What is the present value of 7 receipts of $2960 each received at the beginning of each. Discounted at 9% compounded interest
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What is the present value of 7 receipts of $2960 each received at the beginning of each. Discounted at 9% compounded interest
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- Sharapovich Inc. borrowed $50,000 from Kerber Bank and signed a 5-year note payable stating the interest rate was 5% compounded annually. Sharapovich Inc. will make payments of $11,548.74 at the end of each year. Prepare an amortization table showing the principal and interest in each payment.What is the present value of 6 receipts of $2,810 each received at the beginning of each period, discounted at 9% compounded interest?What is the present value of 6 receipts of $3,170 each received at the beginning of each period, discounted at 9% compounded interest? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) The present value $
- If a principal of P3840 earns interest of P204 in 3 years and 5 months, what is the simple interest rate in effect? In 2 decimal places in percentA debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the end of each year for 4 years. 1. What is the balance remaining (BAL) after the first payment? 2. What is the principal repaid (PRN) in the first period? 3. What is the interest paid (INT) in the first period?Ahlam borrows AED 3,000,000 to be repaid over 6 years at 8 percent. What is the repayment of principal in the first three years and the total interest to be paid .
- 1. The principal amount is P7000 at 6% compounded bi-monthly. Compute for the interest after 9 years.How much interest is earned in 4 years on P8,000.00 deposited in an account paying 6% interest, compounded semi-annually.The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Find how much money will be in the account after the given number of years (Assume 360 days in a year.), and how much interest was earned. A = PntP = A = PertY = n - 1Principal: $6500Rate: 7%Compounded: quarterlyTime: 4 years
- A debt of 20,000 with 12% interest compounded semi-annually is to be amortized by semi-annual payment over the next 6 years. The first due in 6 months. Determine the semi-annual payment. ANS = 2,385.54Assume the following annual payments of notes payable of Demi Company with 10% discount rate. 1st Year - P300,0002nd Year - P200,000 3rd Year - P400,000 What is the present value of the annual payments?How much interest (in dollars) is earned in 7 years on $8,800 deposited in an account paying 7% interest compounded semiannually? (Round your answer to the nearest cent.)
