5. An employee borrowed P200,000 with 16% interest compounded semi-annually promised to pay every 6 months for 10 years starting today. What amount should he pay every 6 months?

Another client at ZBX Fin Planning currently has $95,000 in their retirement account that is expected to earn 10.56% APR compounded monthly.  In addition, the client will continue to deposit $950 per month into the same account, with next deposit one-month from today.  Given the above current balance and deposit plan, how much will the client have in 9 years? Enter answer in dollars, rounded to nearest dollar.

You loan a friend $200 and are repaid $120 at the end of the first month and $30 at the end of each month for the next three months.  What is your rate of return?

CZ Enterprises borrows $202,775 at an interest rate of 10% today and will repay this amount by making 10 semiannual payments. Payments begin in six months. What is the amount of the payments that CZ will need to make? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.) CZ will need to make payments of $ 26,260.31.

Suppose you deposit $3600 to open an account that earns 6% interest compounded monthly. You are trying to save money and find that you are able to put away an additional $50 each month. Write a recursive formula to show the amount of money you will have in the account at the end of each month.

How much would you need to deposit in an account each month in order to have $20,000 in the account in 9 years? Assume the account earns 6% interest. Submit Question .com/course/showcalendar.php?cid=179278 Q Search