Answer the following questions: a. What equal annual series of payments must be paid to accumulate...
Answer the following questions:
a. What equal annual series of payments must be paid to accumulate $12,000 in 13 years at 5%, compounded annually?
b. Part of the income a machine generates is put into a fund to finance the purchase of a new machine. If $1,500 is invested annually at 7% interest (compound) how many years before the fund becomes $25,000?
c. What is the future value of the following series of payments: $1,000 for 5 years at 8.25%?
Homework Answers
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Answer the following questions:
a. What equal annual series of payments must be paid to
accumulate...
What equal series of payments must be paid into a sinking fund to accumulate the following...
What equal series of payments must be paid into a sinking fund to accumulate the following amount? (a) $56,000 in 9 years at 8.85% compounded semiannually when payments are semiannual. (b) $22,000 in 14 years at 5.97% compounded quarterly when payments are quarterly. (c) $18,000 in nine years at 9.79% compounded monthly when payments are monthly. (a) The required semiannual payment amount should beRound to the nearest dollar.)
What is an annuity? Select one: a. present worth of a series of equal payments. b....
What is an annuity? Select one: a. present worth of a series of equal payments. b. a single payment. c. a series of payments that changes by a constant amount from one period to the next. d. a series of equal payments over a sequence of equal periods. e. a series of payments that changes by the same proportion from one period to the next. Question 2 The present worth factor Select one: a. gives the future value equivalent to...
(Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years...
(Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years at 10 percent compounded annually. b. $7,900 invested for 7 years at 7 percent compounded annually c. $790 invested for 12 years at 12 percent compounded annually. d. $23,000 invested for 5 years at 4 percent compounded annually. a. To what amount will $5,200 invested for 9 years at 10 percent compounded annually accumulate? SIN (Round to the nearest cent.) nter your answer in...
A series of 16 equal semi-annual payments of $ 2,000 each are made for 8 years....
A series of 16 equal semi-annual payments of $ 2,000 each are made for 8 years. What would be the future value of this series of payments, immediately after the last semi-annual payment of $ 2,000 ? The annual interest rate is 8 % compounded continuously.
A: What is the amount of the payments that Henry Winslow must make at the end...
A: What is the amount of the payments that Henry Winslow must make at the end of each of 8 years to accumulate a fund of $86,200 by the end of the 8th year, if the fund earns 8% interest, compounded annually? B: Morgan Hitchcock is 39 years old today and he wishes to accumulate $513,000 by his 63rd birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal...
A: What is the amount of the payments that Henry Winslow must make at the end...
A: What is the amount of the payments that Henry Winslow must make at the end of each of 8 years to accumulate a fund of $86,200 by the end of the 8th year, if the fund earns 8% interest, compounded annually? B: Morgan Hitchcock is 39 years old today and he wishes to accumulate $513,000 by his 63rd birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal...
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000...
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000 in 5 years at 5% interest compounded annually (b) $5500 in 4 years at 9.7% interest compounded anngally (e) $8500 in 3 years at 2.5% interest compounded andually (d) $30,000 in 20 years at 8,5% interest compounded annually
only answer b,c,d thanks . What equal-payment series is required to repay the following present amounts?...
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
Problem 2-39 (book/static) What equal annual payment series is required to repay the following present amounts?...
Problem 2-39 (book/static) What equal annual payment series is required to repay the following present amounts? (a) $15,000 in six years at 3.5% interest compounded annually (b) $7,500 in seven years at 7.5% interest compounded annually (c) $2,500 in five years at 5.25% interest compounded annually (d) $12,000 in 15 years at 6.25% interest compounded annually (a) The annual payment is S. (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer equipment...
Problem 5-1 (similar to) (Compound interest) To what amount will the following investments accumu...
Problem 5-1 (similar to) (Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years at 9 percent compounded annually. b. $8,000 invested for 7 years at 8 percent compounded annually. c. $795 invested for 11 years at 13 percent compounded annually. d. $20,000 invested for 5 years at 4 percent compounded annually.
Problem 5-1 (similar to) (Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years at 9...
What equal series of payments must be paid into a sinking fund to accumulate the following amount? (a) $56,000 in 9 years at 8.85% compounded semiannually when payments are semiannual. (b) $22,000 in 14 years at 5.97% compounded quarterly when payments are quarterly. (c) $18,000 in nine years at 9.79% compounded monthly when payments are monthly. (a) The required semiannual payment amount should beRound to the nearest dollar.)
(Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years at 10 percent compounded annually. b. $7,900 invested for 7 years at 7 percent compounded annually c. $790 invested for 12 years at 12 percent compounded annually. d. $23,000 invested for 5 years at 4 percent compounded annually. a. To what amount will $5,200 invested for 9 years at 10 percent compounded annually accumulate? SIN (Round to the nearest cent.) nter your answer in...
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000 in 5 years at 5% interest compounded annually (b) $5500 in 4 years at 9.7% interest compounded anngally (e) $8500 in 3 years at 2.5% interest compounded andually (d) $30,000 in 20 years at 8,5% interest compounded annually
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
Problem 2-39 (book/static) What equal annual payment series is required to repay the following present amounts? (a) $15,000 in six years at 3.5% interest compounded annually (b) $7,500 in seven years at 7.5% interest compounded annually (c) $2,500 in five years at 5.25% interest compounded annually (d) $12,000 in 15 years at 6.25% interest compounded annually (a) The annual payment is S. (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer equipment...
Problem 5-1 (similar to) (Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years at 9 percent compounded annually. b. $8,000 invested for 7 years at 8 percent compounded annually. c. $795 invested for 11 years at 13 percent compounded annually. d. $20,000 invested for 5 years at 4 percent compounded annually.
Problem 5-1 (similar to) (Compound interest) To what amount will the following investments accumulate? a. $5,200 invested for 9 years at 9...
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