Homework Answers
rate compounded monthly=((1+rate compounded semi annually/2)^(2/12)-1)*12=((1+5.5%/2)^(2/12)-1)*12=5.44%
Investment=5000/(5.44%/12)*(1+5.44%/12)=1108343.154
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Ellucian Ethos iden x 58 Homepage - Winter X m Vretta Sign In or Sign Up X C Math PI ssignment/4111 Question 7 of 7 The Calvarusos have decided to invest in a college fund for their young son. They invested $40,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.00% compounded monthly and the annuity payments are deferred for 13...
Ellucian Ethos ide x 88 Homepage - Wint x m Vretta x Vretta X Vretta 312/assignment/4623...
Ellucian Ethos ide x 88 Homepage - Wint x m Vretta x Vretta X Vretta 312/assignment/4623 Question 3 of 6 Kyle purchased a house for $375,000. He made a down payment of 10.00% of the value of the house and received a mortgage for the rest of the amount at 6.32% compounded semi-annually amortized over 25 years. The interest rate was fixed for a 4 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b....
2. a) b) Abigail set up a fund that would pay her family $3,000 at the...
2.
a)
b)
Abigail set up a fund that would pay her family $3,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually? Round to the nearest cent If the market value of a telecommunications share is $281.00, calculate the year-end dividends that it should be able to pay in perpetuity if money is worth 4.00% compounded semi-annually. Round to the nearest cent Next...
Question 6 of 7 Michael set up a fund that would pay his family $4,000 at...
Question 6 of 7 Michael set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually? Round to the nearest cent Next Question
X II Home - mohawkcollege.ca x B Hoopage Business Math of X Vretta X + com/collegelink/#/course-resource/section/7470/assignment/13918...
X II Home - mohawkcollege.ca x B Hoopage Business Math of X Vretta X + com/collegelink/#/course-resource/section/7470/assignment/13918 $ $ nce MA10037-551756 - Shandeep Singh o Question 12 (1) o Question 13 (2) o Question 14 (1) o Question 15 (1) Question 16 (2) o Question 17 (2) Question 18 (2) • Question 19 (2) • Question 20 (2) Question 13 of 22 Lauren obtained a business loan of $215,000 at 5.21% compounded semi- annually. a. What was the size of the...
casey obtained a business loan of $215000 at 5.21% compouded semi-annualy. what was the size of...
casey obtained a business loan of $215000 at 5.21%
compouded semi-annualy.
what was the size of semi-annual payments to be made over 25 years
in order to pay off the loan?
calculate the interest paid on loan?
- mohawkcollege.ca x Homepage - Business Math of FX m Vretta X + mk/#/course-resource/section/7470/assignment/13918 - 551756 - Shandeep Singh on 13 (2) on 14(1) On 15 (1) on 16 (2) on 17 (2) on 18 (2) on 19 (2) on 20 (2) ion...
Ellucian Ethos iden x 58 Homepage - Winter X m Vretta Sign In or Sign Up X C Math PI ssignment/4111 Question 7 of 7 The Calvarusos have decided to invest in a college fund for their young son. They invested $40,000 in a deferred annuity that will pay their son at the beginning of every month for 4 years, while he goes to college. If the account earns 3.00% compounded monthly and the annuity payments are deferred for 13...
Ellucian Ethos ide x 88 Homepage - Wint x m Vretta x Vretta X Vretta 312/assignment/4623 Question 3 of 6 Kyle purchased a house for $375,000. He made a down payment of 10.00% of the value of the house and received a mortgage for the rest of the amount at 6.32% compounded semi-annually amortized over 25 years. The interest rate was fixed for a 4 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b....
2.
a)
b)
Abigail set up a fund that would pay her family $3,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually? Round to the nearest cent If the market value of a telecommunications share is $281.00, calculate the year-end dividends that it should be able to pay in perpetuity if money is worth 4.00% compounded semi-annually. Round to the nearest cent Next...
Question 6 of 7 Michael set up a fund that would pay his family $4,000 at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually? Round to the nearest cent Next Question
X II Home - mohawkcollege.ca x B Hoopage Business Math of X Vretta X + com/collegelink/#/course-resource/section/7470/assignment/13918 $ $ nce MA10037-551756 - Shandeep Singh o Question 12 (1) o Question 13 (2) o Question 14 (1) o Question 15 (1) Question 16 (2) o Question 17 (2) Question 18 (2) • Question 19 (2) • Question 20 (2) Question 13 of 22 Lauren obtained a business loan of $215,000 at 5.21% compounded semi- annually. a. What was the size of the...
casey obtained a business loan of $215000 at 5.21%
compouded semi-annualy.
what was the size of semi-annual payments to be made over 25 years
in order to pay off the loan?
calculate the interest paid on loan?
- mohawkcollege.ca x Homepage - Business Math of FX m Vretta X + mk/#/course-resource/section/7470/assignment/13918 - 551756 - Shandeep Singh on 13 (2) on 14(1) On 15 (1) on 16 (2) on 17 (2) on 18 (2) on 19 (2) on 20 (2) ion...
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