Your grandmother is gifting you $100 a month for four years while you attend college to earn your bachelor's degree. At a 5.3 percent discount rate, what are these payments worth to you on the day you enter college?
Amount at the time of entering the college=100/(5.3%/12)*(1-1/(1+5.3%/12)^(12*4))=4316.775746
Your grandmother is gifting you $100 a month for four years while you attend college to...
Your grandmother will be gifting you $150 at the end of each month for four years while you attend college. At a discount rate of 3.7 percent, what are these payments worth to you on the day you enter college?
24. Your grandmother is gifting you $125 a month for four years while you attend college to earn your bachelor's degree. At a 6.5 percent discount rate, what are these payments worth to you on the day you enter college? A. SS 201.16 B. 58.270.94 C. 55,509.19 D. 55,608.87 25. At 8 percent interest, how long would it take to quadruple your money? A 16.95 1664 C 1709 D. 18.01 26. You are considering two loans. The terms of the...
CH6 Your grandfather is gifting you $250 a month for four years while you attend college. If you discount those payments at 0.4% a month , what are these payments worth to you on the day you enter college? Group of answer choices 10,898.56 $10,201.19 $10,308.87 $9,870.67
Your parents are giving you $250 a month for four years while you are in college. At an interest rate of 0.57 percent per month, what are these payments worth to you when you first start college?
You estimate that you will owe $45,300 in student loans by the time you graduate. The interest rate is 4.25 percent. If you want to have this debt paid in full within ten years, how much must you pay each month? Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate...
You want to have $78,000 in 16 years to help your child attend college. If you can esrn an annual interest rate of 3.4 percent, how much will you have to deposit today? You want to have $78,000 in 16 years to help your child attend college. If you can earn an annual interest rate of 3.4 percent, how much will you have to deposit today? Multiple Choice $45,684.20 $44,182.01
Please post all the work, so I can understand the process :) -Nick got a $125 a month for four years while attending college to earn his undergraduate degree. At a 6.5 percent discount rate, what were these payments worth to him on the day he started college. A. $5,201.16 B. $5,270.94 C. $5,509.19 D. $5,608.87 E. $5,800.00
You want to have $85,000 in 17 years to help your child attend college. If you can earn an annual interest rate of 4.1 percent, how much will you have to deposit today?
Your Parents are planning to help you while you are in college. He has vowed that he will give you $170 each month for all 4 years while you are in college. Given an interest rate of .22 percent per month, what is the present value of these cash flows worth to you when you first start college? Multiple Choice $7,735.86 $7,911.24 $7,486.43 $7,553.03 $7,216.86
-Which one of the following statements concerning interest rates is correct? A. Savers would prefer annual compounding over monthly compounding. B. The effective annual rate decreases as the number of compounding periods per year increases. C. The effective annual rate equals the annual percentage rate when interest is compounded annually. D. Borrowers would prefer monthly compounding over annual compounding. E. For any positive rate of interest, the effective annual rate will always exceed the annual percentage rate. -Nick got a...