Question 5 "For the last 8 years, an engineer has saved $800 every 6 months for the repairs agreement. What is the equal amount after the last payment, If the interest rate 8% per year compounded quarterlyr O 24589 O 8550 15327 37265 54613 78355 110848 None of them
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- View Policies Current Attempt in Progress A machine is purchased by making payments of $ 20500 at the beginning of each of the next five years. The interest rate was 8%. The Future value of an ordinary annuity of 1 for five periods is 5.86660. The present value of an ordinary annuity of 1 for five periods is 3.99271. What was the cost of the machine? O $ 120265 O $81852 O $ 129887 O $ 88399 Save for Later Attempts: 0 of 1 used Submit AnswerQuestion 12 save this response. Common information: A loan is amortized by level payments made at the end of each quarter, for 25 years. The monthly rate is 1%. The principal in the 29th payment is 8370. Find OLB69 OA 1,115,185.53 OB. 1,101,108.22 OC. The correct answer is not shown here. O D. 1,430,370.34 OF. 1,301,108.22Accounting Question 4. Today is Mr. Wang's 30th birthday. He plans to retire on his 65th birthday. Assuming that Mr. Wang will deposit $20000 into the investment account at the beginning of each month from today, the account will earn an actual return of 4.9070208% every year in the first 15 years and 4.8% every year and interest every month in the next 20 years. The first contribution is paid today and the last contribution is paid one month before the day of retirement on your 65th birthday. a) Try to find an account balance on your 65th birthday b) Try to calculate total interest earned c) Try to calculate the total single interest d) Try to calculate compound interest
- 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 $ 5242.8655. Amortization with Equal Payments Prepare an amortization schedule for a three-year loan of $57,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much interest is paid in the third year? How much total interest is paid over the life of the loan? LO 3 56. Amortization with Equal Principal Payments Rework Problem 55 assuming that the loan agreement calls for a principal reduction of $19,000 every year instead of equal annual payments. LO 3QUESTION 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
- QUESTION 3 You have been told that you need $25,600 today in order to have $100,000 when you retire 35 years from now. What rate of interest was used in the present value computation? Assume interest is compounded annually. O A. 3.97 percent O C D. 4.53 percent B. 4.15 percent OC.4.29 percentIneed to answerthese questions can you help me out, Questions4,5 4- What is the current value of the following payment sets? A set with a base payment of $ 2000 in the first year, with a 5% annual increase to 10 years and an interest rate of 12% 5- How many years would it take for an investor to increase an initial investment of $3000 to $6939 if i) that investment were compounded annual at 15% per annum? (answer=6 years) ii) an investorto increase an initial investment of $1000 to $7400 if that investmentwere compounded annual at 10% per annum? an investorto increase an initial investment of $5000 to $302100 if i) that investment were compounded annual at 6% per annum? an investorto increase an initial investment of $200 to $2824 if iv) that investment were compounded annual at 12.2% per annum?step by step instructions please What is the present value of $11,000 to be received in two years if the interest rate is 5% p.a.? a. $10476 b. $10000 c. $21000 d. $9977
- Question Number 2: [CLO5, PLO3] A $10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total earned money over the 5 year period? A. A sum of $22,000 is invested in a savings account which pays interest at the rate of 7 percent per year compounded quarterly. If the amount is kept on deposit for 10 years, what will the compound amount equal? How much interest will be earned during the 10 Years. B. A Company wants to deposit $1,000,000 per year in an investment which earns interest of 10 percent per year. Assume the first deposit is made at the end of the current year and addidtional deposits at the end of each following year. a) To what sum will the investment grow at the time of the 10th deposit? b) How much interest will be earned. C. A person wants to generate four intallments of $1,000 in the following four years. How much money should be invested, if the interest rate is 10 percent per year.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 $5207How much more is a perpetuity paying $5000 at the end of year worth than an annuity paying the same annual amounts at the end of each year for 30 years? Assume an interest rate of 5%. a. $10,635.08 b. $21,976.29 c. $50,000.00 d. $23,137.74 8Miller's Hardware plans on saving $40,000, $50,000, and $58,000 at the end of each year for the next three years, respectively. How much will the firm have saved at the end of the three years if it can earn 6% by reinvesting its saving? a. $155,944.00 b. $169,004.13 c. $148,000.00 d. $148,078.15 9On the day you retire you have $500,000 saved. You expect to live another 30 years during which time you expect to earn 8% on your savings while inflation averages 3.5% annually. Assume you want to spend the same amount each year in real terms and die on the day you spend your last dime. What real amount will you be able to spend each year? a. $61,931.78 b. $79,211.09 c. $79,644.58 d. $30,695.77