What is the value of $2000 per year, at a discount rate 11% , if the first payment received 9 year from now and the last payment is received 27 year from today? Choose correct option 1) $6, 667.29 2) $6, 803.35 3) $6, 683.87 4) $ 15,778.59 5) $ 3,624.77

Q: What are the differences between Simple and General Annuity?

A: What are the differences between Simple and General Annuity?

Q: Bahay ni kuya sold for 3,500,000 pesos and the bank requires 30% down payment, what is the amount of…

A: mortgage = selling price - down payment down payment=selling price (down payment percentage)

Q: What is the annual opportunity cost of a checking account that requires a $300 minimum balance to…

A:

Q: What is the maturity value on a 7-year loan for $6,742 if the annual simple interest rate is 3.4%?…

A: Consider the given information. Here, PV=$6,742, n = 7 and r = 3.4%=0.034.

Q: If Sound Design sends in a partial payment of $40,000.00 within the discount period, what is the net…

A:

Q: A proposed alternative to the current Social Security system is to set-up an account with $12,000…

A: A proposed alternative to the current Social Security system is to set-up an account with $12,000…

Q: Two special discrete 20-year endowment insurance policies on (30) are issued. One policy provides…

A: given cost is $30449 if cost attainment $100000 cost is $ 37700 when amount increase of $ 20000 cost…

Q: Isn't this a General Annuity Due question?

A:

Q: What discount rate is used if the present value ₱89, 400 amounts to ₱135, 800 for 4 years and 5…

A:

Q: 1. Bank of Seguismundo offers a special instalment rate of 1% per month or 12%  per annum for…

A: Given that: Rate of interest, r=1% per month or 12% per annumPrincipal amount,  = 100,000Interest,…

Q: If a loan is to be repaid in 4 years making semi-monthly payments, how many payments will be made?

A: Given that a loan repaid in 4 years. And making semi-monthly payments. We have to find How many…

Q: Assume that 3-month Treasury bills totaling $33 billion were sold in $10,000 denominations at a…

A:

Q: In one particular month, a person has a balance of $$ 1,870 on their credit card for 10 days. They…

A: Topic- Average

Q: Varsity Press, a publisher of college textbooks, received a $70,000 promissory note at 12% ordinary…

A: As per bartleby expert policy, only first three subparts are to be answered. Kindly repost remaining…

Q: 5. In working problems involving interest, if the payment period of the interest is quarterly, then…

A: We know, quarter of a period is 14th of the period. Hence, In working problems involving interest,…

Q: If a series of trade discount rates are 22%, 11%, and 5%, what is the equivalent single trade…

A: Given that  The series of a trade discount rates are 22%, 11% and 5%.

Q: On March 1, Bear Mountain Tours borrowed $1,500. Three equal payments are required, on April 30,…

A: Given: Borrowed amount=$1500……1Three equal payments=x say……2Final payment=$400……3Interest…

Q: Assume the same couple above puts away $150 per month into the fund, also at 6%

A:

Q: Suppose we have a four year fixed-payment loan with $1000 payments made at the end of each year.…

A: $1000 payments made at the end of each year. Total amount at the end of 4 years is A=$1000*4=$4000.…

Q: 7. If a house is sold for P3,000,000 and the bank requires 20% down payment, find the amount of the…

A: Mortgage

Q: The simple interest rate which is equal to a discount rate of 12% per year for a period of 18 months…

A: For such type of problem we assume that principal value is 100.

Q: What is the purchase price of a 6-month T-bill with a maturity value of $2000 that earns an annual…

A: Maturity value of T-bill=$2000 Terms=6 months=180 days Interest rate=3.60% Assume number of days in…

Q: Investigate the effect of the term on simple interest amortized auto loans by finding the monthly…

A: term(months)(a) 36 48 60 Monthly payment(b) $354.29 =PMT(9.875%.12,36,-11000,0) $278.33…

Q: What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?

A:

Q: If the billing cycle length for a credit card is one calendar month, which month of the year has the…

A: The billing cycle length of credit card is one calendar month i.e. monthly In January the number of…

Q: 55 If a student loan in your freshman year is repaid plus 20% four years later, what was the…

A: If a amount P invested at a rate of interest r% per year for time t year.  Then the interest (I) is…

Q: 6. A payday loan company charges a $35 fee for a $550 loan that will be repaid in 17 days. If we…

A: We will follow the below steps to find the annual rate of interest for pay day loans

Q: Suppose that a student borrows $5000 at the start of their senior year of college. With a nominal…

A: The quarterly interest payment is calculated by multiplying the amount borrowed by the quarterly…

Q: What are the similarities between Simple and General Annuity?

A:

Q: What should be the annual discount rate of a loan if the simple interest rate is 8%?

A: Given Information : Simple interest rate = 8% or 0.08 Let discount rate be D. So, as we know Simple…

Q: When buying on installment, what is the formula for calculating the periodic payments?

A:

Q: 1. Calculate the trade discount (in $). Round your answer to the nearest cent. List price $385.00…

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

Q: At age 20, you start to work for a company and are offered two rather fanciful retirement options.…

A:

Q: A prospective car buyer can choose between a fixed and a variable interest rate and can also choose…

A:

Q: A bond issue is approved for building a regular payments of $96,000 every quarter into a sinking…

A: Given: To find the interest and amount how much will the city have to pay, The given details: i =…

Q: On September 4, 2021, the market value of the investments contained in the Brookstone Utilities…

A: We need to calculate value per share.

Q: 19. Capital Air, an air conditioning company, accepted a 150-day simple interest note for $8,500 at…

A: Given that, the note amount is $8,500. Period = 150 days. Discount rate = 12%.

Q: 4. The buyer of a certain machine may pay either Php 20,000 cash down payment and Php 20,00o…

A:

Q: The formula (1 + i)n is also called a. present value factor for lump-sum payment b. future value…

A: 2) The formula (1+I)^n

Q: A house is selling for $190,000. A deposit of $10,000 was made when the sales contract was signed.…

A:

Q: If a series of trade discount rates are 19%, 10%, and 6%, what is the equivalent single trade…

A: Given that: Series of discount rates are: 19%, 10%, 6%

Q: According to the pricelist published in the website of Apple, the cash price of their latest model,…

A: topic - algebraic operations option C

Q: 1 Consider a loan at 4.625% APR on 7 years for a $38,000 car.  a.  Estimate the monthly payment…

A: APR implies the Annual Percentage Rate, which is the amount of money a person pays on borrowing…

Q: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime…

A:

Q: Using the EOM, ROG, and Extra dating methods, calculate the discount date and the net date for the…

A: The discount period starts on November 28, the date of receive. Then the discount date in terms of,…

Q: Find the present value of an annuity-immediate that lasts five years and pays $3,000 at the end of…

A: To find the present value of annuity - immediate that last five years. To find this, we first…

Q: if we take out $230,000, 15 year mortgage with a rate of 6.6% what are the monrhly payments?

A: Given that, P=$230,0000, t=15 ,r=6.6% and n=12. Use the formula for the monthly payment, Monthly…

Q: What annual interest rate is earned by a 11-week T-bill with a maturity value of $1,500 that sells…

A: Future  value equation is  F=P(1+i)n, where F stands for future value of a product. P stands for…

Q: 9. What equal uniform annual payment for nine years beginning two years from now would be equivalent…

A: