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Calculate the maturity value of end-of-month payments of $5,000 made at 6.09% compounded quarterly for 3...
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...
Calculate the future value of end-of-month payments of $3,000 made for 6 years into an investment fund that earns 6.50% compounded quarterly.
Find the payment made by the ordinary annuity with the given present value. $260,832: quarterly payments for 33 years, interest rate is 6%, compounded quarterly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
Suppose payments will be made for 7(1/4) years at the end of each month from an ordinary annuity earning interest at the rate of 5.75%/year compounded monthly. If the present value of the annuity is $48,000, what should be the size of each payment from the annuity? (Round your answer to the nearest cent.)
What is the discounted value of payments of $100.00 made at the end of every three months for 3.5 years if interest is 9% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) sd 5 (2 Cha ster! ment Enter your answer in the answer box
Suppose payments will be made for 9¼ years at the end of each month from an ordinary annuity earning interest at the rate of 3.25%/year compounded monthly. If the present value of the annuity is $49,000, what should be the size of each payment from the annuity? (Round your answer to the nearest cent.)
Suppose payments will be made for 7¼ years at the end of each month from an ordinary annuity earning interest at the rate of 4.25%/Year compounded monthly. If the present value of the annuity is $44,000, what should be the size of each payment from the annuity? (Round your answer to the nearest cent.)
Question 4 of 6 Helen's student loan of $23,000 at 4.62% compounded quarterly was amortized over 5 years with payments made at the end of every month. What was the principal balance on the loan after 3 years? Round to the nearest cent
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the future value of the annuity after 12 years is $70,000, what was the size of each payment? (Round your answer to the nearest cent.)
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 2.5%/year compounded monthly. If the future value of the annuity after 10 years is $65,000, what was the size of each payment? (Round your answer to the nearest cent.)