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$5,000 8% APR 3 simple interest 4 4 years Period 0 (start of investment) Periodic Interest...
Periodic interest rates. In the following table, , fill in the periodic rates and the effective...
Periodic interest rates. In the following table, , fill in the periodic rates and the effective annual rates. First, fill in the periodic rates in the following table. (Round to two decimal places.) Compounding per Year Effective APR Period Periodic Rate Annual Rate Semiannual 7% 2 Data Table (Click on the following icon 9 in order to copy its contents into a spreadsheet.) Compounding per Year Effective Period APR Periodic Rate Annual Rate Semiannual 7% 2 Quarterly Monthly Daily 8%...
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...
Loan (PV) Annual Rate Payments per Year Rate per Period (RATE) Years Payments (NPER) $375,000 6.50% 4 5...
Loan (PV) Annual Rate Payments per Year Rate per Period (RATE) Years Payments (NPER) $375,000 6.50% 4 5 30 Amortization Schedule Year Period Remaining Principal Interest Payment Principal Payment Total Payment 1 1 1 2 1 3 1 4 2 5 2 6 2 7 2 8 3 9 3 10 3 11 3 12 4 13 4 14 4 15 4 16 5 17 5 18 5 19 5 20 Final Balance Need help on finishing in the blank...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future Value Annuity 10 $250.00 12% 20 S1,000 25 S500,000 30 S1,000,000 2. You just started working and you planned to save $5,000 every year in your retirement account. How much money will you have in your retirement account once you retire in 40 years? Your retirement account pays 4% interest rate per year. 3. You just retired with S1,000,000 savings. You'd like to receive...
10) An investment will pay you 51 20 in one year and $200 in two years....
10) An investment will pay you 51 20 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) $294.69 B) $286.84 C) $299.07 D) $320.00 10) 11). TU) A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120,000 at the end of five years, or as equal annual payments at the end of each of the next...
Score: 0 of 1 pt | 4 of 7 (5 complete) HW Score: 66.67%, & Problem...
Score: 0 of 1 pt | 4 of 7 (5 complete) HW Score: 66.67%, & Problem 4-81 (algorithmic) Question H Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday, the withdrawals as shown on the diagram below will be made. If the effective annual...
8. Mortgages: a. What is the period interest rate on a mortgage with a 4.8% APR...
8. Mortgages: a. What is the period interest rate on a mortgage with a 4.8% APR compounded semiannually? b. A certain family can afford a monthly mortgage payment of $1,340.00. With an APR of 5.25% per annum, what is the maximum mortgage amount they can afford if they prefer a 20-year amortization period? N = I% = PV = PMT = FV = P/Y = C/Y = PMT: END BEGIN c. The Lees have purchased a new home for $360,000,...
Annual Investment Interest Rate Time Invested Table Factor Value at the End of Investment Period $2,000...
Annual Investment Interest Rate Time Invested Table Factor Value at the End of Investment Period $2,000 6% 10 years 13.181* $26,362** $4,000 5% 5 years $4,000 5% 10 years $4,000 9% 10 years $1,000 8% 8 years $5,000 6% 9 years $5,200 6% 1 year $5,200 6% 5 years $5,200 6% 10 years $5,200 6% 20 years $5,200 6% 30 years $5,200 6% 40 years $5,200 6% 50 years
10) An investment will pay you S120 in one year and $200 in two years. If...
10) An investment will pay you S120 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) S294.69 B) $286.84 C) $299.07 D) $320.00 11. A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120.000 at the end of five years, or as equal annual payments at the end of each of the next five years. If...
Urgent please ? Question 1. (20 points) You have 15,000 in savings and you want to invest them for a 6 years period...
Urgent please ?
Question 1. (20 points) You have 15,000 in savings and you want to invest them for a 6 years period. If APR or Nominal Interest rate is 8%. Calculate 1. Future Value of your investment if you have semi-annual compounding. 2. Future Value of your investment if you have quarterly compounding. Question 2. (30 noints.
Periodic interest rates. In the following table, , fill in the periodic rates and the effective annual rates. First, fill in the periodic rates in the following table. (Round to two decimal places.) Compounding per Year Effective APR Period Periodic Rate Annual Rate Semiannual 7% 2 Data Table (Click on the following icon 9 in order to copy its contents into a spreadsheet.) Compounding per Year Effective Period APR Periodic Rate Annual Rate Semiannual 7% 2 Quarterly Monthly Daily 8%...
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...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future Value Annuity 10 $250.00 12% 20 S1,000 25 S500,000 30 S1,000,000 2. You just started working and you planned to save $5,000 every year in your retirement account. How much money will you have in your retirement account once you retire in 40 years? Your retirement account pays 4% interest rate per year. 3. You just retired with S1,000,000 savings. You'd like to receive...
10) An investment will pay you 51 20 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) $294.69 B) $286.84 C) $299.07 D) $320.00 10) 11). TU) A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120,000 at the end of five years, or as equal annual payments at the end of each of the next...
Score: 0 of 1 pt | 4 of 7 (5 complete) HW Score: 66.67%, & Problem 4-81 (algorithmic) Question H Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday, the withdrawals as shown on the diagram below will be made. If the effective annual...
10) An investment will pay you S120 in one year and $200 in two years. If the interest rate is 7%, what is the present value of these cash flows? A) S294.69 B) $286.84 C) $299.07 D) $320.00 11. A bank is negotiating a loan. The loan can either be paid off as a lump sum of $120.000 at the end of five years, or as equal annual payments at the end of each of the next five years. If...
Urgent please ?
Question 1. (20 points) You have 15,000 in savings and you want to invest them for a 6 years period. If APR or Nominal Interest rate is 8%. Calculate 1. Future Value of your investment if you have semi-annual compounding. 2. Future Value of your investment if you have quarterly compounding. Question 2. (30 noints.
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