1) The force of interest is given by 8 = 0.014. Compute the following values = 数字 5- 5 5 = 数字 Enter an answer correct to 6 decimal places. 2) You are paid £1 a day for 5 years. The interest rate is 8%. Model the daily payments as an annuity paid continuously and compute the accumulated value of this annuity. £ 数字 Enter an answer correct to 2 decimal places.

If you were to borrow $9,100 over five years at 0.13 compounded monthly, what would be your monthly payment? Round to two decimal places. check_circle Expert Answer thumb_up   thumb_down Step 1 Annuity - Annuity means the amount of series of payments based on fixed intervals periods. The formula used to calculate annuity is = Amount*PAVF(R, N) where PAVF = Present value annuity factor, R = Interest rate , N= no of periods     Step 2 In the given question we have,  Amount borrowed = $9,100 Interest rate = 0.13% compounded monthly N = no.of periods = 5*12 = 60 periods Let the monthly payment be =x x,PVAF(0.13%,60) = $9,100 X*PVAF(1+0.0013)60 = $9,100 X*61.4396868 = $9,100 how is this calculated?  I don't get this number. X = $9,100/61.4396868  X = $ 148.11 monthly payment = $148.11

Assume an effective compound interest rate i = 8% per annum. Compute the following equivalent rates. In each case, enter your answer as a percentage. a) The nominal interest rate payable semi-annually 数字 Enter an answer correct to 4 decimal places. % b) The effective interest rate payable quarterly 数字 Enter an answer correct to 2 decimal places. % c) The effective rate of discount per annum 数字 Enter an answer correct to 2 decimal places. % d) The nominal rate of discount payable monthly 数字 Enter an answer correct to 4 decimal places. %

Use a calculator to evaluate an ordinary annuity formula nt (1+ )" - 1 for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 6%; 11 yr A = $

Use the following time value of money tables for Questions 1-4. Round answers to the nearest dollar. (The annual interest rate for all problems is 6%.)   n = 3; i = 6% n = 6; i = 3% Future value of 1 1.19102 1.19405 Present value of 1 .83962 .83748 Future value of an annuity 3.18360 6.46841 Present value of an annuity 2.67301 5.41719 Redlands Inc. deposited $3,000 into a savings account on January 1, 2020. The account earns annual interest. The amount in the savings account on December 31, 2022 is $Answer.

Use a calculator to evaluate an ordinary annuity formula A = m     1 +  r n   nt    − 1 r n   for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 5%; 12 yr A = $

Use the following time value of money tables for Questions 1-4. Round answers to the nearest dollar. (The annual interest rate for all problems is 6%.)   n = 3; i = 6% n = 6; i = 3% Future value of 1 1.19102 1.19405 Present value of 1 .83962 .83748 Future value of an annuity 3.18360 6.46841 Present value of an annuity 2.67301 5.41719 Redlands Inc. makes semiannual deposits of $2,000 each June 30 and December 31 each year, beginning in 2020. The amount of money Redlands will have on December 31, 2022 immediately after the sixth and final deposit is $

Use the following time value of money tables for Questions 1-4. Round answers to the nearest dollar. (The annual interest rate for all problems is 6%.)   n = 3; i = 6% n = 6; i = 3% Future value of 1 1.19102 1.19405 Present value of 1 .83962 .83748 Future value of an annuity 3.18360 6.46841 Present value of an annuity 2.67301 5.41719 Redlands Inc. wishes to make a series of $1,000 cash withdrawals semiannually, beginning on June 30, 2020. Redlands plans to make its sixth and final withdrawal on December 31, 2022. The amount of money Redlands must place into a savings account to meet this objective on January 1, 2020 is $

Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $1000 into an ordinary annuity. At the end of 5 years, the amount in the annuity is $ l5764.52. What annual nominal compounding rate has this annuity earned? Type the interest rate % (round to 2 decimal places)

Calculate the simple interest rate. (Round your answer to one decimal place.)P = $2600, I = $78, t = 8 months