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Challenging questions - bonus! 0/5 points Question 10 Note: this is a very challenging question! In...
How is the answer $115,677.28???? Challenging questions - bonus! 0/5 points Question 10 Note: this is...
How is the answer $115,677.28????
Challenging questions - bonus! 0/5 points Question 10 Note: this is a very challenging question! In 5 years, you will start receiving monthly payments of $600 from a trust fund that one of your great parents set up for you. The first payment will be made at the very end of year 5 and the payments will last for 35 years. You plan to deposit the money you receive every month into a special account...
In 4 years, you will start receiving monthly payments of $950 from a trust fund that...
In 4 years, you will start receiving monthly payments of $950 from a trust fund that one of your great parents set up for you. The first payment will be made at the very end of year 4 and the payments will last for 27 years. You plan to deposit the money you receive every month into a special account right away that pays 6.10% APR with quarterly compounding. Today the account mentioned above has a balance of $20000. Assuming...
5) Investment E pays $250 at the beginning of every year for the next 10 years...
5) Investment E pays $250 at the beginning of every year for the next 10 years (a total of 10 payments). Question 25 (3 points) A couple decides to purchase a beach condominium in Hilton Head Island, South Carolina. The agreed purchase price will be $298,000. The couple will pay 20% down on the condo and finance the remaining balance with a 30-year mortgage. The terms of the mortgage are 4.80% APR (with monthly compounding). The couple will inherit a...
Question 24 (3 points) Which of the following investments would have the lowest present value? Assume...
Question 24 (3 points) Which of the following investments would have the lowest present value? Assume that the effective annual rate for all investments is the same and is greater than zero. 1) Investment A pays $250 at the end of every year for the next 10 years (a total of 10 payments). 2) Investment B pays $125 at the end of every 6-month period for the next 10 years (a total of 20 payments). 3) Investment C pays $125...
5. Suppose a CD (Certificate of Deposit) advertised an APR of 8%. Assuming the APR was...
5. Suppose a CD (Certificate of Deposit) advertised an APR of 8%. Assuming the APR was the result of monthly compounding, find the effective annual yield to the nearest tenth of a percent. 8. The going rate for a home mortgage with a term of 30 years is 3.8%. The lending agency says that based on your income, your monthly payment could be $900. How much can you borrow? 9. Suppose you invest $5,000 in a savings account that pays...
can someone please help me QUESTION 2 Find the annual percentage yield (APY) of an account...
can
someone please help me
QUESTION 2 Find the annual percentage yield (APY) of an account with an APR of 5.6% compounded monthly. Round to two decimal places. QUESTION 3 Find the savings plan balance after 5 years with an APR of 8.8% and monthly payments of $572. QUESTION 4 You intend to create a college fund for your baby. If you can get an APR of 7% and want the fund to have a value of $158,962 after 16...
I need help on question 9. 20 Time Value of Money Exercise: Question 1: Assume you...
I need help on question 9.
20 Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at a 6 percent annual rate, compounded quarterly. How much will you have at the end of 20 years? Question 2 You borrow a five-year $13,000 loan with monthly payments of $250. What is the annual percentage rate (APR) on the loan? Question 3: How much would you have to invest today to receive $50,000 in 10 years at...
1. You won $100 000 in a lottery and you want to set some of that...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
SIMPLE ANNUITY Instruction: Solve the given situations. Show your solutions (5 points each). 1. Find the...
SIMPLE ANNUITY Instruction: Solve the given situations. Show your solutions (5 points each). 1. Find the present value of an ordinary annuity with cash flows of $775.00 paid annually for 10 years at the interest rate of 1.40% per year, provided the interest is compounded annually. 2. Jon borrowed $46,000.00 to finance their college education. Jon has to make payments at the end of each quarter over the next 17 years in order to pay off this debt. How much...
T-Mobile Wi-Fi 11:57 AM Close Homework for April 9.pdf Homework for Class #3-April 9-(20 points) Do...
T-Mobile Wi-Fi 11:57 AM Close Homework for April 9.pdf Homework for Class #3-April 9-(20 points) Do the problems 0ค separate paper, use penciL Show all compatations. Begin wath the Homework is due at beginning of dass Not acepted after class begins m da whereindcสed. ST-2 FUTURE VALUE it is now January 1, 2014 Today you wil deposit $1,000 into a wings account that pays 8%. a If the bank compounds interest annually, how much will you have in your account...
How is the answer $115,677.28????
Challenging questions - bonus! 0/5 points Question 10 Note: this is a very challenging question! In 5 years, you will start receiving monthly payments of $600 from a trust fund that one of your great parents set up for you. The first payment will be made at the very end of year 5 and the payments will last for 35 years. You plan to deposit the money you receive every month into a special account...
5) Investment E pays $250 at the beginning of every year for the next 10 years (a total of 10 payments). Question 25 (3 points) A couple decides to purchase a beach condominium in Hilton Head Island, South Carolina. The agreed purchase price will be $298,000. The couple will pay 20% down on the condo and finance the remaining balance with a 30-year mortgage. The terms of the mortgage are 4.80% APR (with monthly compounding). The couple will inherit a...
Question 24 (3 points) Which of the following investments would have the lowest present value? Assume that the effective annual rate for all investments is the same and is greater than zero. 1) Investment A pays $250 at the end of every year for the next 10 years (a total of 10 payments). 2) Investment B pays $125 at the end of every 6-month period for the next 10 years (a total of 20 payments). 3) Investment C pays $125...
5. Suppose a CD (Certificate of Deposit) advertised an APR of 8%. Assuming the APR was the result of monthly compounding, find the effective annual yield to the nearest tenth of a percent. 8. The going rate for a home mortgage with a term of 30 years is 3.8%. The lending agency says that based on your income, your monthly payment could be $900. How much can you borrow? 9. Suppose you invest $5,000 in a savings account that pays...
can
someone please help me
QUESTION 2 Find the annual percentage yield (APY) of an account with an APR of 5.6% compounded monthly. Round to two decimal places. QUESTION 3 Find the savings plan balance after 5 years with an APR of 8.8% and monthly payments of $572. QUESTION 4 You intend to create a college fund for your baby. If you can get an APR of 7% and want the fund to have a value of $158,962 after 16...
I need help on question 9.
20 Time Value of Money Exercise: Question 1: Assume you deposit $700 every three months at a 6 percent annual rate, compounded quarterly. How much will you have at the end of 20 years? Question 2 You borrow a five-year $13,000 loan with monthly payments of $250. What is the annual percentage rate (APR) on the loan? Question 3: How much would you have to invest today to receive $50,000 in 10 years at...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
SIMPLE ANNUITY Instruction: Solve the given situations. Show your solutions (5 points each). 1. Find the present value of an ordinary annuity with cash flows of $775.00 paid annually for 10 years at the interest rate of 1.40% per year, provided the interest is compounded annually. 2. Jon borrowed $46,000.00 to finance their college education. Jon has to make payments at the end of each quarter over the next 17 years in order to pay off this debt. How much...
T-Mobile Wi-Fi 11:57 AM Close Homework for April 9.pdf Homework for Class #3-April 9-(20 points) Do the problems 0ค separate paper, use penciL Show all compatations. Begin wath the Homework is due at beginning of dass Not acepted after class begins m da whereindcสed. ST-2 FUTURE VALUE it is now January 1, 2014 Today you wil deposit $1,000 into a wings account that pays 8%. a If the bank compounds interest annually, how much will you have in your account...
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