EGR310 Homework Week 2

es of Finance | ZSpring20 spring21 Time left 1:03:51 You intend to buya farm in seven years and plan to have saved OMR 75,200 for a down payment. How much money would you have to place today into an investment that earns 8% per year to have enough for your desired down payment? O a 43,878.48 Ob. 128,879.59 O. 57,440.67 Od. 31,934.26 Oe 88,810.65 NEXT PAGE 28 Finis CONTACT US P Type here to search 144 %23 prt sc delete 4 6. 7. V. 8 - backspace T 44 G 13 K C M 10 pause alt ctrl

* 00 Problem Set 1: Finance Score: 19.8/50 8/20 answered Question 10 You deposit $3000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 20 years? no. Question Help: D Video 1 D Video 2 Submit Question MacBook Air 08 F3 DD F1 F2 F4 & i 1 # 2$ 2 4. 5. R A H

nt question   Q1. Find the present value of 30 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 30 annual payments from t=14 to t=43 inclusive. The discount rate is 5% pa. The present value of these payments is: Question 8Select one: a. $4,908.18 b. $16,304.68 c. $21,212.85 d. $30,282.15 e. $30,744.9

Chapter 5: Simple and Compound Interest - Homework Score: 50.42/100 19/32 answered Question 15 How much would you need to deposit in an account now in order to have $2000 in the account in 15 years? Assume the account earns 6% interest compounded monthly. Round to the nearest cent. Submit Question 80 F1 DIL F2 F3 F4 F5 E7 FE @ %23 $ & 2 3 4 5 6 7 8

Question 20 You owe $26,000 on student loans at an interest rate of 3.6% compounded monthly. You want to pay off the loan in 15 years. You should show your work for this problem. nts What will your monthly payments be? How much interest do you pay? > Next Question mplete 31

Chapter 5: Simple and Compound Interest - Homework Score: 50.42/100 18/32 answered • Question 19 > Suppose you invest $3300 in an account with an annual interest rate 12% compounded monthly (1% each month). Use this information to complete the table below. Round to the nearest cent as needed. 1% Interest Month Starting Balance Ending Balance on Starting Balance $3300 $33 $3333 2 $3333 3. $3399,99 4 $3399.99 $34.34 Submit Question 14 80 888 DD F2 F3 F4 F7 FB F9 @ 23 & 1 2 3 4 7 8 Q W E R T D F H この

FIN2230 Chapter 9 Assignment i 4 If you invest $14,500 per period for the following number of periods is received at the beginning of each year. (Annuity in advance) (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a. 9 years at 4 percent Future value $ b. 16 years at 12 percent Future value $ c. 20 periods at 15 percent Saved Future value

pse Module 11: Interest and Annuities Suppose you make a lump-sum investment of $10,000 in an account earning 7% interest compounded monthly. How many years will it take for your investment to grow to $100,000? SHOW YOUR WORK IN STEPS. (Round your answer to the nearest tenth of a year.)

Picture Tools Format O Tell me what you want to do... Exercise 10. Loan Payments A student loan of $50,000 at a fixed APR of 6% for 20 years (10a) Calculate the monthly payment P x APR РMТ (-nY)1 1+ APR (10b) Determine the total amount paid over the term of the loan.

ll.6   Please make sure to Data Analytics Project #3 completed before answering this question. Click on the "Loan" worksheet. The annual payment on the loan worksheet should be $14,168.37 per year and the monthly payment should be$1,169.67 per month. Which of the following statements is TRUE if we change the down payment to zero and APR (annual percentage rate) to 6.00%? O Both the annual payment and monthly payment will decrease. The annual payment will stay the same and the monthly payment will increase. O The annual payment will increase but the monthly payment will decrease. O Both the annual payment and monthly payment will both increase.

es of Finance | ZSpring20 spring21 Time left 1:25:4 If for the next 30 years you place OMR 3,610 in equal annual year-end-deposits into an account earning 11% per year, how much money will be in the account at the end of that time period? O a. OMR 797,496.56 O b. OMR 553,408.61 Oc OMR 34,836.90 Od. OMR 718,465.37 Oe OMR 31,384.59 CLEAR MY CHOICE NEXT PAGE CONTACT US P Type here to search %23 ort sc delete 8 - backspac G C V pause alt ctri

A 25 Q Search Saud borrowed $90,000 now. He will pay off the loan with 10 equal quarterly payments. The first payment will be on end of quarter 2. The interest rate is 12% compounded quarterly. What is the amount of the quarter payments? Answers: $ 15, 928.60 $ 11,193.29 $ 10,550.75 $ 12,001.63 NPOG 5292 28 MacBook Air

Intro You decided to save $1,400 every year, starting one year from now, in a savings account that pays an annual interest rate of 5%. Part 1 74440 How many years will it take until you have $100,000 in the account? 1+ decimals Submit

Part 1  Jane Doe plans to make eleven​ end-of-month payments of​$16,000each on a short term investment account. The account earns a monthly interest rate of 3​%.a. What is the present worth​ (i.e.,P0​)of these​ payments? b. Repeat Part​ (a) but assuming that they are ​beginning-of-month payments.   a. The present equivalent of the payments is $   ​(Round to the nearest​ dollar.)   b. The present equivalent of the payments is $. ( Round to the nearest dollar )

un.4 How much will you have to deposit into an account at the beginning of every 3 months for 20 years if you want to have a balance of $100 000 and interest is 8% compounded quarterly?   a $506 b $516 c $524 d $520

Question content area top Part 1 ​(Comprehensive problem)  You would like to have ​$   60,000 in   14 years.  To accumulate this​ amount, you plan to deposit an equal sum in the bank each year that will earn   6 percent interest compounded annually.  Your first payment will be made at the end of the year.   a.  How much must you deposit annually to accumulate this​ amount? b.  If you decide to make a large​ lump-sum deposit today instead of the annual​ deposits, how large should this​ lump-sum deposit​ be? ​ (Assume you can earn   6 percent on this​ deposit.) c.  At the end of five​ years, you will receive ​$   10,000 and deposit this in the bank toward your goal of ​$   60,000 at the end of year   14.  In addition to the​ lump-sum deposit, how much must you deposit in equal annual​ amounts, beginning in year 1 to reach your​ goal? ​ (Again, assume you can earn   6 percent on your​ deposits.)           Question content area bottom Part 1 a.  How much must you deposit annually to…

Question content area top Part 1 ​(Comprehensive problem)  You would like to have ​$57,000 in 14 years. To accumulate this​ amount, you plan to deposit an equal sum in the bank each year that will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year.   a.  How much must you deposit annually to accumulate this​ amount? b.  If you decide to make a large​ lump-sum deposit today instead of the annual​ deposits, how large should this​ lump-sum deposit​ be? ​ (Assume you can earn 6 percent on this​ deposit.) c.  At the end of five​ years, you will receive ​$15,000 and deposit this in the bank toward your goal of ​$57,000 at the end of year 14. In addition to the​ lump-sum deposit, how much must you deposit in equal annual​ amounts, beginning in year 1 to reach your​ goal? ​ (Again, assume you can earn 6 percent on your​ deposits.)       Question content area bottom Part 1 a.  How much must you deposit annually to accumulate this​ amount?…

Problem 06.027 AW of a Permanent Investment How much must you deposit each year into your retirement account starting now and continuing through year 12 If you want to be able to withdraw $75,000 per year forever, beginning 34 years from now? Assume the account earns Interest at 9% per year. The amount to be deposited is determined to be $ 5242.86

QUESTION 14 You have taken a loan of $300,000 over 12 years at a 6% interest rate compounded monthly, which is reimbursed with monthly payments. What is the principal portion of the 61st payment? O1,925.55 1,933.14 O654.56 449.86

Ch 05- Video Lesson - Time Value of Money Suppose Alex receives a $28,000.00 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 3% compounded annually. Use the formula for the present value of an ordinary annuity to find this payment amount: PVAN = PMT = PMT X PVAN X (1+) N I In this case, PVAN equals (1+ŋ)N is , I equals Using the formula for the present value of an ordinary annuity, the annual payment amount for this loan is and N equals Because this payment is fixed over time, enter this annual payment amount in the "Payment" column of the following table for all three years. The interest paid in year 1 is Each payment consists of two parts-interest and repayment of principal. You can calculate the interest in year 1 by multiplying the loan balance at the beginning of the year (PVAN) by the interest rate (I). The repayment of principal is equal to the payment (PMT) minus the interest charge for the year: Enter the values for interest…

QUESTION 9 Norbert Chapa is saving for retirement by putting away $6,090.00 every day for 6 years. How much is this investment worth at the end of 6 years if payments begin today" Assume an interest rate of 1.00%. Oa. $35,295.42 b. $12,945,053.24 Oc. $13,745,519.33 O d. $37,466.80

Question 15 What is the present value of your investment if you deposited $100.00 into your bank account at the beginning of each quarter for 10 years if the bank pays interest is 6% compounded semi-annually? a. $2,854.90 b. $3,036.46 c. $1,628.23 d. $3042.28 e. $900.17

uestion 5 When you start your career, you decide to set aside $600 every month to deposit into an investment account. The investment firm daims that historically their accounts have earned an annual interest rate of 11.0% compounded monthly. Assuming this to be true, how much money will your account be worth after 25 years of depositing and investing? Round your answer to the nearest cent. Do not include labels or units. Just eriter the numerical value

Question 1 If the interest payments are done semi-annually, what is the initial investment to be so that 6 years later the amount will be TL84.000? Interest rate is 26% pa. Your answer: 3,621 O 19,379 22,992 25,347 50,694

< CO T R E # 3 Problem Set 1: Finance Progr Score: 19.8/50 8/20 answered Question 15 You want to be able to withdraw $35,000 from your account each year for 25 years after you retire. You expect to retire in 15 years. If your account earns 6% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? 24 Question Help: D Video Submit Question MacBook Air 08 F3 DD F2 F4 F5 F8 & $ 2 5. M

A K w an example Get more help. % Part 1 of 3 You are considering two ways of financing a spring break vacation. You could put it on your credit card, at 15% APR, compounded monthly, or borrow the money from your parents, who want an interest payment of 7% every six months. Which is the lower rate? (Note: Be careful not to round any intermediate steps less than six decimal places.) The effective annual rate for your credit card is 5 Search or enter website name 6 MacBook Pro Y & * BAAAABB 8 9 7 %. (Round to two decimal places.) Clear all U Save 0 Check answer XE Incorrec DADOS { I +