1. Faith availed of a cash loan from Home Credit that gave her an option to pay 10,000 monthly for 1 year. The first payment is due after 6 months. How much is the present value of the loan if the interest rate is 12% converted monthly?

Q: How much more is a perpetuity of $2,000 worth than an annuity of the same amount for 10 years?…

A: Formula using here,  PV of perpetuity =Amountinterest rate =20004%=$50,000

Q: 1. Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the…

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Q: A $19,000 loan is to be amortized for 10 years with quarterly payments of $606.51. If the interest…

A: Given informationPrincipal loan amount (p) = $19,000Time (t) = 10 yearInterest rate(r) = 5%Quarterly…

Q: What is the equivalent annual cost in years 1 through 10 of a contract that has a first cost of…

A: Consider the equation

Q: 3. Mr. Buffett bought a property-by agreeing to make semiannual payments of $12,500 for seven years.…

A: Given, Amount of paymentPMT=12500Number of periodsN=7 Part(a): The formula for finding the present…

Q: A debt of $7000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A:

Q: A debt of $7000 is to be amortized with 8 equal semiannual payments. If the interest rate is 10%,…

A: The amortization formula is given by R=P i1-(1+i)-n where R is the periodic payment for the borrowed…

Q: Suppose a graduate student receives a non-subsidized student loan of $13,000 for each of the 4 years…

A: The term non-subsidized student loans refer to the loan in which the interest starts to accrue as…

Q: A $18,000 loan is to be amortized for 10 years with quarterly payments of $687.19. If the interest…

A: Given Data: P=Loan amount/ Principal=$18000 R=Rate of interest= 9% N= Number of monthly…

Q: A loan, amortized over 5 years, is repaid by making payments of $1,900 at the end of every month. If…

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Q: 14. Jeanine plans to deposit $875 quarterly for 3 years, into an account. With an interest rate of…

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Q: 7. How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: When the amount is withdrawn periodically, then the present value is given as here R = periodic…

Q: A loan, amortized over 7 years, is repaid by making payments of $1,600 at the end of every month. If…

A: Complete solution is below

Q: A debt of $9000 is to be amortized with 10 equal semiannual payments. If the interest rate is 5%,…

A: Note that, here P = $9000, r = 0.05, and t = 5 years (since 10 equal semiannual payments).…

Q: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

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Q: For how long can you withdraw $500.00 at the end of each month out of a fund of $10,000 deposited…

A:

Q: 2 Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the…

A: Given:-             Harry paid $250,000 for a 15-year indexed annuity in which the monthlypayments…

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: A debt of $9000 is to be amortized with 6 equal semiannual payments. If the interest rate is 7%,…

A: A debt of $9000 is to be amortized with 6 equal semiannual payments. If the interest rate is 7%,…

Q: (b) What will be the amount of an ordinary annuity of $100 each month for three years if interest at…

A: An ordinary annuity is a series of equal payments made at the end of each period of the specified…

Q: If you take out a $99,000 30-year mortgage at 7.1% compounded monthly: a. What is your Monthly…

A: We are interesting in finding the monthly payment for a  $99,000 mortgage at 7.1 % for 30-year . Use…

Q: Suppose that an annuity has a present value of P = 1 million dollars. What interest rate r would…

A:

Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…

A: answer is in next step

Q: A debt of $8000 is to be amortized with 10 equal semiannual payments. If the interest rate is 9%,…

A: Given the debt amount $8,000. Number of payments is 10 equal payments (Semiannually). Rate of…

Q: 11) As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 5 % compounded…

A:

Q: Mr. and Mrs. Onez bought a house and lot with a down payment of P1,000,000.00 and a yearly payment…

A: Given down payment =106, yearly payment =2×105

Q: Suppose that an annuity produces one payment per year for 17 years, starting on July 4, 1776. If the…

A:

Q: Today, Dora bought a condominium unit valued at ₱2,500,000.00. After making a down payment of…

A: We can use this formula to calculate the final amount, A = P1+rnnt, here P is 2,500,000-250,000 =…

Q: 4. Your mother bought an oven-toaster costing P12,000 if paid in cash. However, the saleslady told…

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Q: What is the present value of an annuity that consists of 30 monthly payments of $300 at an interest…

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Q: 1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When should the…

A: Given that,   1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When…

Q: What amount must be set aside on a boy’s seventh birthday, which will provide 24 quarterly payments…

A:

Q: A company estimates that it will need $161,000 in 18 years to replace a computer. If it establishes…

A: Use formula of compound interest

Q: What monthly payment is required to amortize a loan of $30,000 over 12 years if interest at the rate…

A: The loan amount is P = $30,000.The time is t = 12 years.Therefore, n = (12*12) installments = 144…

Q: 4. How much should be deposited in an account paying 7.5% interest compounded quarterly in order to…

A: Compound interest

Q: If you want to be paid from a 10 year ordinary annuity with a guaranteed rate of 7.01% compounded…

A: We have ,  Given  t = 10 years and r = 7.01% compounded annually Received amount  A = $2000 We know…

Q: What monthly payment is required to amortize a loan of $45,000 over 13 years if interest at the rate…

A:

Q: 32) As part of her retirement planning, Mrs. Smith purchases an annuity that pays 16% compounded…

A:

Q: A lease of $7,900 had to be repaid with payments of $300 at the beginning of every month. The…

A:

Q: 1. How much do you need to deposit into an account with 5.4% interest compounded monthly if you want…

A:

Q: What is the present value of an annuity that consists of 20 semiannual payments of $1000 at an…

A:

Q: 18. Lupe Martinez will owe her retired mother $45,000 for a piece of land. Find the required…

A: 18. Here the principal amount is $45000Time is 4 yearsinterest rate is 10% which compounded…

Q: 1. If you borrow Pho 30,000 at 7.5% simple interest annually for 10 years, how much will you have to…

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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: You are considering taking out a loan of $10,000.00 that will be paid back over 8 years with monthly…

A: L=PMT1-1+rn-trn PMT=135.84 n=12 for monthly payment r=6.9%=0.069 here we need to find the unpaid…

Q: Assuming that no payments are made during the time period, how much money would you owe back after 5…

A: Note: As per company guidelines we are supposed to solve only 1 question. So, kindly repost other…

Q: 19.) What is the maturity value of $12,000 loan for 18 months at 7.2% compounded quarterly? How much…

A:

Q: What monthly payment is required to amortize a loan of $50,000 over 15 years if interest at the rate…

A: Given: The loan value is $50,000. Time period is 15 years and annual interest rate is 9%. Periods…

Q: Suppose that an annuity will provide for 20 annual payments of 1540 dollars, with the first payment…

A: