What sum of money will grow to $6347.24 in nine years at 4% compounded quarterly? The...
What sum of money will grow to $3443.75 in seven years at 8.3% compounded semi-annually? The sum of money is $0 (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
1. A loan of $5989 borrowed today is to be repaid in three equal installments due in two years, three years, and five years, respectively. What is the size of the equal installments if money is worth 2.3% compounded quarterly question markquarterly?The payments are each $nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Enter your answer in the answer box. 2. What sum of money will grow...
A demand loan for $4749.79 with interest at 4.9% compounded quarterly is repaid after 5 years, 10 months. What is the amount of interest paid? The amount of interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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+...
What is the principal that will grow to $5800 in seven years, two months at 5.7% compounded monthly? The principal is 5 (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the principal that will grow to $1400 in four years, four months at 9.5% compounded semi-annually? The principal is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
4. A loan of $14,000 with interest at 12% compounded annually is repaid by payments of $856.00 made at the end of every month. (a) How many payments will be required to amortize the loan? (b) If the loan is repaid in full in 1 year, what is the payout figure? (c) If paid out, what is the total cost of the loan? (a) The number of payments required to amortize the loan is (Round up to the nearest whole...
What lump sum deposited today at 8% compounded quarterly for 5 years will yield the same final amount as deposits of $5000 at the end of each 6-month period for 5 years at 4% compounded semiannually? The value of the lump sum is $ .............. (Round to the nearest cent as needed.)
What sum of money will grow to $4663.73 in eight years at 6% compounded annually? The sum of money is S needed)
5. Four $1000 bonds with 4.4% coupons payable annually are purchased nine months after a coupon matures, to yield 2.2% compounded quarterly. The bonds mature in five years. (a) What is the market price or quoted price of the bonds? (b) What is the accrued interest? (c) What is the cash price? (a) The quoted price of the bonds is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as...