What single payment today would replace a payment of $2,100 in 2 years and a payment of $5,000 in 6 years if the interest rate is 6.35% compounded monthly? Round to the nearest cent

Q: What lump sum do parents need to deposit in an account earning 12%, compounded monthly, so that it…

A: Given, The amount obtained after 10years is $100,000. interest rate is 12% & compounded monthly.…

Q: If $82,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Here, the present value is $82,000 The periodic rate of interest r=5.94%=1.475% quarterly n = number…

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A:

Q: If $84,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it…

A: The formula for compound interest is A = P (1+r/n)nt   Where A is the final amount, P = principal…

Q: A business must raise $70,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given : Amount to be raised = A = $70,000 Interest Rate = 0.03 Time period = 5 years n = compounding…

Q: What lump sum do parents need to deposit in an account earning 13%, compounded monthly, so that it…

A:

Q: If $80,000 is invested in an annuity that earns 5.8%, compounded quarterly, what payments will it…

A: Step:-1 Formula for annuity PV=P×1-(1+R)-nR Here, PV = present value, P= each payment value, R =…

Q: What lump sum do parents need to deposit in an account earning 15%, compounded monthly, so that it…

A: Given:F.V=100,000r=15%t=18years

Q: The Weidmans want to save $50,000 in 3 years for a down payment on a house. If they make monthly…

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Q: If a savings fund pays interest at a rate of 6% per year compounded semiannually, how much money…

A:

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: Given:

Q: What lump sum do parents need to deposit in an account earning 9%, compounded monthly, so that it…

A:

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A:

Q: A business must raise $60,000 in 7 years. What should be the size of the owners' quarterly payment…

A: NOTE: Refresh your page if you can't see any equations. . here we have FV=60000 t=7 years r=4%=0.04…

Q: If a savings fund pays interest at a rate of 2% per year compounded semiannually, how much money…

A: The amount to be invested is calculated using the formula,

Q: A business must raise $80,000 in 7 years. What should be the size of the owners' quarterly payment…

A: Here Pt=80000, t=7, n=4, r=3%=0.03 ,d=? *** This is the problem related to financial mathematics and…

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A: We know, A=P1+rnntA=final amountP=initial principal balancer =interest raten=number of times…

Q: The Weidmans want to save $35,000 in 3 years for a down payment on a house. If they make monthly…

A:

Q: What lump sum do parents need to deposit in an account earning 11%, compounded monthly, so that it…

A: This is a question of compound interest. Amount, A =$80000 Rate, R= 11% number of years, n= 13 let…

Q: The Pirerras are planning to go to Europe 5 years from now and have agreed to set aside $180/month…

A:

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A: amount must be set aside now to generate payments of $20,000 at the beginning of each year for the…

Q: If $89,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments will it…

A: Given that:  $89,000 is invested in an annuity that earns 5.5%, compounded quarterly. So, PV=$…

Q: Andrea, a self-employed individual, wishes to accumulate a retirement fund of $240,000. How much…

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Q: What initial investment is required by Jake to produce a maturing amount of $15,000 in 60 months'…

A: The formula for the compound interest is: A = P1+rnnt Here, P is the principal amount, r is the rate…

Q: With a present value of $140,000, what is the size of the withdrawals that can be made at the end of…

A: To find - With a present value of $140,000 what is the size of the withdrawals that can be made at…

Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: given: Pv=150,000 n=10 r=6.3% compounded quaterly

Q: A business must raise $50,000 in 8 years. What should be the size of the owners' quarterly payment…

A: Consider the provided question, given that, Amount (A) = $50,000 time(t) = 8 years rate of interest…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A:

Q: If $88,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

A: Given: Present value P =88,000 The interest rate (r) per quarter is 0.0564=0.014 The number of the…

Q: A business must raise $80,000 in 5 years. What should be the size of the owners' quarterly payment…

A: Given that  future value 80000 Time period 5 years  Interest rate 3%  To find the present value

Q: If a savings fund pays interest at a rate of 3% per year compounded semiannually, how much money…

A: Compound interest is a form increments in the savings where each increment is added regularly to the…

Q: If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what payments will it…

A: Given:-       If $89,000 is invested in an annuity that earns 5.9%, compounded quarterly, what…

Q: With a present value of $130,000, what is the size of the withdrawals that can be made at the end of…

A:

Q: What amount must be set aside now to generate payments of $20,000 at the beginning of each year for…

A:

Q: If $87,000 is invested in an annuity that earns 5.1%, compounded quarterly, what payments will it…

A:

Q: The Pirerras are planning to go to Europe 5 yr from now and have agreed to set aside $200/month for…

A: Given The periodic payment (R) $200 per month. Periodic interest rate (r) is 8% per year. Periods…

Q: A business must raise $80,000 in 8 years. What should be the size of the owners' quarterly payment…

A:

Q: The Weidmans want to save $40,000 in 3 years for a down payment on a house. If they make monthly…

A: Given data  D = 40,000 r = 0.12 N = 12 x 3 = 36  We want to make monthly deposit to generate a…

Q: A business must raise $90,000 in 6 years. What should be the size of the owners' quarterly payment…

A: According to the given information, Amount expected in future = $90000 There are four quarters in a…

Q: With a present value of $150,000, what is the size of the withdrawals that can be made at the end of…

A: Present value is $150,000 So, R=150,000 Money is worth 6.9% compounded quarterly. Therefore,…

Q: The Weidmans want to save $45,000 in 4 years for a down payment on a house. If they make monthly…

A: It is given that the Weidman’s want to save $45,000 in 4 years for a down payment.The interest is…

Q: What lump sum do parents need to deposit in an account earning 7% compounded monthly, so that it…

A: For compunded monthly, we have take n value as 12.

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A:

Q: A business must raise $90,000 in 5 years. What should be the size of the owners' quarterly payment…

A: givenAmount (A)=$90,000number of years(n)=5 yearsrate (R)=3%size of the owner's quartely paayment…

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

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Q: what is the unpaid balance immediately after the sixth payment?

A: Periodic payment (EMI) = $434.55 Interest rate per period, r = (6%)/4 = 1.5% Interest =…

Q: A $15,000 loan is to be amortized for 10 years with quarterly payments of $548.34. If the interest…

A: Consider the provided question, A $15,000 loan is to be amortized for 10 years with quarterly…

Q: What lump sum do parents need to deposit in an account earning 7%, compounded monthly, so that it…

A:

Q: What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it…

A: The compound interest formula is

Q: What lump sum do parents need to deposit in an account earning 8%, compounded monthly, so that it…

A: