An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The...
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An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity pays $300 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) |
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An annuity providing a rate of return of 4.8% compounded monthly
was purchased for $45,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $41,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $41,000. The annuity pays $400 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) Principal $ A An annuity providing a rate of return of 4.8% compounded monthly was purchased for $41,000. The annuity pays $400 at the end of each month. What will be the principal portion of Payment 92? (Round your...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $46,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $46,000. The annuity pays $400 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) Principal $
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $43,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $43,000. The annuity pays $500 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) Principal $
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity pays $400 at the end of each month. What will be the amount of the final payment? (Round your answer to 2 decimal places.) Final payment
An annuity providing a rate of return of 6% compounded monthly was purchased for $46,000. The...
An annuity providing a rate of return of 6% compounded monthly was purchased for $46,000. The annuity pays $400 at the end of each month. What will be the amount of the final payment? (Round your answer to 2 decimal places.) Final payment $
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $2,232 is deposited...
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $2,232 is deposited into this annuity every month, how much is in the account after 4 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.)
Recently, More Money 40 offered an annuity that pays 4.8% compounded monthly. If $1,753 is deposited...
Recently, More Money 40 offered an annuity that pays 4.8% compounded monthly. If $1,753 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: $1 | (Round to the nearest dollar.)
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $1,000 is deposited...
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $1,000 is deposited into this annuity every month, how much is in the account after 6 years? How much of this is interest? Type the amount in the account: $____ Type the amount of interest earned: $____ (Please square, label, or circle the answer)
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $1,453 is deposited...
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $1,453 is deposited into this annuity every month, how much is in the account after 7 years? How much of this is interest? Type the amount in the account: $____ Type the amount of interest earned: $____ (Please square, label, or circle the answer)
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment...
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $275 monthly at 5.6% to accumulate $25,000. _________yr 2- Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $18,000 at 3% for 15 years if...
Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly. If $2,232 is deposited into this annuity every month, how much is in the account after 4 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.)
Recently, More Money 40 offered an annuity that pays 4.8% compounded monthly. If $1,753 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: $1 | (Round to the nearest dollar.)
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