(1 point) Find the principal needed to get $1000 in 4 years at 14% compounded monthly....
Find the principal needed now to get the given amount; that is, find the present value. To get $300 after 2 years at 7% compounded monthly The present value of $300 is $ (Round to the nearest cent as needed)
Find the principal needed now to get the given amount; that is, find the present value. To get $600 after 3 years at 11% compounded monthly The present value of $600 is $ (Round to the nearest cent as needed.)
HW18: Problem 2 Previous Problem Problem List Next Problem (4 points) Find the principal needed to get $700 in 6 years at 4% compounded monthly. Principal = $ 11 Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining.
(4 points) Consider a 2-year mortgage loan that is paid back semi-annually. The semi-annually compounded mortgage rate is 5%. The principal is $1000. a) (1 point) Calculate the semi-annual coupon. b) (3 points) How much of the coupon is interest payment and how much is principal repayment in 0.5 year, in 1 year, in 1.5 years, and in 2 years? Also calculate the (post- coupon) notional value of the outstanding principle for these four dates.
(4 points) Consider a 2-year...
(1 point) Find the effective rate of interest for a) 7% compounded monthly Answer = % b) 8% compounded semiannually Answer = %
Determine the principal P that must be invested at rate r = 3 1 2 %, compounded monthly, so that $700,000 will be available for retirement in t = 13 years. (Round your answer to the nearest cent.) P = $
You deposit $1000 today, how much you will get in five years if Bank ABC is offering 10% monthly compounded on its saving accounts?
Find the monthly payment needed to amortize principal and interest for the foredrate morte Loan Amount Interest Rate Term 5229.750 996 25 years Use other the regular monthly payment formulare Click the icon to view the Real Estate Amortization Table The monthly payment is s (Round to the nearest cent as needed.) Monthly payments to Repay Principal and Interest on a $1000 mortege Terms of Morte n 20 3.0 17 4450 421604 1.19174 ORRO ENTE 449045 4.05 IN 416 ISTELO...
Compare simple and compound interest (compounded annually) on a principal of $25,000 at an annual rate of 4%. Find the number of years it takes for the the difference of the TOTAL using Simple interest and TOTAL using compound interest (compounded annually) to reach more than $1000.
Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use either the regular monthly payment formula or the given table. Loan Amount Interest Rate Term $210,500 L 9% 25 years Click the icon to view the Real Estate Amortization Table. The monthly payment is s (Round to the nearest cent as needed.) years Amort Monthly payments to Repay Principal and Interest on a $1000 mortgage Annual Term of Mortgage (years) rate 20 25 30 4...