Homework Answers
![Sinice; 18W=AL (eti jok - 1 a Where; A = Annual Payment Az interest rate n = compordig frequency In=125 [for worthly] & time.](http://img.homeworklib.com/questions/ea5027e0-7808-11ea-b462-2950dd120862.png?x-oss-process=image/resize,w_560)
Add Answer to:
2. A business is generating $10,000 per year for the next 10 years at a nominal...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate per year ? 2. $100 of interest is paid each month on an investment of $10000, if the interest is compounded monthly at the end of 2 years, what is the accumulation at the end of two years ? 3. An individual wishes to deposit an amount of money now to have an accumulation of $500 at the end of five years. If the...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate per year? A) 0.5% B) 8% C) 16% D) 4% 2. $100 of interest is paid each month on an investment of $10000, if the interest is compounded monthly at the end of 2 years, what is the accumulation at the end of two years ? A) $12,544 B) $12,700 C) $12,400 D) $12,400 3. An individual wishes to deposit an amount of money...
13-19 odd please 13. A $10,000 loan is to be amortized for 10 years with quarterly...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
ESTION 2 115 MARKS a) Mr. Azman, owner of a small business borrowed RM75,000 with an agreement to repay the loan with quarterly payments over a 5-year time period. If the interest rate is 12% per...
ESTION 2 115 MARKS a) Mr. Azman, owner of a small business borrowed RM75,000 with an agreement to repay the loan with quarterly payments over a 5-year time period. If the interest rate is 12% per year compounded quarterly, how much is his loan payment for cach quarter? (10 Marks) b) A credit card issued by Bank Kimia Tech carries a nominal rate of 18% or 1.5% per month. What would be the total effective cost of borrowing RM6000 after...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
A person makes an initial investment of $10,000 into an account that has a nominal annual...
A person makes an initial investment of $10,000 into an account that has a nominal annual interest rate = 5%. The account is compounded monthly. How much money will be in the account in 10 years?
1. You can buy a contract which will pay $ 10,000 per year for 3 years...
1. You can buy a contract which will pay $ 10,000 per year for 3 years for $26,500. If investments of similar risk return 8% per annum, compounded annually, should you buy the contract? 2. How much do you need to deposit TODAY into an account which earn 8% ANNUAL interest compounded Quarterly so that you will have $ 50,000 in the account seven years from now? 3. What ANNUAL rate of return did an investment pay if a $...
investment. Bank fees are currently Steve have saved in three years? 2.5 Roger is conducting a biochemical experimen...
investment. Bank fees are currently Steve have saved in three years? 2.5 Roger is conducting a biochemical experiment for the next 12 months. In the first month, the expenses are estimated to be $10,000. As the experiment progresses, the expenses are expected to increase by 2 percent each month. Roger plans to pay for the experiment with a government grant, which is received in four monthly installments, starting a month after the experiment completion date. Draw the cash flow diagram...
For an APR of 10% per year, if the interest is compounded weekly, determine the nominal...
For an APR of 10% per year, if the interest is compounded weekly, determine the nominal rate per (a) 6 months and (b) 2 years. The nominal interest rate per 6 months is %. The nominal interest rate per 2 years is %.
4) interest questions: (10 pts total) How much will be in your bank account at the...
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate per year ? 2. $100 of interest is paid each month on an investment of $10000, if the interest is compounded monthly at the end of 2 years, what is the accumulation at the end of two years ? 3. An individual wishes to deposit an amount of money now to have an accumulation of $500 at the end of five years. If the...
1. If the nominal interest rate of is 2% per quarter, what is the nominal rate per year? A) 0.5% B) 8% C) 16% D) 4% 2. $100 of interest is paid each month on an investment of $10000, if the interest is compounded monthly at the end of 2 years, what is the accumulation at the end of two years ? A) $12,544 B) $12,700 C) $12,400 D) $12,400 3. An individual wishes to deposit an amount of money...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
ESTION 2 115 MARKS a) Mr. Azman, owner of a small business borrowed RM75,000 with an agreement to repay the loan with quarterly payments over a 5-year time period. If the interest rate is 12% per year compounded quarterly, how much is his loan payment for cach quarter? (10 Marks) b) A credit card issued by Bank Kimia Tech carries a nominal rate of 18% or 1.5% per month. What would be the total effective cost of borrowing RM6000 after...
1. What is the interest earned from a savings of P10,000 at a simple interest rate of 107 per year for 5 years? (5 points) 2. How long does a man need to invest P5,000 to be P9,000 at an interest rate of 10 compounded annually? (5 points) 3. What is the rate of interest, compounded monthly charged to an investment of P2 000 that pays P1, 205 per month for 2 years. (5 points) 4. How much annual deposit...
investment. Bank fees are currently Steve have saved in three years? 2.5 Roger is conducting a biochemical experiment for the next 12 months. In the first month, the expenses are estimated to be $10,000. As the experiment progresses, the expenses are expected to increase by 2 percent each month. Roger plans to pay for the experiment with a government grant, which is received in four monthly installments, starting a month after the experiment completion date. Draw the cash flow diagram...
4) interest questions: (10 pts total) How much will be in your bank account at the end of five years if you invest $5,000 now at 12% per annum, compounded annually? (1 pts) And what if the interest rate is 12% per annum, but compounded monthly? (1 pts) If you invest your $5,000 and want to have $10,000 in five years' time, what is the minimum yearly interest rate that will ensure that you have at least this much when...
Most questions answered within 3 hours.
-
A 220 g , 22-cm-diameter plastic disk is spun on an axle through
its center by...
asked 6 minutes ago -
Phosphorus-32 is a commonly used radioactive nuclide in
biochemical research, particularly in studies of nucleic acids....
asked 8 minutes ago -
Rank these four compounds from lowest to the highest melting
point.
a). Al2O3
b).CaCl2
c).H2O
d).NaCl
asked 8 minutes ago -
A Swift high-efficiency cyclone is being compared with a Swift
high-throughput cyclone of the same diameter....
asked 12 minutes ago -
Consider a block with mass M sitting on an incline of angle θ
from horizontal.
Write...
asked 15 minutes ago -
In Questions 2-4 suppose there are a total of 15 Carbon
Monoxide Detectors in a building...
asked 25 minutes ago -
analyze a workplace health and safety
concern.
Select a situation in an organization that may be...
asked 27 minutes ago -
Plutonium-239 has a decay constant of 2.88×10−5year−1. Part A
Part complete What percentage of a 239Pu...
asked 29 minutes ago -
In this question you will use the data type “bit32” introduced
in Lab 2 (i.e. an...
asked 33 minutes ago -
Illustrate and describe how the lack operon of
Escherichia coli functions (include in your response what...
asked 35 minutes ago -
The confidence interval for a population proportion p is found
to be (0.32, 0.36). The sample...
asked 46 minutes ago -
Consider the reaction below that has a Keq of
5.33⋅10−75.33⋅10-7. 2.5 mol of A and 6.3...
asked 55 minutes ago