Homework Answers
If she has utilized the insurance for 7 months and has paid for 1 year then she should get the refund for the remaining 5 months as calculated below:
So she should receive a refund of 1458.33 roungded to 2 deciaml places
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on/7474/assignment/14066 Jitend Question 4 of 14 Chelsea made a prepaid purchase of medical insurance of $3,500...
Question 4 of 4 Maria planned to take a mortgage to purchase a house but could...
Question 4 of 4 Maria planned to take a mortgage to purchase a house but could only afford to pay a maximum amount of $1,100 every month as mortgage payments. The variable open interest rate offered by her bank was 4.60% compounded semi- annually on mortgages amortized over 20 years. Calculate the maximum mortgage amount she will receive. Round to the nearest cent Submit Assignment Review Incomplete Questions
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
Question 3 of 4 Chad planned to take a mortgage to purchase a house but could...
Question 3 of 4 Chad planned to take a mortgage to purchase a house but could only afford to pay a maximum amount of $1,300 every month as mortgage payments. The variable open interest rate offered by his bank was 2.80% compounded semi- annually on mortgages amortized over 20 years. Calculate the maximum mortgage amount he will receive. Round to the nearest cent Next Question
Question 4 of 5 A $85,000 loan was amortized over 14 years at 4.00 % compounded...
Question 4 of 5 A $85,000 loan was amortized over 14 years at 4.00 % compounded annually. Payments were made at the end of every month to clear the loan. a. What is the size of the payments at the end of every month? $0.00 Round to the nearest cent b. What was the balance at the end of 4 years? $0.00 Round to the nearest cent c.What was the interest portion of payment 84? $0.00 Round to the nearest...
/section/7473/assignment/14090 Mandeep Question 7 of 13 If an account that pays intertest at 9.0% compounded semi-annually,...
/section/7473/assignment/14090 Mandeep Question 7 of 13 If an account that pays intertest at 9.0% compounded semi-annually, how much should you deposit today to pay yourself $1,200 every six months for 9 years if the first withdraw is deferred for 2 years and six months Round to the nearest cent Next Question
Question 1 of 4 Cameron purchased a house for $450,000. He made a down payment of...
Question 1 of 4 Cameron purchased a house for $450,000. He made a down payment of 30.00% of the value of the house and received a mortgage for the rest of the amount at 4.32% compounded semi-annually amortized over 25 years. The interest rate was fixed for a 6 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b. Calculate the principal balance at the end of the 6 year term. $0.00 Round to the...
Please answer question 4 Victoria has $2000 to put toward consumption this month. She believes there...
Please answer question 4
Victoria has $2000 to put toward consumption this month. She believes there is a 40% chance she will have a bike accident this month, in which case she will incur medical costs of $1500 (leaving her with $500 to put toward consumption). Victoria's utility over consumption is given by where c is consumption (in dollars). In the absence of any insurance, the expected value of Victoria's consumption this month is $ 14 utility Victoria receives from...
Please use questions 2 & 3 to answer question 4-- show work clearly (I solved it...
Please use questions 2 & 3 to answer question 4-- show work
clearly (I solved it and got: 3100, 621-- is this correct?)
Question 2 4 pts Victoria has $4000 to put toward consumption this month. She believes there is a 30% chance she will have a bike accident this month, in which case she will incur medical costs of $3000 (leaving her with $1000 to put toward consumption). Victoria's utility over consumption is given by U = 0.8 where...
We were unable to transcribe this imageThe Atlantic Medical Clinic can purchase a new computer system...
We were unable to transcribe this imageThe Atlantic Medical Clinic can purchase a new computer system that will save $5,000 annually in billing costs. The computer system will last for three years and have no salvage value. Use Excel or a financial calculator to solve. Round answers to the nearest dollar. Required: Up to how much should the Atlantic Medical Clinic be willing to pay for the new computer system if the clinic's required rate of return is: Present Value...
Utopis Bedding Comforter Vretta Ashton Holmes-Ou Question 3 of 4 A mortgage for a condominium had...
Utopis Bedding Comforter Vretta Ashton Holmes-Ou Question 3 of 4 A mortgage for a condominium had a principal balance of $47,100 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 5.32% compounded semi-annually and payments were made monthly a. Calculate the size of the payments. Round up to the next whole number b. If the monthly payments were set at $822, by how much would the time period of the mortgage...
Question 4 of 4 Maria planned to take a mortgage to purchase a house but could only afford to pay a maximum amount of $1,100 every month as mortgage payments. The variable open interest rate offered by her bank was 4.60% compounded semi- annually on mortgages amortized over 20 years. Calculate the maximum mortgage amount she will receive. Round to the nearest cent Submit Assignment Review Incomplete Questions
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
Question 3 of 4 Chad planned to take a mortgage to purchase a house but could only afford to pay a maximum amount of $1,300 every month as mortgage payments. The variable open interest rate offered by his bank was 2.80% compounded semi- annually on mortgages amortized over 20 years. Calculate the maximum mortgage amount he will receive. Round to the nearest cent Next Question
Question 4 of 5 A $85,000 loan was amortized over 14 years at 4.00 % compounded annually. Payments were made at the end of every month to clear the loan. a. What is the size of the payments at the end of every month? $0.00 Round to the nearest cent b. What was the balance at the end of 4 years? $0.00 Round to the nearest cent c.What was the interest portion of payment 84? $0.00 Round to the nearest...
/section/7473/assignment/14090 Mandeep Question 7 of 13 If an account that pays intertest at 9.0% compounded semi-annually, how much should you deposit today to pay yourself $1,200 every six months for 9 years if the first withdraw is deferred for 2 years and six months Round to the nearest cent Next Question
Question 1 of 4 Cameron purchased a house for $450,000. He made a down payment of 30.00% of the value of the house and received a mortgage for the rest of the amount at 4.32% compounded semi-annually amortized over 25 years. The interest rate was fixed for a 6 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b. Calculate the principal balance at the end of the 6 year term. $0.00 Round to the...
Please answer question 4
Victoria has $2000 to put toward consumption this month. She believes there is a 40% chance she will have a bike accident this month, in which case she will incur medical costs of $1500 (leaving her with $500 to put toward consumption). Victoria's utility over consumption is given by where c is consumption (in dollars). In the absence of any insurance, the expected value of Victoria's consumption this month is $ 14 utility Victoria receives from...
Please use questions 2 & 3 to answer question 4-- show work
clearly (I solved it and got: 3100, 621-- is this correct?)
Question 2 4 pts Victoria has $4000 to put toward consumption this month. She believes there is a 30% chance she will have a bike accident this month, in which case she will incur medical costs of $3000 (leaving her with $1000 to put toward consumption). Victoria's utility over consumption is given by U = 0.8 where...
We were unable to transcribe this imageThe Atlantic Medical Clinic can purchase a new computer system that will save $5,000 annually in billing costs. The computer system will last for three years and have no salvage value. Use Excel or a financial calculator to solve. Round answers to the nearest dollar. Required: Up to how much should the Atlantic Medical Clinic be willing to pay for the new computer system if the clinic's required rate of return is: Present Value...
Utopis Bedding Comforter Vretta Ashton Holmes-Ou Question 3 of 4 A mortgage for a condominium had a principal balance of $47,100 that had to be amortized over the remaining period of 7 years. The interest rate was fixed at 5.32% compounded semi-annually and payments were made monthly a. Calculate the size of the payments. Round up to the next whole number b. If the monthly payments were set at $822, by how much would the time period of the mortgage...
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