After graduating with a masters degree, Gwen combined all of her student loans into a single loan of $21,000 with an interest rate of 5.2% compounded quarterly. If she is planning to pay off the loan in 11 years what will her quarterly payment be?

Jessica wants to accumulate $13,000 by the end of 6 years in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the 6-year period. If the bank pays interest at the rate of 5% per year compounded monthly, how much does she have to deposit each month into her account? (Round your answer to the nearest cent.)

Lourdes has just retired and plans to consume $12829 from the retirement account every year for the next 14 years starting one year from today, meeting the rest of the expenses from other resources. If the annual interest rate is 9% compounded bimonthly, how much does Lourdes have in the retirement account today? Send handwritten solutions

Jimmy takes up a $50,000 loan from a bank and plans to repay the bank each month over the next 5 years, what is the yearly payment if the interest rate is 3% per annum?

Derrick recently graduated. He owes $17,525 in student loans with APR of 4.6% compounded monthly. He is expected to pay off his loan in 15 years. Round answer to two decimal points a. Under the current terms of his loan what is Derricks minimum payment? b. What is the total amount Derrick will pay when the loan is complete? c. How much will Derrick pay in interest? d. Derrick wants to pay more than the required monthly amount for his loan. Assuming the same conditions of the original student loan what would Derrick new monthly payment would be if he pay off loan in 10 years e. What is the total amount Derrick will pay if they pay off the loan in 10 years? f. With the 10 year loan how much will Derrick pay in interest?

After graduating with a master's degree, Jasmine combined all of her student loans into a single loan of $19,000.00 with an interest rate of 3.2% compounded quarterly. If she is planning to pay off the loan in 8 years, what will her quarterly payment be?The quarterly payment would be $. (Round to 2 decimal places.

Gregory's investment manager offers her an interest rate of 9.00% compounded monthly on her investments. How much more money would she have to deposit at the end of every month for her fund to accumulate to $599,000.00 in 12 years if the interest rate was 9.00% compounded annually?

Emma bought a $360,000.00 house, paying 10% down, and financing the rest at 2% interest for 20 years. A. What is the monthly payment? Emma has a payment of __?__a month. How much interest will be paid over the life of the loan? Emma will pay __?__ in interest over the life of the loan.

Lina borrowed 5000 at 8% compunded monthly.  She must begin to repay it at the end of this month and every month for 3 years.  How much will her monthly payments be?

Jane wants to borrow $100,000 from the bank for up to 3 years at an APR of 8.5% with interest compounded monthly.If Jane borrows$100,000 for 1 year, how much interest will she have paid and what is the bank’s APY?