Question

-Response 23269220 tags- a vefuestion3217135,1 1 POINTS PREVIOUS ANSWERS TANAPMATH7 4.3.002. NY NOTES ASK YOUR TEAG a lo of dollars over years with best charged at the rate of rear compounded ind the period payment required to m P 60,000, = 5, 1), m= 6 times a year. Round your answer to the nearest cent.) 1 POINTS PREVIOUS ANSWERS TANAPMATH74.3.004. Y NOTESLAXY RTLAC Find the periodic payment Required to amortire a loan of dollars over t years with interest charged at the rate of P 1000, 5, 2, 12 year compounded times a year. (Round your answer to the nearest cent. - 11 POINTS TANAPMATH7 4.3.014. MY NOTES ASK YOUR TEACHER with interested at the rate of a compounded mes h te marestent Find the periodic payment Required to accumulate a sum of s do 5 300.000, 27. 11, 4 - POINTS TANAPMATH7 4.3.018. MY NOTES ASK YOUR TEACHER annutty 346.000, what should be the stre Suppose payments be made for years the end of each month from an ordinary annuity caring interest at the rate of 2.25year compounded money. If the present value of of each payment from the annuity? [Round your answer to the nearest cent.) MY NOTES | ASK YOUR TEACHER 11 POINTS TANAPMATH7 43.020. what monthly payment is required to amortire a loan of $35.000 over 10 years of interest at the rate of nearest cent) year is charged on the unpas balance and interest calculations are made at the end of each month (Round your answer to the

Answer 1

Giver p=60,000 , 8=5, tzis,m=6 esina Jormulae - Dresent Value of - Amuity we can determine this PV z PMT X I-CHO) CScanned with CamScarlner

pri - harferly payment 2 halfery interest rate n -> no. of periods it takes to Mayback the loan rate 8 calculate de interest harferly 10 by dividing the annual rate by sie Text = 0.008333 n is the no. of quaterly periods in Periods in of n is the no. U 13 years is 13x6 =18 for Sorurna in above equatro Yatron ments haid yearly Tayments 60,000 Peale = PMT X (1-(1 +0.008333) 8333 )7g : 0.008 333 60000 x0.008333 C1-C1+0.00833-78 -76 = PM T IPMT = 1049 20 CSScanned with CamScanner