How much money does Matthew have to repay each period if he borrows $248746 for 14...
How much money does Matthew have to repay each period if he borrows $248746 for 14 years at 11% p.a. in interest compounded every 6 months
Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
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How much money does Matthew have to repay each period if he
borrows $248746 for 14...
Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months...
Determine the amount of money Danielle will have if she deposits 2434 dollars every 3 months for 14 years if interest is 8% p.a. Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
When the U.S government borrows money on a short-term basis (a years or less), it does...
When the U.S government borrows money on a short-term basis (a years or less), it does so by selling what are called Treasure bills, or T-bills for short. A T-bill is a promised by the government to repay a fixed amount at some time in the future – for example, 3 months or 12 months. Treasury bills are pure discount loans, If a T-bill promises to repay $10,000 in 12 months and the market interest rat0 is 7 percent. How...
Adam is loaning $5000 to Bert for a period of 2 years. Suppose Bert will repay...
Adam is loaning $5000 to Bert for a period of 2 years. Suppose Bert will repay the loan with 4 equal payments. a. If interest is 6% effective interest, how much will Bert’s payments be to Adam every 6 months? b. If Adam reinvests the payments into an account earning 3% annual interest compounded monthly, how much will he have in his saving account at the time that Bert pays his 4th payment? c. What is Adam’s rate of return...
How much would you loan your sister if he said he could repay you $100 in...
How much would you loan your sister if he said he could repay you $100 in six months, $200 in a year, and $500 in two years if you can get 2 percent interest from the bank on a six month CD? Show that you are in fact indifferent between the loan and putting your money in the bank for the next two years.
How much would you loan your brother-in-law if he said he could repay you $200 in...
How much would you loan your brother-in-law if he said he could repay you $200 in six months, $400 in a year, and $700 in two years if you can get 3 percent interest from the bank on a six month CD? Show you are indifferent between the loan and putting your money in the bank for the next two years
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded...
How much money should Jeffrey invest today in a fund that earns interest at 4.02% compounded quarterly, if he wants to receive $3,750 at the end of every 6 months for the next 3 years?
How much money should Ali invest today into a fund that earns interest at 3.25% compounded...
How much money should Ali invest today into a fund that earns interest at 3.25% compounded quarterly, if he wants to receive $7,750 at the end of every 6 months for the next 4 years?
13. How much must you deposit in an account today so that you have a balance...
13. How much must you deposit in an account today so that you have a balance of $ 10,974 at the end of 12 years if interest on the account is 9 % p.a., but with quarterly compounding? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). 14. The Milken Company is offering you an investment that promises you $10,000 at the end of 8 years if you invest $ 7,267 today....
How much will Tamara have in 10 years from now if she deposits the $9,868 that...
How much will Tamara have in 10 years from now if she deposits the $9,868 that her grandfather gave her at 2.1 % interest rate, compounded annually? Round your answer to 2 decimal places and do not enter any symbols such as S, % or commas. Match the correct terms for the given definitions below. A sum received today is worth more than that same sum received some time in the future. A. Compound interest B. Simple interest C. Time...
1) Carlos has borrowed $8,000 for 8 years at 6% compounded semi-annually. He will repay interest every 6 months plus principal at maturity. He will also deposit X every 6 months into a sinking fund paying 5% compounded semi-annually to pay off the principal at maturity. a) Find X. Carlos goes bankrupt at the end of year 6, just after making his interest payment and sinking fund deposit. The bank confiscates the money in the sinking fund but gets no...
How much will Tamara have in 10 years from now if she deposits the $9,868 that her grandfather gave her at 2.1 % interest rate, compounded annually? Round your answer to 2 decimal places and do not enter any symbols such as S, % or commas. Match the correct terms for the given definitions below. A sum received today is worth more than that same sum received some time in the future. A. Compound interest B. Simple interest C. Time...
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