decide on the extra year in school?
- of 14 campiet Question Help How much money should be deposited today in an account that eams 6.5% compounded monthly so that it will acoumulate to $14,000 in three years? vor The amount of money that should be deposited is $ 21 (Round up to the nearest cent.) 21 (2 ueProblem 04.045 - Effort to save money for early retirement In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1300 per month, starting one month from now, into a fixed rate account that pays 8% per year compounded annually. How much will be in the account at the end of 16.00 years? At the end of 16.00 years, the account will be $ 500068es of Finance | ZSpring20 spring21 Time left 1:25:4 If for the next 30 years you place OMR 3,610 in equal annual year-end-deposits into an account earning 11% per year, how much money will be in the account at the end of that time period? O a. OMR 797,496.56 O b. OMR 553,408.61 Oc OMR 34,836.90 Od. OMR 718,465.37 Oe OMR 31,384.59 CLEAR MY CHOICE NEXT PAGE CONTACT US P Type here to search %23 ort sc delete 8 - backspac G C V pause alt ctri