Regular investments made at the beginning of each quarter earn 6% compounded quarterly. How many more...
| Regular investments made at the beginning of each quarter earn 6% compounded quarterly. |
|
How many more $1000 investments than $1100 investments will it take to accumulate $58,000? (Do not round intermediate calculations and round up the number of investments.) |
| It will take more payment(s). |
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Regular investments made at the beginning of each quarter earn
6% compounded quarterly.
How many more...
Regular investments made at the beginning of each quarter earn 1% compounded quarterly. How many more...
Regular investments made at the beginning of each quarter earn 1% compounded quarterly. How many more $1000 investments than $1100 investments will it take to accumulate $84,000? (Do not round intermediate calculations and round up the number of investments.) It will take more payment(s).
How long will it take an RRSP to grow to $690,000 if it receives a contribution...
How long will it take an RRSP to grow to $690,000 if it receives a contribution of $1,900 at the beginning of each quarter and it earns: (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) a. 4.2% compounded quarterly quarterly contributions b. 6.4% compounded quarterly quarterly contributions c. 9.1% compounded quarterly quarterly contributions d. 9.9% compounded quarterly quarterly contributions
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...
Janine borrowed $35,000 from her bank. Monthly payments are $600, including interest at 6.8% compounded quarterly....
Janine borrowed $35,000 from her bank. Monthly payments are $600, including interest at 6.8% compounded quarterly. a.How many payments will Janine make altogether? (Do not round intermediate calculations and round your answer up to the next whole number.) No. of payments b.How much is the last payment? (Do not round intermediate calculations and round your answer to 2 decimal places.) Last payment c.How much interest will Janine pay over the life of the loan? (Do not round intermediate calculations and...
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers...
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
FV of $400 paid each 6 months for 5 years at a nominal rate of 16% compounded semiannually
Find the future values of the following ordinary annuities: a. FV of $400 paid each 6 months for 5 years at a nominal rate of 16% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $200 paid each 3 months for 5 years at a nominal rate of 16% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. C. These annuities receive the same amount of cash during the 5-year period...
For a sum of money invested at 11.8% compounded quarterly for 10 years state the following...
For a sum of money invested at 11.8% compounded quarterly for 10 years state the following values a) the number of compounding periods b) the periodic rate of interest (c) the compounding factor (1 + i)n (d) the numerical value of the compounding factor (a) The number of compounding periods is 4 (Type an integer or a decimal.) (b) The periodic rate of interest is %. (Round to six decimal places as needed.) A (C) The compounding factor is (1+...
Find the future values of the following ordinary annuities: a. PV of $200 paid each 6...
Find the future values of the following ordinary annuities: a. PV of $200 paid each 6 months for 5 years at a nominal rate of 7% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $100 paid each 3 months for 5 years at a nominal rate of 7% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent c. These annuities receive the same amount of cash...
How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity,...
How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity, if the funds can earn 6% compounded quarterly, and both pay $800 monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more money is needed to fund the perpetuity
30. You plan to make five deposits of $1,000 each, one every 6 months, with the...
30. You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 6% nominal interest, compounded semiannually, how much will be in your account after 3 years? Do not round intermediate calculations. Round your answer to the nearest cent. $ One year from today you must make a payment of $9,000. To prepare for this payment, you plan...
Regular investments made at the beginning of each quarter earn 1% compounded quarterly. How many more $1000 investments than $1100 investments will it take to accumulate $84,000? (Do not round intermediate calculations and round up the number of investments.) It will take more payment(s).
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...
Janine borrowed $35,000 from her bank. Monthly payments are $600, including interest at 6.8% compounded quarterly. a.How many payments will Janine make altogether? (Do not round intermediate calculations and round your answer up to the next whole number.) No. of payments b.How much is the last payment? (Do not round intermediate calculations and round your answer to 2 decimal places.) Last payment c.How much interest will Janine pay over the life of the loan? (Do not round intermediate calculations and...
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
For a sum of money invested at 11.8% compounded quarterly for 10 years state the following values a) the number of compounding periods b) the periodic rate of interest (c) the compounding factor (1 + i)n (d) the numerical value of the compounding factor (a) The number of compounding periods is 4 (Type an integer or a decimal.) (b) The periodic rate of interest is %. (Round to six decimal places as needed.) A (C) The compounding factor is (1+...
Find the future values of the following ordinary annuities: a. PV of $200 paid each 6 months for 5 years at a nominal rate of 7% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $100 paid each 3 months for 5 years at a nominal rate of 7% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent c. These annuities receive the same amount of cash...
How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity, if the funds can earn 6% compounded quarterly, and both pay $800 monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more money is needed to fund the perpetuity
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