A sum of $12,000 is borrowed for 160 days at an annual simple interest rate of 9%. Calculate the maturity value (in dollars). (Use 360 days in 1 year.)

Q: Suppose that a loan of $8500 is given at an interest rate of 7% compounded each year. Assume that no…

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Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: Find the payment made by the ordinary annuity with the given present value. $231,156; quarterly…

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Q: Mary wants to accumulate $42,000 in a fund with payments of $2,100 made at the end of every quarter.…

A: We know that the formula is A=P1+rnnt where A=total amount,P=initial principal amount,r=rate of…

Q: 2. Determine the present value of the annuity which provides a payment of $750 every t an interest…

A: Formula for the annuity is  PV=R1+in-1i We are given R=$750n=5×4=20 quartersi=3.25400 (since 1 year…

Q: Find the future value of an annuity due with an annual payment of ​$7,400 for two years at 9.2​%…

A: We will find out the required future value of annuity due.

Q: A sailboat costs $19,818. You pay 20% down and amortize the rest with equal monthly payments over a…

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Q: A company has borrowed $500,000. The loan is to be repaid in quarterly payments over 20 years.…

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Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

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Q: Mr. Geconcillo has a P50,000 loan with interest at 14% compounded monthly due 3 years starting…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT=…

A: Given that,,  compounded monthly for  years.The aim is to find the future value of the ordinary…

Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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Q: Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the…

A: find explanation below

Q: The present value of an annuity for ten years is $10000. find the quarterly payment or periodic…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

A:

Q: A sailboat costs 24195. You pay 15% down and amortize the rest with equal monthly payments over a…

A:

Q: Suppose you obtain a $5000 Treasury Note with a 3% annual rate, paid quarterly, with a maturity in 2…

A: See the attachment

Q: ind the presenr value of an annuity, where theelpavinents are $1520 per month over 6 years, at an…

A: By using formulaes for present value we solve the given problem as follows :

Q: Find the maturity value and amount of interest earned on a investment of $900 invested for 3 years…

A: We have direct formula for compound interest formula

Q: Find the future value of an annuity due with an annual payment of

A: We have to find the future value of an annuity.

Q: 3- Determine the amount borrowed if $133 is charged in interest after 2 years at 1.5% simple…

A: Use formula for simple interest

Q: calulate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

A: Calculate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

Q: Find the exact interest on a loan of $7500 at 13% annually made on July 17 and due November 30.…

A: Given that we need to find the interest on a loan for following interest rate and on time.

Q: Find the present value of an ordinary annuity with deposits of $6,258 each year for 8 years at 9.6%…

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Q: Find the future value of an annuity due with an annual payment of ​$8,600 for two years at 9.1​%…

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Q: If you have a loan of 140,000 at 9% per annum interest over 20 years and you have a monthly…

A: We have to find the how much is saved by increasing the payments.

Q: Month-end payments of $1,580 are made to settle a loan of $174,200 in 10 years. What is the…

A: Solution:- first calculate the total amount paid in 10 years

Q: Find the present value of the ordinary annuity. $170/month for 15 years at 4%/year compounded…

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