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Rental costs for office space have been going up at 6.15 per year compounded annually for...
Rental costs for office space have been going up at 6.4% per year compounded annually for...
Rental costs for office space have been going up at 6.4% per year compounded annually for the past 4 years. If office space rent is now $27 per square foot per month, what were the rental rates 4 years ago? The rates 4 years ago were about $ per square foot. (Round to two decimal places as needed.)
Rental costs for office space have been going up at 8.8% per year compounded annually for...
Rental costs for office space have been going up at 8.8% per year compounded annually for the past 9 years. If office space rent is now $24 per square foot per month, what were the rental rates 9 years ago? The rates 9 years ago were about $ per square foot. (Round to two decimal places as needed.)
Rental costs for office space have been going up at 9.9% per year compounded annually for...
Rental costs for office space have been going up at 9.9% per year compounded annually for the past 5 years. If the office rent is now $29 per square foot per month, what were the innitial rates 5 years ago? The rates 5 years ago were about $______ per square foot. (Round to two decimal places as needed.)
Rental cost for offices spaces have been going up at 6.2% per year compounded annually for the past 5 years
Rental cost for offices spaces have been going up at 6.2% per year compounded annually for the past 5 years. If office space rent is now $32 per square foot per month, what were the rental rates 5 years ago
Big Brothers, Inc. borrows $321,854 from the bank at 16.21 percent per year, compounded annually, to...
Big Brothers, Inc. borrows $321,854 from the bank at 16.21 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 6 years. How much will each annual payment be? Round the answer to two decimal places.
4. A loan of $14,000 with interest at 12% compounded annually is repaid by payments of...
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...
An investment of $3200 earns interest at 4.5% per annum compounded semi-annually for three years. At...
An investment of $3200 earns interest at 4.5% per annum compounded semi-annually for three years. At that time the interest rate is changed to 4.9% compounded monthly. How much will the accumulated value be one-and-a-half years after the change? The accumulated value is $] (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Amortization schedule a. set up an amortization schedule for a $23,000 loan to be repaid in...
Amortization schedule a. set up an amortization schedule for a $23,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Round all answers to the nearest cent Beginning Remaining ar Balance ay men Balance b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Round all answers to two decimal places % interest % Principal Year...
a. Complete an amortization schedule for a $21,000 loan to be repaid in equal installments at...
a. Complete an amortization schedule for a $21,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 8% compounded annually. Round all answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 21000 8148.70 1680 14531.30 6468.70 $ 14531.30 8148.70 1162.50 7545.10 6986.20 $ 8148.70 7545.10 603.61 og 7545.10 $ b. What percentage of the payment represents interest and what percentage represents principal...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
Rental costs for office space have been going up at 6.4% per year compounded annually for the past 4 years. If office space rent is now $27 per square foot per month, what were the rental rates 4 years ago? The rates 4 years ago were about $ per square foot. (Round to two decimal places as needed.)
Rental costs for office space have been going up at 8.8% per year compounded annually for the past 9 years. If office space rent is now $24 per square foot per month, what were the rental rates 9 years ago? The rates 9 years ago were about $ per square foot. (Round to two decimal places as needed.)
Big Brothers, Inc. borrows $321,854 from the bank at 16.21 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 6 years. How much will each annual payment be? Round the answer to two decimal places.
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...
An investment of $3200 earns interest at 4.5% per annum compounded semi-annually for three years. At that time the interest rate is changed to 4.9% compounded monthly. How much will the accumulated value be one-and-a-half years after the change? The accumulated value is $] (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Amortization schedule a. set up an amortization schedule for a $23,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 8% compounded annually. Round all answers to the nearest cent Beginning Remaining ar Balance ay men Balance b. What percentage of the payment represents interest and what percentage represents principal for each of the 3 years? Round all answers to two decimal places % interest % Principal Year...
a. Complete an amortization schedule for a $21,000 loan to be repaid in equal installments at the end of each of the next three years. The interest rate is 8% compounded annually. Round all answers to the nearest cent. Beginning Repayment Ending Year Balance Payment Interest of Principal Balance 21000 8148.70 1680 14531.30 6468.70 $ 14531.30 8148.70 1162.50 7545.10 6986.20 $ 8148.70 7545.10 603.61 og 7545.10 $ b. What percentage of the payment represents interest and what percentage represents principal...
What does it mean to say that interest is compounded daily? Assume a 365-day year. Compounded daily means the interest is compounded time(s) a year. х Find the compound interest and future value. Do not round intermediate steps. Round your answers to the nearest cent. Principal Rate Compounded Time $875 5% Annually 9 years The future value is $ and the compound interest is $ х 5 Find the compound interest and future value. Round your answers to the nearest...
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