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- you berow S1000.00 on May 1, 2018, t 12% compounded ami aty, nd verest on the loan amou , wat de e The due dale i (Round down to the nearest day)) Giunn testa pot calplon diagrads =5%% compounded anmually the interest Rete l00 1,714.75 1,505 2,000 4 Find the 4) what i premut Worth OF guivelont annuity por the şradirnt ? the yrarsLOan' âmortization sinedule for the First Use pmt-PlE) un todetermine +he reavor payment am 1. 000 Of a home is finnnced with a$130,0 668304ear fiked-rate mortgage a the monthiy payments cnd totalintrest for 20an prepare a Loan' åmortization sineduse for the First e at " B. three montths of the mortgage. 1.hhat is the minthiy payment. (round to nearest cent 'as needed) 2. 2. The total intrest for the Loan is 2 Round to nearestcent as needed. Fill out Loan amortization Schedule for first three months. payment Numberintrest Principal Loan Balance (3.
- 9:52 O - CamScanner 04-22... Dsignment, -pay 20,000 Land if in If have is jea yate bank so interst is much How that 15 years? enplain he to 20 000 with in hel po 9 formule? Hhe Scawed ve CantaA man Jeposh ts atty so00 eney year fr なもけん500o AR 13 and 21to a కంంల అభ every yer fr and 21into a 8.13 30yearser 30yeareaeft a Saming pers ard stermine account acount o to abank which 4 7ro sems cannually. Detesm interest rate the tAel amount he aould houce acumultes at the end 4 the 30yss. that is The present vale this amoint.1. Based on the information, determine the value of each "? " in the following table Loan principal = &10,000 Interest rate 6% / yr Duration of loan = 3 yrs 66 66 %3D EOY Interest Paid Principal Payment 1 $600 ? 2 $411.54 $3,329.46 3 ? ?
- 1 qU GM Smox3-ESOS Bah2-21 14 a leinen Tu 2. The following three instruments elmoneloped 9. COUS pyes show do Meldora dosa 701 to any how dun an word? to doiss have the same present value as of time 0: i 21nioq SI rrow al anoitegup jeniors A 4-year annuity immediate that pays 100 at the end of each month. The nominal interest rate is 8.4% compounded quarterly. MAN A 10-year annuity immediate that pays X at the end of each year. The nominal JE od interest rate is 8.4% compounded semi-annually.ini wont dess Ils esbuloni :ISOS A perpetuity that pays X (same value of X) at the end of every third year (i.e. at times 3, 6, 9, 12...). The annual effective rate is j%. 9160 so orb of reing OOS,I 002,1 001,I Calculate j. 00S ISOS 18 dorsM ISOS.0E anul ISUS,06 196meiqu2A. Find the missing value, Show your solution. Simple interest 8. P = $ 3,950 ; i = 6 ¾ % ; N = 3 yrs and 1 mon.Thamas in plaringto withdrw S0o00 troma savings account at the and of aach quarter for fve yeasthe peymerts are defome to s years and intrest53 compoune now v theeving ccunt Thomas mut invet o the savinge account now Raund he fal arower to the neaest cent as needed. Round all termedate values to six decimal places as needed) thomas is planing to withdraw $6000 from savings account at the end of each quarter for five years. if the payments are deferred for six years and interest is 5.38% compounded semi-annually, what amount has to be invested now into the savings account?
- a) You take out a 14-week, 3800 loan at l% Simple annoal intus). MHOW much Mancy will you Cthire are 52 weas in a yca) have to poy back n tokal afto 14-uecks? Round to the ncarest cent: FV= b) Suppoe the kander also Chages you a b500 Fee on top of the interesth If you think of the fe as additional ntorsrc what is the actual neest ratcen you will pay after Kt wecks? Cround to three Jecimul placeProblem =at: Two accountr 9ach began with s deposit of $10.000 . Bosh accountr have rates of 6,5% , bur one account compounds intereat once a year while the bthes wccount compounds intereit concinususty. Make a table that ahowz the amount in each account and the interest earred after one year five years ten jears, and 20 yearz. Round ALL Values is the nearest Dodar ANO DO NoT incluet Doliarsignt?P5-20 Present value of an annuity Consider the following cases. 101 gardens, annom olgnie to anoeinsamos oulny omil wolls lliw vasqmos mwon-llow .ae ei 1200 yiu Case A B invoma algnie C D E assy 05 to bas 10 000,0312 00,Esethtow Vo(2) An annuity due. 000, ES2 ale od to no sola Annuity paymentzoll Interest rate or Annuity length (years) £30,000 8% 3 24,000 15 8,000 20 160,000 8 72,000 10 12 a. Calculate the present value of the annuity, assuming that it is (1) An ordinary annuity. Ysbouley b. Compare your findings in parts a(1) and a(2). All else being identical, which type of annuity is preferable-ordinary or annuity due? Explain why. 12 5 9