Equal end-of-period semiannual payments of $500, increasing by $100 with each subsequent payment, are made to...
Equal end-of-period semiannual payments of $500, increasing by $100 with each subsequent payment, are made to a fund paying 10 percent compounded continuously.
What will the fund amount to after 7 years?
What is the present worth equivalent of the total set of payments?
What is the equal semiannual equivalent amount of the payments?
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Equal end-of-period semiannual payments of $500, increasing by
$100 with each subsequent payment, are made to...
an increasing perpetuity immediate makes annual payments. the first payment is 100 and each subsequent payment...
an increasing perpetuity immediate makes annual payments. the first payment is 100 and each subsequent payment is larger than the preceding payment by an amount X. based on an annual effective interest rate of 10%, the present value of the perpetuity at time 0 is one half of its present value at time 20. what is rhe value of x?
A payment of $100 is made at the end of each two months for a period...
A payment of $100 is made at the end of each two months for a period of six years. The nominal annual rate of interest is 3 percent, convertible every 8 months. Find the present value of this series of payments. $3,150 $3,210 $3,250 $3,290 $3,330
The debt is amortized by equal payments made at the end of each payment interval. Compute...
The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c. Debt Principal Repayment Period Payment Interval Interest Rate Conversion Period Outstanding Principal After: $12,000.00 7 years 1 month 9% quarterly...
Harlan made equal payments at the end of each month into his RRSP. If interest in...
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 7% compounded semi-annually, and the balance after twelve years is $13,000, what is the size of the monthly payment? The size of the monthly payment is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find the amount of each payment to be made into a sinking fund so that enough...
Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $80,000; money earns 4.2% compounded monthly for 1 years $2131.89 51994.94 51968.15 56539.30
A leasing contract calls for an immediate payment of $106,000 and nine subsequent $106,000 semiannual payments...
A leasing contract calls for an immediate payment of $106,000 and nine subsequent $106,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value S
A series of 16 equal semi-annual payments of $ 2,000 each are made for 8 years....
A series of 16 equal semi-annual payments of $ 2,000 each are made for 8 years. What would be the future value of this series of payments, immediately after the last semi-annual payment of $ 2,000 ? The annual interest rate is 8 % compounded continuously.
What is an annuity? Select one: a. present worth of a series of equal payments. b....
What is an annuity? Select one: a. present worth of a series of equal payments. b. a single payment. c. a series of payments that changes by a constant amount from one period to the next. d. a series of equal payments over a sequence of equal periods. e. a series of payments that changes by the same proportion from one period to the next. Question 2 The present worth factor Select one: a. gives the future value equivalent to...
Find the amount of the payment to be made into a sinking fund so that enough...
Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $85,000; money earns 4% compounded semiannually years The payment size is $ . (Do not round until the final answer. Then round to the nearest cent.)
Find the payment made by the ordinary annuity with the given present value. $81,819; monthly payments...
Find the payment made by the ordinary annuity with the given present value. $81,819; monthly payments for 18 years; interest rate is 5.2%, compounded monthly The payment is $_______ Find the amount necessary to fund the given withdrawals. Monthly withdrawals of $550 for 8 years; interest rate is 5.7% compounded monthly. The amount necessary to fund the given withdrawals is $_______
A payment of $100 is made at the end of each two months for a period of six years. The nominal annual rate of interest is 3 percent, convertible every 8 months. Find the present value of this series of payments. $3,150 $3,210 $3,250 $3,290 $3,330
Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 7% compounded semi-annually, and the balance after twelve years is $13,000, what is the size of the monthly payment? The size of the monthly payment is $7. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $80,000; money earns 4.2% compounded monthly for 1 years $2131.89 51994.94 51968.15 56539.30
A leasing contract calls for an immediate payment of $106,000 and nine subsequent $106,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value S
Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $85,000; money earns 4% compounded semiannually years The payment size is $ . (Do not round until the final answer. Then round to the nearest cent.)
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