What is the amount of the quarterlydeposits A such that you will be able towithdraw the amounts shown in the cashflow diagram if the interest rate is 9%compounded quarterly? The amount ofthe quarterly deposits A should be $. (Round to the nearest dollar.)What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 9% compounded quarterly?0A9% Compounded quarterly$1,30011The amount of the quarterly deposits A should be S. (Round to the nearest dollar.)24(Deposit)Quarters67$3,0008Q2

The objective of the question is to find the amount of the quarterly deposits A that will allow for…

Answered: What is the amount of the quarterly…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If you borrow $4,000, what single payment must you make after 5 years to repay the principal and interest at 10%? Alternatively, what uniform annual payment would be required? 2. The interest rate charged on a small loan is 1.5% per month. What are the corresponding 'nominal' and 'effective' rates per annum? 3. Using the interest rate of 3% compounded annually, what is the amount that will be accumulated in a sinking fund at the end of 15 years if $200 is deposited in the fund at the beginning of each of the 15 years if $200 is deposited in the fund at the beginning of each of the 15 years?
What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 11% compounded quarterly? $2,700 11% Compounded quarterly $1,200 Quarters 0 1 2 3 4 5 6 7 8 3. A (Deposit) ... The amount of the quarterly deposits A should be S (Round to the nearest dollar.)
a. How much must be placed each month into a retirement account earning 3% compounded monthly if the value of the account is to reach $ 1,000,000 in 30 years? b. If the account continues to earn 3% after retirement, how much per year will the account earn?
a. How much will you have in an account after 25 years if you put $2000 per month in the account earns 9% compounded monthly? b. How much will you have after 25 years if you put $2000 per month in the account that instead earns 10% compounded monthly?
8. What is the nominal rate of interest compounded continuously for 10 years if the compound amount factor is 1.34986?
How long will it take GH¢2,000 to accumulate GH¢800 interest at 10% compounded quarterly?
A bank saving account offers 4% compounded on a quarterly basis. A customer deposit $200, in this type of account, at the start of each quarter starting with the first deposit on the first of January and the fourth deposit on the first of October. What is the total amount in his account at the end of the year?
1. Accumulate P 3,000 for 9 years at 6 percent interest compounded quarterly. How much is the compound interest earned? 2. Determine the nominal rate which if converted quarterly could be used instead of 12 percent compounded monthly. What is the corresponding effective rate?
How much must be deposited at the beginning of each year in an account that pays 5%, compounded annually, so that the account will contain $20,000 at the end of 7 years? (Round your answer to the nearest cent.)
Assuming an interest rate of 10% compounded annually, answer the following questions:(a) How much money can be loaned now if $20,000 is to be repaid at the end of five years?(b)How much money will be required in five years in order to repay a $15,000did loan borrow now?
Show complete solution without using excel What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 4 years and a quarterly payments $2,000 of the next 6 years if the interest rate is 8% compounded bimonthly? Answer to 2 decimal places.
11. Compute the effective interest rate per semi-annual Nominal rate = 13.1% compounded yearly 12. Compute the effective annual interest rate if the nominal rate is 12.7% compounded bi-monthly. 13. Compute for the effective quarter interest rate if nominal rate is 2.69% compounded semi-annual.

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