COY NCF ($) -1,000 1 500 2 600 3 700 4 800

An amortization of a debt is in form of a gradient series. What is the equivalent present worth of the debt if interest is 5%? Determine also the future amount of amortization as well as the equivalent uniform periodic payment. Draw cash flow diagram if necessary.

5

Find the uniform annual amount that is equivalent to a uniform gradient series in which first year's payment is $500, the second year's payment is $600, the thirds year's payment is $700, and so on, and there are total of 20 payments. The annual 6. interest rate is 8%.

Do not use Ai

If a person deposit 5500$ in his saving account for 6 years at interest rate of 9%. How much money he will get after 6 years, calculate the value using compound interest formula. Select one: a. 9450$ b. 9248$ c. 9224$

Lee wills loaned Audrey $17300 to open her shop after 5 years Audrey will pay back Lee with 16% interest compounded quarterly. How much will Lee receive at the end of 5 years?

You purchase a car today using a loan of $19000 APR 6%. If your plan is to pay during 5 years with equal monthly payments: Instructions: • Use 4 digits in your calculations and reporting the answers. • Do not write commas or apostrophes. • Do not write $ (dollar sign) or any other symbol, just write the number. a) How much do you need to pay each month? (estimate each month 30 days) has USD per month b) How much did you really pay after the 5 years considering all monthly payments? USD

If you deposit $2,042 today in a savings account that pays 8% interest annually, how much would you have at the end of 5 years?

engg economics