Homework Answers
Maturity Value $92,081.2. Assuming Rate of interest is compounded annually.
| Particulars | Amount |
| Principal value | $60,000 |
| Rate if interest | 5.50% |
| No of years | 8 |
| Amount | $92,081.2 |
Formula
Add Answer to:
Ann Hopkins borrowed $60,000 for her child's education. She must repay the loan at the end...
Angel Hall borrowed $82,000 for her granddaughter's college education. She must repay the loan at the...
Angel Hall borrowed $82,000 for her granddaughter's college education. She must repay the loan at the end of nine years with 99% interest. What is the maturity value Angel must repay? (Round your answer to the nearest cent.)
Harold Hill borrowed $15,000 to pay for his child's education at Riverside Community College. Harold must...
Harold Hill borrowed $15,000 to pay for his child's education at Riverside Community College. Harold must repay the loan at the end of 9 months in one payment with 5 % interest. a. How much interest must Harold pay? (Do not round intermediate calculation. Round your answer to the nearest cent.) Interest b. What is the maturity value? (Do not round intermediate calculation. Round your answer to the nearest cent.) Maturity value
Karmen borrowed $5378.00 compounded semi-annually to help finance her education. She contracted to repay the loan i...
Karmen borrowed $5378.00 compounded semi-annually to help finance her education. She contracted to repay the loan in semi-annual payments of $259.00 each. If the payments are due at the end of every 6 months and interest is 6% compounded semi-annually, how long will Karmen have to make semi-annual payments? State your answer in years and months (from 0 to 11 months) month(s). year(s) and Karmen will have to make payments for
Karmen borrowed $5378.00 compounded semi-annually to help finance her...
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value...
Simple Interest USE A 360 DAY YEAR Calculate the simple interest amount and the future value using the simple interest formula. 365 day year Principal Interest Rate Time Simple Interest Amount Future Value $ 18,000 4.5% 18 months $ 21,000 5% 1.75 Years $ 18,000 7.25% 9 months $ 1,000 8% 93 days $ 585 9% 193 days $ 1,200 12% 187 days 1) Leslie Hart borrowed $15,000 to pay for her child’s education. Leslie must repay the loan...
answer those 4 please Fatima just borrowed 83,364 dollars. She plans to repay this loan by...
answer those 4 please Fatima just borrowed 83,364 dollars. She plans to repay this loan by making a special payment of 29,387 dollars in 7 years and by making regular annual payments of 13,147 dollars per year until the loan is paid off. If the interest rate on the loan is 17.93 percent per year and she makes her first regular annual payment of 13,147 dollars immediately, then how many regular annual payments of 13,147 dollars must Fatima make? Round...
Celeste just borrowed 36,800 dollars. She plans to repay this loan by making equal quarterly payments...
Celeste just borrowed 36,800 dollars. She plans to repay this loan by making equal quarterly payments of 2,894.03 dollars for 14 quarters. If she makes her first quarterly payment later today, then what is the quarterly interest rate on the loan? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
Celeste just borrowed 39,000 dollars. She plans to repay this loan by making equal quarterly payments...
Celeste just borrowed 39,000 dollars. She plans to repay this loan by making equal quarterly payments of 2,546.48 dollars for 17 quarters. If she makes her first quarterly payment later today, then what is the quarterly interest rate on the loan? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098. Please show your work
bu merest Maria borrowed money from a bank to invest in antiques. She took out a...
bu merest Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85%, with monthly payments for a term of 1 year. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. sl X 5 ? (b) If Maria pays the monthly payment each...
a Quiz/Test (Loan amortization) On December 31, Son-Nan Chen borrowed $100,000, agreeing to repay this sum...
a Quiz/Test (Loan amortization) On December 31, Son-Nan Chen borrowed $100,000, agreeing to repay this sum in 22 equal end-of-year installments and 14 percent interest on the declining balance. How large must the annual payments be? ist due The amount of the annual payments must be $ (Round to the nearest cent.) ist du
Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized...
Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85% , with monthly payments for a term of 1 year For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. ? (b) If Maria pays the monthly payment each month for the full...
Angel Hall borrowed $82,000 for her granddaughter's college education. She must repay the loan at the end of nine years with 99% interest. What is the maturity value Angel must repay? (Round your answer to the nearest cent.)
Harold Hill borrowed $15,000 to pay for his child's education at Riverside Community College. Harold must repay the loan at the end of 9 months in one payment with 5 % interest. a. How much interest must Harold pay? (Do not round intermediate calculation. Round your answer to the nearest cent.) Interest b. What is the maturity value? (Do not round intermediate calculation. Round your answer to the nearest cent.) Maturity value
Karmen borrowed $5378.00 compounded semi-annually to help finance her education. She contracted to repay the loan in semi-annual payments of $259.00 each. If the payments are due at the end of every 6 months and interest is 6% compounded semi-annually, how long will Karmen have to make semi-annual payments? State your answer in years and months (from 0 to 11 months) month(s). year(s) and Karmen will have to make payments for
Karmen borrowed $5378.00 compounded semi-annually to help finance her...
bu merest Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85%, with monthly payments for a term of 1 year. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. sl X 5 ? (b) If Maria pays the monthly payment each...
a Quiz/Test (Loan amortization) On December 31, Son-Nan Chen borrowed $100,000, agreeing to repay this sum in 22 equal end-of-year installments and 14 percent interest on the declining balance. How large must the annual payments be? ist due The amount of the annual payments must be $ (Round to the nearest cent.) ist du
Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85% , with monthly payments for a term of 1 year For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. ? (b) If Maria pays the monthly payment each month for the full...
Most questions answered within 3 hours.
-
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 37 minutes ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 43 minutes ago -
DO NOT ANSWER IF YOU ARE UNSKILLED IN THIS AREA! TYPE OR WRITE
EACH ANSWER CLEARLY!!...
asked 38 minutes ago -
how many moles of sodium are there in 3.41 moles of the
following compounds
NaCl
Na2SO4...
asked 39 minutes ago -
1.1: Draw a position vs. time graph for a sprinter
running a 100 m dash. Label...
asked 38 minutes ago -
A uniform electric field exists in a region between two
oppositely charged plates. An electron is...
asked 46 minutes ago -
The energy levels of a quantum mechanical system are given by
the equation: En = -hfo/√n^2+9....
asked 1 hour ago -
Calculate the molality of an aqueous solution of iron (II)
nitrate with a solute mole fraction...
asked 1 hour ago -
Use the adjusted trial balance for Stockton Company. Determine
the current asset.
Stockton Company
Adjusted Trial...
asked 1 hour ago -
Mry has net and taxable income of $55000; her claim for
charitable donation is $4000. How...
asked 1 hour ago -
Independent random samples were selected from two binomial
populations, with sample sizes and the number of...
asked 1 hour ago -
Calculate the wavelength of light (in nanometers) emitted from a
hydrogen atom if the electron is...
asked 1 hour ago