Homework Answers
monthly payment will be
=loan amount/((1-(1+r)^(-n))/r)
=50000/((1-(1+(13%/12))^(-14*12))/(13%/12))
=647.63
Add Answer to:
(-70.1 Points) DETAILS TANAPMATHS 4.3.020. MY NOTES PRACTICE ANOTHER What monthly payment is required to amortize...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $3500/quarter into the new account until his retirement 30 yr from now. If the account earns interest at the rate of 7%./year compounded quarterly, how much will Luis have in his account at...
Find the periodic payment R required to amortize a loan of dollars over t yr with...
Find the periodic payment R required to amortize a loan of dollars over t yr with interest charged at the rate of %/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000,- 2, t = 20, m - 4 $ Enter a number HTT Read it Talk to Tutor Submit Answer 2. (-/0.1 Points] DETAILS TANAPMATHS 4.3.008. MY NOTES PRACTICE ANOTHER Find the periodic payment R required to amortize a loan of P dollars...
13. [-/0.1 Points] DETAILS TANAPMATHS 4.3.036. MY NOTES PRACTICE ANOTHER Darla purchased a new car during...
13. [-/0.1 Points] DETAILS TANAPMATHS 4.3.036. MY NOTES PRACTICE ANOTHER Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $18,000 at a rate of 6%/year compounded monthly. Her bank is now charging 11.7%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3...
Suppose payments were made at the end of each month into an ordinary annuity earning interest...
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tuter 5. (-/0.1 Points) DETAILS TANAPMATH5 4.3.018. MY NOTES PRACTICE ANOTHER Suppose payments will be made for 4 years at the end of each month...
15. [-/0.1 Points] DETAILS TANAPMATHS 4.3.048. MY NOTES PRACTICE ANOTHER Five years ago, Diane secured a...
15. [-/0.1 Points] DETAILS TANAPMATHS 4.3.048. MY NOTES PRACTICE ANOTHER Five years ago, Diane secured a bank loan of $300,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 yr, and the Interest rate was 10%/year compounded monthly on the unpaid balance. Because the interest rate for a conventional 30-yr home mortgage has now dropped to S%/year compounded monthly, Diane is thinking of refinancing her property. (Round your...
MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to...
MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read it Tuto a Tutor 5. [0/0.1 Points] DETAILS PREVIOUS ANSWERS TANAPMATHS 4.2.014 MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly $ 222.86 X Need Help? Read Tu te Tutor...
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual...
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 5. (-/0.1 Points] DETAILS TANAPMATHS 4.2.014. Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly Need Help? Read Talk te Tutor MY NOTES PRACTICE ANOTHER 6. [-70.1 Points) DETAILS TANAPMATHS...
MY NOTES PRACTICE ANOTHER Robin, who is self-employed, contributes $5500/year into a Keogh account. How much...
MY NOTES PRACTICE ANOTHER Robin, who is self-employed, contributes $5500/year into a Keogh account. How much will he have in the account after 20 yr If the account earns interest at the rate of 7.5%/year compounded yearly? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tutor 9. (-/0.1 Points] DETAILS TANAPMATHS 4.2.020. MY NOTES PRACTICE ANOTHER The Pirerras are planning to go to Europe 4 yr from now and have agreed to set aside $170/month...
What monthly payment is required to amortize a loan of $35,000 over 10 yr if interest at the rate of 15%/year is charged on the unpaid balance and interest calculations are made at the end of each month
What monthly payment is required to amortize a loan of $35,000 over 10 yr if interest at the rate of 15%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.)
1. What monthly payment is required to amortize a loan of $50,000 over 14 years if...
1. What monthly payment is required to amortize a loan of $50,000 over 14 years if interest at the rate of 6%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.) $ 2. The Flemings secured a bank loan of $368,000 to help finance the purchase of a house. The bank charges interest at a rate of 3%/year on the unpaid balance, and interest computations...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $3500/quarter into the new account until his retirement 30 yr from now. If the account earns interest at the rate of 7%./year compounded quarterly, how much will Luis have in his account at...
Find the periodic payment R required to amortize a loan of dollars over t yr with interest charged at the rate of %/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000,- 2, t = 20, m - 4 $ Enter a number HTT Read it Talk to Tutor Submit Answer 2. (-/0.1 Points] DETAILS TANAPMATHS 4.3.008. MY NOTES PRACTICE ANOTHER Find the periodic payment R required to amortize a loan of P dollars...
13. [-/0.1 Points] DETAILS TANAPMATHS 4.3.036. MY NOTES PRACTICE ANOTHER Darla purchased a new car during a special sales promotion by the manufacturer. She secured a loan from the manufacturer in the amount of $18,000 at a rate of 6%/year compounded monthly. Her bank is now charging 11.7%/year compounded monthly for new car loans. Assuming that each loan would be amortized by 36 equal monthly installments, determine the amount of interest she would have paid at the end of 3...
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tuter 5. (-/0.1 Points) DETAILS TANAPMATH5 4.3.018. MY NOTES PRACTICE ANOTHER Suppose payments will be made for 4 years at the end of each month...
15. [-/0.1 Points] DETAILS TANAPMATHS 4.3.048. MY NOTES PRACTICE ANOTHER Five years ago, Diane secured a bank loan of $300,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 yr, and the Interest rate was 10%/year compounded monthly on the unpaid balance. Because the interest rate for a conventional 30-yr home mortgage has now dropped to S%/year compounded monthly, Diane is thinking of refinancing her property. (Round your...
MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read it Tuto a Tutor 5. [0/0.1 Points] DETAILS PREVIOUS ANSWERS TANAPMATHS 4.2.014 MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly $ 222.86 X Need Help? Read Tu te Tutor...
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 5. (-/0.1 Points] DETAILS TANAPMATHS 4.2.014. Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly Need Help? Read Talk te Tutor MY NOTES PRACTICE ANOTHER 6. [-70.1 Points) DETAILS TANAPMATHS...
MY NOTES PRACTICE ANOTHER Robin, who is self-employed, contributes $5500/year into a Keogh account. How much will he have in the account after 20 yr If the account earns interest at the rate of 7.5%/year compounded yearly? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tutor 9. (-/0.1 Points] DETAILS TANAPMATHS 4.2.020. MY NOTES PRACTICE ANOTHER The Pirerras are planning to go to Europe 4 yr from now and have agreed to set aside $170/month...
Most questions answered within 3 hours.
-
the following reaction occurs in a balloon containing
N2O2 gas
N2O4(g)=2NO2(g)
will the volume of the...
asked 17 minutes ago -
answer the questions throughout this program
public class Day implements Comparable {
Private Boolean atWork;...
asked 24 minutes ago -
This is C++ code for parking fee management program
#include <iostream>
#include <iomanip>
using namespace std;...
asked 35 minutes ago -
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 2 hours ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 3 hours ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 4 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 5 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 5 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 5 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 6 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 6 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 7 hours ago