Annual payments are calculated using the PMT function as follows:-
=PMT(rate,nper,pv,fv,1)
=PMT(10%,6,20280,,1)
=4233
Where,
rate is rate of interest
nper is number of periods
pv is present value
1 is used when payments are made at the beginning of a period.
signment Brief Exercise 6-17 Steve Taylor is settling a $20,280 loan due today by making 6...
Brief Exercise 6-17 Chris Taylor is settling a $18,550 loan due today by making 6 equal annual payments of $4,135.16. Click here to view factor tables What payments must Chris Taylor make to settle the loan at an interest rate f 9%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to o decimal places, e.g. 458,581.) Payments s
Newman Taylor is settling a $18,930 loan due today by making 6 equal annual payments of $4,094.85. Click here to view factor tables What payments must Newman Taylor make to settle the loan at an interest rate of 8%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Current Attempt in Progress Henry Taylor is settling a $19,420 loan due today by making 6 equal annual payments of $4,329.10. Click here to view factor tables What payments must Henry Taylor make to settle the loan at an interest rate of 9%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, eg. 458,581) Payments $
Brief Exercise 6-16 John Taylor is settling a $19,570 loan due today by making 6 equal annual payments of $4,625.89. Click here to view factor tables Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to O decimal places, e.g. 8%.) Interest rate
Morgan Taylor is settling a $21.990 loan due today by making 6 equal annual payments of $5,348.53. Click here to view factor tables What payments must Morgan Taylor make to settle the loan at an interest rate of 12%, but with the 6 payments beginning on the day the loan is signed? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to decimal places, es 458,581.) Payments $
the first picture is blurry Brief Exercise 6-16 Henry Taylor is settling a $21.320 loan due today by making 6 equal annual payments of $4,752.65 Click here to view factor tables Determine the interest rate on this loan, if the payments begin one year after the loan is signed. (Round answer to decimal places, eg: 89.) Interest rate Question Antamaton Assignment CALCUL RCES Brief Exercise 6-16 Henry Taylor is settling a $21,320 loan due today by making 6 equal annual...
Alan Taylor is settling a $21,580 loan due today by making 6 equal annual payments of $4,954.93. Determine the interest rate on this loan, if the payments begin one year after the loan is signed.
Brief Exercise 6-2 Steve Bautista needs $28,800 in 4 years. Click here to view factor tables What amount must he invest today if his investment earns 8% compounded annually? What amount must he invest if his investment earns 8% annual interest compounded quarterly? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 8% annual interest $ Investment at 8% annual interest, compounded quarterly $
Brief Exercise 6-5 Stacy Medavoy will invest $5,500 a year for 19 years in a fund that will earn 10% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 19 years? If the first payment occurs at year-end, what amount will be in the fund in 19 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to decimal places, e.g....
Brief Exercise 6-1 Alan Spear invested $15,500 today in a fund that earns 8% compounded annually. Click here to view factor tables To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decímal places, e.g. 458,581.) Investment at 8% annual interest investment at 8% annual interest, compounded...