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An investment with an initial deposit of $2,654 is growing at an interest rate of 7.23%...
To find how many years it will take for $250.00 deposited at the end of each...
To find how many years it will take for $250.00 deposited at the end of each quarter to amount to $11,453.40 at 6% compounded quarterly, you can enter the following in the financial calculator and find the number of years: P/Y = = C/Y 1/4 = PV = Choose... PMT = FV = Choose... CPT N = Choose... which rounds up to • quarterly payments so, the number of years is Choose... To find how many quarterly payments it will...
8. Mortgages: a. What is the period interest rate on a mortgage with a 4.8% APR...
8. Mortgages: a. What is the period interest rate on a mortgage with a 4.8% APR compounded semiannually? b. A certain family can afford a monthly mortgage payment of $1,340.00. With an APR of 5.25% per annum, what is the maximum mortgage amount they can afford if they prefer a 20-year amortization period? N = I% = PV = PMT = FV = P/Y = C/Y = PMT: END BEGIN c. The Lees have purchased a new home for $360,000,...
B - Find the future value of a $1000 deposit in three years if the APR...
B - Find the future value of a $1000 deposit in three years if the APR is 8% compounded quarterly. Fill in the blanks below. Rate ? N ? PMT ? FV ? Type ? PV ?
please correct 8. Calculate the effective rate of interest on a certificate of deposit that offers...
please correct
8. Calculate the effective rate of interest on a certificate of deposit that offers a rate of interest of 7% per year, compounded semiannually =Bate FINANCIAL FUNCTION COMMANDS FV(RATE,NPER,PMT,PV) NPER(RATE,PMT, PV,FV)
Fill this You deposit $300 in an account earning 4% compound interest for 3 years. Find...
Fill this
You deposit $300 in an account earning 4% compound interest for 3 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places if necessary. PY C/Y N I/Y Frequency Annually: Semiannually: % Quarterly: % Monthly: Daily: % Frequency PV PMT FV Interest Earned Annually: $ $ $ Semiannually: $ $ $ Quarterly: $ $ $ Monthly: $ $ $ $ Daily: $ $ $ $
You realize you cannot get an interest rate from #1 above so you decide to open...
You realize you cannot get an interest rate from #1 above so you decide to open a restaurant where the Inner Circle was at YSU. You need $40,000 to renovate the inside. If you get a loan at 3.9% compounded monthly for 10 years find the monthly payments, total you contributed and the amount you paid in interest. N FV I p/y Paymer PV uted c/y Contri Pmt Begin Pmts : End Interest Paid What is the effective rate for...
please help Sophia invested $13,480 into an account that earns 3.34% interest compounded monthly. How long...
please help
Sophia invested $13,480 into an account that earns 3.34% interest compounded monthly. How long will it take (in years and days) to accumulate to $19,750. Round up the value of N to the next higher whole number (e.g. N = 5.31 rounds up to N = 6), similarly days are rounded up to the next days. If years is a whole number, you must enter a zero for days for the answer to be marked as correct. All...
Assume that the variables 1, N, and PV represent the interest rate, Investment or deposit period,...
Assume that the variables 1, N, and PV represent the interest rate, Investment or deposit period, and present Invested, respectively. Which equation best represents the calculation of a future value (FV) using: Compound interest? O FV = PV / (1 + I)N O FV = (1 + I)N/PV OFV = PV x (1 + 1)N Simple interest? O FV = PV / (PV * I * N) O FV = PV - (PV x 1 x N) O FV =...
I need help on question 2. MODULE IV: TIME VALUE OF MONEY INTRODUCTION The time value...
I need help on question 2.
MODULE IV: TIME VALUE OF MONEY INTRODUCTION The time value of money analysis has many a lysis has many applications, ranging from setting hedules for paying off loans to decisions about whether to invest in a partie financial instrument. First, let's define the following notations: I = the interest rate per period Na the total number of payment periods in an annuity PMT = the annuity payment made each period PV = present value...
Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question...
Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question 4 12 Question 5 13 Question 6 14 Question 7 15 Question 8 16 Question 9 17 Question 10 18 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount 28 29 Future Value of An Annuity...
To find how many years it will take for $250.00 deposited at the end of each quarter to amount to $11,453.40 at 6% compounded quarterly, you can enter the following in the financial calculator and find the number of years: P/Y = = C/Y 1/4 = PV = Choose... PMT = FV = Choose... CPT N = Choose... which rounds up to • quarterly payments so, the number of years is Choose... To find how many quarterly payments it will...
please correct
8. Calculate the effective rate of interest on a certificate of deposit that offers a rate of interest of 7% per year, compounded semiannually =Bate FINANCIAL FUNCTION COMMANDS FV(RATE,NPER,PMT,PV) NPER(RATE,PMT, PV,FV)
Fill this
You deposit $300 in an account earning 4% compound interest for 3 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places if necessary. PY C/Y N I/Y Frequency Annually: Semiannually: % Quarterly: % Monthly: Daily: % Frequency PV PMT FV Interest Earned Annually: $ $ $ Semiannually: $ $ $ Quarterly: $ $ $ Monthly: $ $ $ $ Daily: $ $ $ $
You realize you cannot get an interest rate from #1 above so you decide to open a restaurant where the Inner Circle was at YSU. You need $40,000 to renovate the inside. If you get a loan at 3.9% compounded monthly for 10 years find the monthly payments, total you contributed and the amount you paid in interest. N FV I p/y Paymer PV uted c/y Contri Pmt Begin Pmts : End Interest Paid What is the effective rate for...
please help
Sophia invested $13,480 into an account that earns 3.34% interest compounded monthly. How long will it take (in years and days) to accumulate to $19,750. Round up the value of N to the next higher whole number (e.g. N = 5.31 rounds up to N = 6), similarly days are rounded up to the next days. If years is a whole number, you must enter a zero for days for the answer to be marked as correct. All...
Assume that the variables 1, N, and PV represent the interest rate, Investment or deposit period, and present Invested, respectively. Which equation best represents the calculation of a future value (FV) using: Compound interest? O FV = PV / (1 + I)N O FV = (1 + I)N/PV OFV = PV x (1 + 1)N Simple interest? O FV = PV / (PV * I * N) O FV = PV - (PV x 1 x N) O FV =...
I need help on question 2.
MODULE IV: TIME VALUE OF MONEY INTRODUCTION The time value of money analysis has many a lysis has many applications, ranging from setting hedules for paying off loans to decisions about whether to invest in a partie financial instrument. First, let's define the following notations: I = the interest rate per period Na the total number of payment periods in an annuity PMT = the annuity payment made each period PV = present value...
Time Value of Money Spreadsheet Example 4 Module IV Name: Date: 6 7 8 Question 1 9 Question 2 10 Question 3 11 Question 4 12 Question 5 13 Question 6 14 Question 7 15 Question 8 16 Question 9 17 Question 10 18 19 20 Single Amount or Annuity 21 Periodic Interest Rate 22 Number of Periods 23 24 25 Present Value of Single Amount 26 27 Future Value of Single Amount 28 29 Future Value of An Annuity...
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