Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.)...
Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $14,000 at 5% for 10 years if the interest is compounded in the following ways. (a) annually $ (b) quarterly $
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)
$29,000 after 7 years at 3% if the interest is compounded in the following ways.
(a) annually
$
(b) quarterly
$
Homework Answers
The answer to question is
answered in 2 parts .Part 1 is all about finding the compounded
amount at end of 10 years.(annually and quarterly ) using the
formula.
Part 2 is about the present value of the compounded amount which is calculated as per given cases annually and quarterly.
Add Answer to:
Determine the amount due on the compound interest loan. (Round
your answers to the nearest cent.)...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $26,000 after 6 years at 5% if the interest is compounded in the following ways. (a) annually $ (b) quarterly $
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $27,000 after 6 years at 3% if the interest is compounded in the following ways. (a) annually $ (b) quarterly tी
Calculate the present value of the compound interestloan. (Round your answers to the nearest cent.)...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)$25,000 after 7 years at 4% if the interest is compounded in the following ways.(a) annually $ (b) quarterly $
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....
For the following investment, calculate the present value (principal) and the compound interest. Round your answers...
For the following investment, calculate the present value (principal) and the compound interest. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%) Interest Compounded Present Value Compound Interest $130,000 14 years 8 annually $ $
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 8% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $100,000 4 4 $0.00 Need Help? Read It Talk to a Tutor 10. -11 points HarMathAp 126.5.025. A couple who borrow $50,000 for 20 years at 8.4%, compounded monthly, must make monthly payments of $430.75. (Round your answers to the nearest cent (a) Find their unpaid balance after 1 year...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $180,000...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $180,000 for 3 years at 7% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $180,000 1 $ $ $ $ 2 $ $ $ $ 3 $ $ $ $0.00
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 10% compounded annually Period Payment Interest Balance ReductionUnpaid Balance $100000 $0.00
Find the compound amount for the deposit. Round to the nearest cent. $9,000 at 7% compounded...
Find the compound amount for the deposit. Round to the nearest cent. $9,000 at 7% compounded semiannually for 10 years O A. $12,695.39 OB. $17,704.36 OC. $17,908.10 OD. $9,006.30 Click to select your answer. Type here to search Find the amount of compound interest earned. $9,000 at 5% compounded annually for 3 years O A. $1,441.63 O B. $1.418.63 O C. $1,935,000.00 OD. $19,350.00
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $10,000...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $10,000 for 1 year at 12% compounded quarterly Period Payment Interest Balance Reduction Unpaid Balance $10,000 1 $ 2 $ 3 $ 4 $0.00
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $27,000 after 6 years at 3% if the interest is compounded in the following ways. (a) annually $ (b) quarterly tी
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 8% compounded annually Period Payment Interest Balance Reduction Unpaid Balance $100,000 4 4 $0.00 Need Help? Read It Talk to a Tutor 10. -11 points HarMathAp 126.5.025. A couple who borrow $50,000 for 20 years at 8.4%, compounded monthly, must make monthly payments of $430.75. (Round your answers to the nearest cent (a) Find their unpaid balance after 1 year...
Develop an amortization schedule for the loan described. (Round your answers to the nearest cent.) $100,000 for 3 years at 10% compounded annually Period Payment Interest Balance ReductionUnpaid Balance $100000 $0.00
Find the compound amount for the deposit. Round to the nearest cent. $9,000 at 7% compounded semiannually for 10 years O A. $12,695.39 OB. $17,704.36 OC. $17,908.10 OD. $9,006.30 Click to select your answer. Type here to search Find the amount of compound interest earned. $9,000 at 5% compounded annually for 3 years O A. $1,441.63 O B. $1.418.63 O C. $1,935,000.00 OD. $19,350.00
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