An award is being established, and it will pay $9,200 every four years, with the first installment being paid in four years. The award will be given for an indefinitely long period of time. If the interest rate is 4% per annum, what lump-sum amount of money (invested now) will be required to endow this award forever? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 4% per year. The lump-sum amount of money required to endow this award forever is $. (Round to the nearest dollar.)

A new roof will cost $15,000. It will be installed in 11 years. If the interest rate is 7% per year, how much must be saved each year to accumulate $15,000 after 11 years? Click the icon to view the interest and annuity table for discrete compounding when i= 7% per year. If the interest rate is 7% per year, the amount to be saved annually is $ ง (Round to the nearest dollar.)

You plan to deposit $300 at the end of every year for 12 years starting at the end of year 1. Then after leaving the money in the account for several years, you plan to withdraw everything 15 years from today. How much is available to withdraw at the end of year 15 if the account pays 8% interest annually?

You borrow $20,000 to purchase a car and will repay the loan in uniform monthly payments for the next 48 months. The first payment is due one month after the purchase of the car. If the interest rate is 1% per month, determine the amount of your monthly car payment. Assuming you make each payment as scheduled, how much total interest will you pay over the four-year period?

Leon and Heidi decided to invest $3,250 annually for only the first seven years of their marriage. The first payment was made at age 25. If the annual interest rate is 9%, how much accumulated interest and principal will they have at age 65? Click the icon to view the interest and annuity table for discrete compounding when i = 9% per year. The accumulated interest and principal will equal $ N 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 (Round to the nearest dollar.) Single Payment Compound Amount Factor To Find F Given P F/P 1.0900 1.1881 1.2950 1.4116 1.5386 1.6771 1.8280 1.9926 2.1719 2.3674 2.5804 2.8127 3.0658 3.3417 3.6425 Discrete Compounding; i = 9% 3.9703 4.3276 4.7171 5.1417 5.6044 6.1088 6.6586 7.2579 7.9111 8.6231 13.2677 20.4140 31.4094 48.3273 74.3575 Present Worth Factor To Find P Given F P/F 0.9174 0.8417 0.7722 0.7084 0.6499 0.5963 0.5470 0.5019 0.4604 0.4224 0.3875 0.3555 0.3262 0.2992 0.2745 0.2519 0.2311 0.2120 0.1945 0.1784…

Ann Marie is 28 years old and just received an inheritance from her parents. She wants to find out how much money she should invest today such that she can have USD 5,000 at the end of every month for 15 years when she retires at age 60. If she can earn 9% compounded annually until age 60 and then 5% compounded annually when the fund is paying out, how much money must Ann Marie invest?

Fill in the table below when P= $10,000, S= $2,000 (at the end of four years), and i= 15% per year. What is the equivalent uniform CR? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 15per year. Complete the accompanying table. (Round to the nearest dollar.) Opportunity Cost of Interest (i=15%) $ Year Investment at Beginning of Year $10,000 Loss in Value of Asset During Year $3,000 Capital Recovery Amount for Year

If the sum of Php 15,000 is deposited in an account earning interest at the rate of 12% compounded semiannually, what will it become at the end of 5 years? (Answer is in Php.)

What principal will amount to $2500 if invested at 5% interest compounded semiannually for 7.5  years?

Leon and Heidi decided to invest ​$3,000 annually for only the first seven years of their marriage. The first payment was made at age 20. If the annual interest rate is 9​%, how much accumulated interest and principal will they have at age 65​?   Click the icon to view the interest and annuity table for discrete compounding when i=9​% per year.       Question content area bottom Part 1 The accumulated interest and principal will equal   ​(Round to the nearest​ dollar.)