Determine if asset, liability, cash inflow or outflow: *weekly paycheck *alimony from your ex

Q: 2. When interest us credited the instant it is earned is to be referred to as. :  a) simple…

A: Introduction:- An amount gained or earned by a company on its interest relating to bank accounts or…

Q: On Your understanding please Differentiate Deferred Annuity and Period of Deferral.

A: Deferred Annunity:- A deferred annuity is an agreement with an insurance agency that vows to pay the…

Q: Calculate the value of the tenant's interest based upon a return of j, = 8%. Round your answer to…

A: Interest rate = 8% Monthly rate = 8%/12 = 0.6666667 Period = 15 years or 180 months Value of tenants…

Q: Below the figure indicate the following amount: A. Cash Price B. Installment Scheme (Show the…

A: Required: A: Cash Price B: Installment Scheme i) Amount of down payment ii) Amount of monthly…

Q: How do banks calculate the monthly payment on a loan?

A: Present value annuity formula is used to calculate the monthly payment on a loan. Here, The loan…

Q: Question 1 Saved An annuity with periodic payments made at the end of each payment period is called…

A: Annuity refers to a contract that is made between the insurer and the insurance company in which a…

Q: Find the future value of an ordinary annuity if payments are and how much is from interest R-9,300;…

A: Compound = semiannually =2 Payment = p = 9300 Interest rate = r = 4 / 2 = 2% Time = t = 4 * 2 = 8

Q: COMPARE THE ACCUMULATED AMOUNT TO ITEM 1 IF THE SAME INTEREST WAS COMPOUNDED DAILY USING THE SAME…

A: Lets understand the basics. Compounded interest is a interest on the interest and principle…

Q: Determine whether the scenario below represents an annuity. In at least one complete sentence,…

A: Annuity is fixed amount of money paid at a regular interval. The amount given in the question is not…

Q: Mortgage fees paid by the homeowner at, or prior to, closing on the purchase of a house typically…

A: There are various mortgage fees levied

Q: Give an example of a loan repayment plan.Show at least 3 payment entries including the end of period…

A: The funds acquired by the borrower is repaid either in lumpsum amount at a future date i.e. at the…

Q: Distinguish between the present value of $1 and the present value of an ordinary annuity of $1.

A:

Q: If the payments "A" are made twice a year and interest is compounded annually for "n" years, name…

A: Annuity refers to periodic payments made at regular intervals. The amounts paid are equal in size.

Q: An amount of R1200 received from a debtor in settlement of his account will result in

A: Accounts Receivable or Debtor: The amount of money that is owed to a company by its customers for…

Q: The ___________ method requires one to estimate annual retirement expenses when estimating required…

A: Lets understand the meaning of adjusted expense method. It is a method in which, There is first…

Q: diffrentiate between a regular annuity and growing annuity

A: Regular Annuity - This type of annuity generally means the Same Amount of annuity at a regular…

Q: Complete the following table showing effects of changes in retirement "risk variables" on periodic…

A: Retirement planning is the process of setting financial goals and creating a strategy to secure a…

Q: Annuity and annuity due vary in that one is paid in advance.

A: This quotation explains abut  Annuity and annuity due vary in that one is paid in advance.

Q: Give typing answer with explanation and conclusion    With this type of cash value life insurance…

A: Cash value life insurance policies offer a unique blend of life insurance coverage and a savings or…

Q: Suppose that Joseph, an existing customer of this product (with the arrangement specified above),…

A: The present value of money is the equivalent money that is equivalent to the future payments based…

Q: True or False? Please explain An annuity provides a stream of cash flows for a defined period of…

A: An annuity is a stream of cashflows over a certain period of time. There are two types of annuities:…

Q: 18. Of the following expenses, which one can be considered an annuity?   Question 18 options:…

A: An annuity is a fixed amount paid in every period for a fixed duration. The same amount is paid in…

Q: How to calculate monthly interest and apr

A: Wall unit cost = $2200 Down payment = $800 Monthly payment = $43.50 Period of loan = 48 months

Q: Do I take the monthly payment and add the interest then divide it to find the total payments? And do…

A: The monthly payments amount of $828.85 that has been computed here will be constant over the next 30…

Q: Under which circumstances would the time value of money become a factor that affects the transaction…

A: Answer:   Option 3.

Q: What is the double entry to record my payments to a rotating savings arrangement weekly? What is…

A: Double entry is one of the method of bookkeeping which states that each monetary transaction has…

Q: 17. Using the income multiplier estimation method, how much life insurance would you need if your…

A: Using the income multiplier method, you should have an insurance requirement of 10 times of your…

Q: Meghan purchases a retirement annuity that will pay her $1,000 at the end of every six months for…

A: Here, Annuity Payment for first nine years $   1,000.00Compounding period of first nine year…

Q: A mortgage is a common type of:   Question 2 options:   Payment   Perpetuity   Annuity   Future…

A: Loan is defined as an amount obtained by a person from a lender that requires the obligation of…

Q: hat happens to the interest if I pay more than my payment amount on a car or home loan? What happens…

A: The loans are paid by equal monthly payments that carry the payment for interest and payment for…

Q: Number of Payments or Years 5 20 26 340 Annual Interest Rate 9% 15% 2% 1.2% Present Value 0 0 0 0…

A: Future value of each of the annuity is calculated in excel using FV function

Q: Compound interest is interest on any past unpaid interest accrued to date. calculated by multiplying…

A: Solution: Compound interest is interest on the original principal plus any past unpaid accrued…

Q: Illustration the mortgage for future advances?

A: The question is based on the concept of mortgage or security used for line of credit for future…

Q: How much payment Z should he make on the exact time after the last regular payment has been made to…

A: We have to find the payment Z to be made on the exact time after the last regular payment has been…

Q: why

A: While retirement savings plans can help employees prepare for their future, it’s important to also…

Q: refers to receiving a set monthly payment for the rest of your life. O Certain Period Annuity O…

A: A formal agreement established between an individual and an insurance company enables the individual…

Q: semi-annual payment i

A: A fixed value periodic payment is called an Annuity. The question involves calculating the value of…

Q: Insurance: You are still not done allocating your paycheck. Assume that you pay annually 0.5% of…

A: It is an agreement between the insurance company and the policyholder where the policyholder pays…

Q: If you were given a choice of investing in an account that paid quarterly interest and one that paid…

A: Effective annual rate is the actual rate an investment generates after taking all the compounding…

Q: .When the customer provides a long-term, steady income stream to the provider this asserts the…

A: An annuity is a payment that is made on the regular basis with a fixed interval of time over the…