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A promissory note will pay $41,000 at maturity 9 years from now. If you pay $24,000...
Suppose an investment will pay $11,000 in 29 years from now. If you can earn 15.35%...
Suppose an investment will pay $11,000 in 29 years from now. If you can earn 15.35% interest compounded monthly by depositing your money in a bank, how much should you pay for the investment today? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.
Find the proceeds of a promissory note with a maturity value of $2900 due on December...
Find the proceeds of a promissory note with a maturity value of $2900 due on December 31, 2021, discounted at 5.6% compounded semi-annually on June 30, 2019. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
An investment will pay you $29,900 in 11 years. The stated interest rate is 9% (APR)....
An investment will pay you $29,900 in 11 years. The stated interest rate is 9% (APR). If interest is compounded continuously, what is the present value? Enter your response below rounded to two decimal places Number If the nominal interest rate is 4% and the real interest rate is 1%, what is the inflation rate? Enter your answer as a percentage. Do not enter the percentage sign in your answer Enter your response below (rounded to 2 decimal places)
You have an outstanding student loan with required payments of $600 per month for the next...
You have an outstanding student loan with required payments of $600 per month for the next four years. The interest rate on the loan is 9% APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month Looking at your budget, you can afford to pay an extra $250 a month in addition to your required monthly payments of $600, or $850 in total...
question 6,7 6. (4 marks) A 182-day promissory note for $1000 with simple interest at 9%...
question 6,7
6. (4 marks) A 182-day promissory note for $1000 with simple interest at 9% is signed on January 12 2018. After 62 days, it is sold to a finance company that charges a simple discount of 6%. a. How much does the finance company pay for the note? b. What is the simple interest rate of return that the finance company earns on its investment if it holds the note until its maturity? 7. (6 Marks) Jean owes...
You have found three investment choices for a one-year deposit 10.4% APR compounded monthly, 10.4% APR...
You have found three investment choices for a one-year deposit 10.4% APR compounded monthly, 10.4% APR compounded annually, and 9.7% APR compounded daily. Compute the EAR for each investment choice (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is %. (Round to three decimal places.) The EAR for the second investment choice is % (Round to three decimal...
An m ent will pay you 121.200 in 15 years. The stated Werest rate is 125...
An m ent will pay you 121.200 in 15 years. The stated Werest rate is 125 APR rest is compounded continuously what is the present Enter your response below rounded to two decimal places Number Out & Beck Question MacBook Air
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and...
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment to double at 5% compounded monthly? years and months (Round up to the nearest month.) How long will it take for an investment to triple if it...
need 22,23,&24 please Question 22 1 pts 9 years ago you deposited 1,861 into an account....
need 22,23,&24 please
Question 22 1 pts 9 years ago you deposited 1,861 into an account. Today that account has a balance of 15,771. If the account offers quarterly compounding, what rate of return did you earn? (enter your response as a percentage with 2 decimal places.ex: 12.34 instead of 0.1234) Question 23 1 pts 12th National bank offers an account paying 11.5% interest compounded 7 times per year. What is the effective interest rate paid by this account? (Enter...
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is...
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find the proceeds of a promissory note with a maturity value of $2900 due on December 31, 2021, discounted at 5.6% compounded semi-annually on June 30, 2019. The proceeds are $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
An investment will pay you $29,900 in 11 years. The stated interest rate is 9% (APR). If interest is compounded continuously, what is the present value? Enter your response below rounded to two decimal places Number If the nominal interest rate is 4% and the real interest rate is 1%, what is the inflation rate? Enter your answer as a percentage. Do not enter the percentage sign in your answer Enter your response below (rounded to 2 decimal places)
You have an outstanding student loan with required payments of $600 per month for the next four years. The interest rate on the loan is 9% APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month Looking at your budget, you can afford to pay an extra $250 a month in addition to your required monthly payments of $600, or $850 in total...
question 6,7
6. (4 marks) A 182-day promissory note for $1000 with simple interest at 9% is signed on January 12 2018. After 62 days, it is sold to a finance company that charges a simple discount of 6%. a. How much does the finance company pay for the note? b. What is the simple interest rate of return that the finance company earns on its investment if it holds the note until its maturity? 7. (6 Marks) Jean owes...
You have found three investment choices for a one-year deposit 10.4% APR compounded monthly, 10.4% APR compounded annually, and 9.7% APR compounded daily. Compute the EAR for each investment choice (Assume that there are 365 days in the year.) (Note: Be careful not to round any intermediate steps less than six decimal places.) The EAR for the first investment choice is %. (Round to three decimal places.) The EAR for the second investment choice is % (Round to three decimal...
An m ent will pay you 121.200 in 15 years. The stated Werest rate is 125 APR rest is compounded continuously what is the present Enter your response below rounded to two decimal places Number Out & Beck Question MacBook Air
Jimmy invests $22,000 in an account that pays 5.99% compounded quarterly. How long (in years and months) will it take for his investment to reach $25,000? years and months (Round the answer for months up to the nearest multiple of three.) How long (in years and months) will it take for an investment to double at 5% compounded monthly? years and months (Round up to the nearest month.) How long will it take for an investment to triple if it...
need 22,23,&24 please
Question 22 1 pts 9 years ago you deposited 1,861 into an account. Today that account has a balance of 15,771. If the account offers quarterly compounding, what rate of return did you earn? (enter your response as a percentage with 2 decimal places.ex: 12.34 instead of 0.1234) Question 23 1 pts 12th National bank offers an account paying 11.5% interest compounded 7 times per year. What is the effective interest rate paid by this account? (Enter...
A $4365.42 investment matures in 7 years, 11 months. Find the maturity value if interest is 4.9% per annum compounded quarterly. The maturity value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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