Account: offers 10% annual compound interest for 20 years Lowest amount money that needs to be deposit, to withdraw 50,000 at the end of each year for 20 years

Q: Five years ago, you entered into a loan agreement to borrow $100,000.  The loan was to be paid off…

A: We need to use loan amortization formula below to calculate monthly payment.whereP=Loann=number of…

Q: a fully amortized loan is made for $1,00,000 at 6% for 30 years calculate total amount of interest…

A: The amortization schedule gives information to the borrower and lender about the payment due and the…

Q: A P150,000 Loan bears an interest of 10% compounded quarterly. To be repaid thru installments at the…

A: Annuity due can be defined as a series of equal payments at equal intervals of time, with the…

Q: Auto loan requiers payment of 300 Rials at the end of each interval for 3 years at nominal annual…

A: Hi, please note that there is a typo in the question and the present value of the loan should be…

Q: Interest on a ten-year loan of 10,000 loan is at an annual effective interest rate of i. The sinking…

A: A sinking fund is a fund created by an organization for payment of any future liability which is…

Q: 2. A home loan package offers a fixed 2.4% p.a. compounded monthly for the first 5 years, and after…

A: Interest rate compounded monthly for first 5 years is 2.4% Interest rate compounded monthly after…

Q: Periodic deposit-$? at the end of the year Rate-5% compounded annually Time-19 years Financial…

A: Financial goal The goals that an individual or business sets when dealing with money are called…

Q: FIND WHICH ACCOUNT IS PAYING YOU THE MOST AT THE END OF 5 YEARS IF YOU DEPOSIT 30,000 TODAY   6%…

A: CASE I       YEAR PRINCIPAL INTEREST@6%PER ANNUM YEAR END AMOUNT 1 30000.00 1800.00 31800.00 2…

Q: What minimum amount of money earning 8.5% compounded semiannually will sustain withdrawals of $2,700…

A: The current balance of an account is equal to the present value of all the future cash flows in the…

Q: Acar loan of $18,290 is to be repaid by equal monthly payments for three years. The interest rate is…

A: Lets understand the basics. When asset is purchased on loan then asset is needed to record at cost.…

Q: How much money should be deposited at age 15 in order to withdraw $35000 at the end of each year for…

A: Yearly withdrawal refers to an amount that can be withdrawn every year from the savings account that…

Q: £10,000 loan at 6% simple interest. The entire loan is to be repaid in one lump sum after five…

A: The formula to determine the annual interest amount is as follows: Interest = Loan Amount * interest…

Q: Calculate the amount major of interest total of a year for a bill of saving a term open, with an…

A: There are the following information given below: Amount major and interest =?

Q: Deposits of ​$92.00 are made at the end of every quarter for 3 years. What will the deposits amount…

A: Quarterly interest rate =  Annual rate Frequency of compounding in a year = 0.054 = 0.0125 Number of…

Q: Calculate the effective annual rate on each of the following loans: a. A $5,000 loan for two years,…

A: Interest refers to the cost of money borrowed from a lender. It can be simple or compound. It is…

Q: 1.1. Find the annuity and interest Periodic Deposit- $2000 at the end of every three months…

A: Two different unrelated problems appear on the screen. Though they are different otherwise, the…

Q: 19. An investment of P300 is made at the beginning of each month for 4 years and 3 months. How much…

A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity is…

Q: $20,000 loan is being repaid by installments of $400 at the end of each month for as long as…

A: Amortization schedule is a table in which period payment or installment paid and the amount of loan…

Q: Amortization with Equal Payments Prepare an amortization schedule for a five-year loan of $71,500.…

A: Working note:

Q: -A debt requires payments of $750 at the end of every three months for 8 years. Calculate the…

A: Interest charged on Debt: Interest is applied to practically all debts, and additional costs are…

Q: periodic deposit at the end of each month if financial goal is 1,000,000 at 6 25% rate compounded…

A: Future value =1,000,000 Rate =6.25% Monthly rate = 0.0625/12 =0.52% Time =40 years So, monthly…

Q: Calculate the effective annual rate on each of the following loans: 1. $5,000 loan for 2 years,…

A: Effective interest rate refers to the real return that an individual or company earns on a saving…

Q: An amount of $50,000 is borrowed for 11 years at 4.75% interest, compounded annually. If the loan is…

A: TVM refers to the implied ability of money to earn interest because money earned at an earlier date…

Q: Periodic deposit " ? At the end of every three months." rate: 5.5% compounded quarterly time: 4…

A:

Q: what amount must be deposited today in order to make quaterly withdrawals of 300 for 15 years where…

A: The quarterly withdrawals are in the form of annuity and the amount that needs to be deposited today…

Q: Table 1-1 details three different loan repayment plans described below. Each plan repays a $6,000…

A: Loan Amount = $6,000 Time Period = 6 Years  Interest Rate = 10%

Q: Find the semi-annual payment at the end of every six months, the first payment is due at the end of…

A: Compound Interest: It is the interest on a loan or deposit  that is calculated based on both the…

Q: $ 5000 is deposited in an account that earns 6% compounded continuously for 2 years. If this amount…

A: Using excel FV function

Q: loan amount = 10,000$ periods= 5 years interest is 5% and it increases each month by 0.125% find…

A: Interest Expense: The cost of debt which is occurred during a particular period of time is called…

Q: w much money should be deposited at age 5 in order to withdraw $50000 at the end of each year for 16…

A: Effective interest rate is the interest rate after considering impact of compounding on the interest…

Q: Contractual loan amount 60,000 origination fees of 3% Time period for loan is 5 years and and…

A: Given:   Contractual loan amount 60,000 and origination fees of 3% Time period for loan is 5 years…

Q: Loans An interest-free loan of $15,000 requiresmonthly payments of 8% of the unpaid balance.What is…

A: Introduction Unpaid Balance:  This Balance refers to the balance which stands due on that particular…

Q: Find the amount necessary to fund the given withdrawals. Semiannual withdrawals of $550 for 4 years;…

A: Present value refers to the money present today being more valuable than the amount that will…

Q: find the outstanding balance at the end of 2 years.

A: Loan is the amount borrowed bank in exchange for principal and interest to be paid either at the end…

Q: A depreciation fund for machinery replacement must contain P2,000,000.00 at the end of 5 years. If…

A: Future value (FV) = P 2,000,000 Period = 5 Years Number of quarterly payments (N) =5*4 = 20 Annual…

Q: You want to receive ​$275 at the end of every three months for 5 years. Interest is 5.7% compounded…

A: Present value refers to the current value of an asset present at some future date. It is helpful…

Q: Consider a student loan of $18,000 with an APR of 6.2% for 7 Years with monthly compounding and…

A: Monthly effective interest rate = APR/12 = 0.062/12 = 0.005167 Total Term of Loan = 7*12 = 84 months…