What is the present value of $9,500 payable at the end of 7 years? Use a nominal rate (monthly compounding) of 8.25%. $4,995 $4,826 $5,409 $4,845 $5,342

Q: An annuity that pays $1100 at the end of each month for 23 years sells for $120,000. What was the…

A:

Q: At what effective annual rate of interest i will a payment of $7,000 accumulate to $8,179.57 in 4…

A: An effective annual rate is defined as the rate of an interest, which is actually earned on…

Q: What is the present worth of the followingseries of payments?(a) $1,500 at the end of each year for…

A: A series of recurring fixed payments over a particular period of time is called as annuity. To…

Q: A deposit of $11903 earned interest at 8% compounded quarterly. After 3 years, the interest rate is…

A: Compound interest refers to the amount which is added to the earned interest back into the balance…

Q: Determine the periodic paymen $80,000 borrowed at 8% for 9 years, with monthly payments PMT = $

A: PMT can be calculated by using this formula PMT =PV*i1-1(1+i)n Where PV =Loan amount            i=…

Q: 4. Quarterly payments of P2,000 for 5 years with an interest rate of 8% compounded quarterly.…

A: 4. To calculate the future value: FV=Principle(1+rate)n For quarterly payments:…

Q: You place $4000 into an account paying 8% compounded annually. Inflation is 2.5% during each of the…

A: The real rate of return is the actual rate of return after taking inflation into account. The…

Q: a) $15,000 is invested in an account at time 0. At the end of 4 years, an additional $15,000 is…

A: Investment at time 0 15000 investment at the end of 4 years 15000 Rate of Interest for 10 years…

Q: Determine the principal remaining after 38 monthly payments have been made for a 5-year loan of…

A: The monthly payments of the loan carry the payment of principal and payment of interest on loan and…

Q: An investment of $1,050 is made in an account compounded semi-annually at 6.8%. How much will the…

A: It can be calculated using FV function in excel. FV (rate, nper, pmt, [Pv], [type]) Rate The…

Q: Find the present value of 11,600 due at the end of 7 years and 6 months if money is worth 4 ½%…

A: Future value (FV) = 11,600 Period = 7.50 Years Period in semi annual (N) = 7.50*2 = 15 Annual…

Q: A loan of 125,000 will be repaid by payments at the end of each month over 30 years. Payments for a…

A: Monthly payments are the loan re-payments paid by the borrower of the loan to the lender. It…

Q: The present value of $60,000 to be received in one year, at 6% compounded annually, is _____…

A: Option d is the correct option.

Q: Money borrowed today is to be paid in 7 equal payments at the end of each quarter. If the interest…

A: A financial measurement that calculates the worth of a potential sum of money or stream of payments…

Q: $3,000 is invested at 8%p.a compounding semi-annually for the first 3 years and at 13% p.a…

A: The compounding method is an important technique of the time value of money. The compounding…

Q: An investment of $1831.00 earned interest semi-annually. If the balance after 5.5 years was…

A: Using excel RATE function

Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…

A: PV=FV11+rn=$70011+4.54×1004×3+$500011+4.54×1004×5=$612.062293+$3997.59977=$4609.66206=$4609.66

Q: 40,000 is repaid over 9 years with payments occurrir = the size of the periodic payment? = the…

A: interest rate is compounding quarterly so we have to find effective annual interest rate.

Q: What is the present value of ₽5,000 payable semi-annually for 10 years if money is worth 9%…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A debt of P10,000 with 10 % interest compounded semi-annually is to be amortized by semi-annual…

A: Debt amount (PV) = P 10,000 Interest rate = 10% Semi annual interest rate (r) = 10%/2 = 5% Period =…

Q: Ten annual payments at an interest rate of 7% are made to repay a loan of $9000. Build the table…

A: Yearly Payments implies, regarding any Material Contract, the aggregate sum of the installments…

Q: How much must be deposited at the beginning of each quarter in an account that pays 5% compounded…

A: In this question payment per quarter has to be find out. Future value , rate of return and number of…

Q: A loan of $401,000 at 5.02% compounded quarterly was to be settled with month-end payments of…

A: Future worth is computed by multiplying the existing value with a given interest rate.

Q: A sum of P1,000 is invested now and left for 8 years, at which time the principal is withdrawn. The…

A:

Q: hat is the future worth of P8500 deposited at the end of every month for 3 years if the interest is…

A: The future value of money includes the amount deposited and the interest accumulated over the period…

Q: A deposit of $14625 earned interest at 5% compounded quarterly. After 3 years, the interest rate is…

A: The time value of money appears to be a concept that anybody may apply to compute the value of money…

Q: At nominal rate compounded quarterly will P0.5 million accumulated at P760,000 in 4 years?

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: Calculate the future value of end-of-quarter payments of $5,000 made at 6.10% compounded monthly for…

A: Given rate is 6.1% compounded monthly effective annual rate is = (1+0.061/12)^12 -1 = 6.2734% Rate…

Q: What is the present value of an annual payment of $9,500 discounted back 8 years at an annual rate…

A: given, A=$9500 r=3% n=8

Q: A. find the monthly payment of an ordinary if the present value is P18,500 with an interest rate of…

A: A) Present value of annuity = P 18500 Interest rate = 10% quarterly compounded n = 6 years = 72…

Q: Calculate the present value. (Round your answer to two decimal places.) A = $35,000, r = 14%…

A: Formula: Present value = Amount / (1+rate)^years

Q: The present value of $42,000 to be received in two years, at 12% compounded annually, is (rounded to…

A: Answer:- correct Option is c. $33,482.

Q: $100 is deposited each quarter for 5 years. What is the future value of the account if interest rate…

A: FORMULA FVA = P*[(1+R)N-1]/R Where FVA - Future value of annuity P - Quarterly deposit amount i.e.…

Q: WSS Financial is paying 9% interest compounded monthly. Find the future value of P60,000 deposited…

A: Given, The quarterly payments P60,000 Number of years is 4. Rate of interest is 9% compounded…

Q: What value of r will make the future value of the account P5, 200 in six months?

A: Future Value: It is the future worth of the present cashflows or the present sum of money. Future…

Q: Consider a loan of 800,000 which is to be amortized by 60 monthly payments. The interest rate is 12%…

A: Solution:- When an amount is borrowed, it can either be repaid as lump sum payment or in…

Q: Chapter 7 Self Test Problem #2

A: Formula:

Q: $10,000 is borrowed at 10% a year interest for five years. At the end of each year, the borrower…

A: Computation:

Q: 1. a. In a savings account 3% annual interest rate compounded monthy, P 1,000 is deposited at the…

A: Note: It is a case where the number of questions asked is more than one and no specified question is…

Q: CalculatorDetermine the present value of $43,000 to be received in one year, at 6% compounded…

A:

Q: A debt of $10,000 is to be repaid by equal Monthly payments at the end of every month for 1 year.…

A: Debt amount = $10,000 interest rate = 6% compounded semi-annually number of payments = 12 ( monthly)

Q: Find the present value

A: Time value of money (TVM) means that the amount of money received today will be worth more than…

Q: What is the future worth of the following seriesof payments?(a) $75,000 at the end of each six-month…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Determine how much is in each account on the basis of the indicated compounding after the specified…

A: As per the guidelines we are allowed to solve the first three parts only The account value can be…