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- A property was purchased for $7876.00 down and payments of $983.00 at the end of every month for 6 years. Interest is 12% per annum compounded semi-annually What was the purchase price of the property? How much is the cost of financing? GOOD The purchase price of the property was s (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.) 4不 A property was purchased for $9198.00 down and payments of 5000 00 at the end of every three months for 4 years interest is 11% per annum compounded semi-annualy What was the purchase price of th property? How much is the cost of financing? The purchase price of the property was s (Round the final answer to the nearest cent as needed. Round al intermediate values to six decimal places as needed)A property was purchased for $3861.00 down and payments of $1170.00 at the end of every six months for 4 years. Interest is 11% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing?
- 1) A certain property was offered on an instalment basis wherein the buyer needs to pay 15% of the cash price as down payment and remaining balance be paid by a beginning of a quarter payments for a period of 5 years. First quarterly payment amounts to P 175,000 and happens six months after purchased. Quarterly payments increases an amount of P1, 200 every quarter thereof until the last payment with an interest rate of 8% effective. a) What was the cash price of the said property? b) What equivalent equal-end of a monthly payments would the remaining balance be for just a period of four years, assuming the first monthly payment happens after a year of purchased? c) Find the sum of all of the payments.A vacation property was bought by making semi-annual payments of S7500.00 for seven years. If the first payment is due on the date of purchase and interest is 6% p.a. compounded quarterly, calculate the purchase price of the property.A property was purchased for $6568.00 down and payments of $1297.00 at the end of every year for 6 years. Interest is 8% per annum compounded monthly. What was the purchase price of the property? How much is the cost of financing?
- A property was purchased for $5000.00 down and payments of $2500 at the end of every six month for six years. Interest is 6% compoundded monthly. How much is the cost of financing? a $4201.67 b 3620.11 c $6927.06 d $5170.98Ida is purchasing property worth $890,000 with a down payment of $284,800 and quarterly payments at the end of every three months for 30 years. If the interest rate of 2.67% compounded monthly for the 30 years: (a) What is the amount of each payment? Round the answer to the nearest cent. P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ (b) What is the cost of financing? Round the answer to the nearest cent. Cost of financing = $ (enter a positive value)A property will provide $12,870 at the end of each year forever. If its value is $132,000, what must be the discount rate? (Enter your answer as a percent rounded to 2 decimal places.)
- A buyer has a 30 year 7.5% loan for 90% of the appraised value on property that appraised for $140,000 , but also sold $150,000. what is the interest portion of the first payment?? a.$787.50 b.$843.75 c$875.00 d.$1,068.75A property was purchased for $7060.00 down and payments of $1451.00 at the end of every year for 3 years Interest is 5% per annum compounded semi-annually What was the purchase price of the property? How much is the cost of financing? CID Trent has opened an RRSP account by making an initial deposit of $1000 He intends to make annual deposits for 19 years increasing at a constant rate of 2% How much of the accumulated value just after the last deposit was made is interest if interest is 8 5% compounded annually? The amount of interest included in the accumulated value is $ (Round the final answer to the nearest cent as needed Round all intermediate values in six decimal nlaces as needed i Satwinder deposited $145 at the end of each month for fifteen years at 7 5% compounded monthly. After her last deposit she converted the balance into an ordinary annuity paying $1200 every three months for twelve years. If interest on the annuity is compounded semi-annually what is the nominal rate of…Determine the amount of the periodic payments needed To pay off the following purchases. Payments are made at the end of the period. Purchase of an equipment for P1,205. Monthly payments are to made for 1 year with interest at 24% per annum, compounded monthly. Purchase of a machine for P26,565. Quarterly payments are to be made for 4 years with interest at 8% per annum, compounded quarterly. 3. Purchase of equipment for P65,500. Semi-annual payments are to be made for 10 years with interest at 10% per annum, compounded semi-annually. Please show the step by step solution
