Eng'g economy: Mark has just retired and plans to consume $8,640 from the retirement account every year for the next 16 years starting one year from today, meeting the rest of the expenses from other resources. If the annual interest rate is 9.6%, how much does Mark have in the retirement account today?

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You agreed with a seller to pay Opel car of $32,000, as follows: you paid $20,000 as aninitial payment. The plan is to pay the price of the car plus the interest amount by the endof the 10th year. At the end of the third year, you managed to pay $2,000. Find theamount of money that the seller will receive after 10 years. The interest rate is (use thelast two digits of your student ID) per year. Tip: use tables and draw cash flow

Find each year saving as well!!!

please answer

A 6 Okay 2048 tv 8 Hello ... E88 STUDY NOTES FOR SELF THO What is the value of the IRA when you turn 65? (Round to the nearest dollar as needed.) How much of the future value is interest? 9 Starting at age 25, you deposit $2000 a year into an IRA account for retirement. Treat the yearly deposits into the account as a continuous income stream. If money in the account eams 6%, compounded continuously, how much will be in the account 40 years later, when you retire at age 65? How much of the final amount is interest? U ( I December 5, 2022 at 8:28 AM (Round to the nearest dollar as needed.) A l Aa 8= 5 A E » Q 38 reviou --K--

Determine the present equivalent value of the cash-flow diagram shown below when the annual interest rate, İk varies as indicated. Q P=? $2,500 i₁ = 6% 1 $5,000 The present equivalent value is $ 1₂ = 15% 2 13 = 12% 14 = 6% 3 Years $2,500 (Round to the nearest cent.) 4 $5,000 15 = 6% 16 = 15% 5 Click the icon to view the interest and annuity table for discrete compounding when i = 6% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 12% per year. 6

Student Emergency Financial Services, Inc.,which makes small loans to college students, offersto lend $550. The borrower is required to pay $42 atthe end of each week for 16 weeks. Find the interestrate per week. What is the nominal interest rate peryear? What is the effective interest rate per year?

You take out a 30 year mortage at an annual interest rate of 6% which you will repay in monthly installments if the loan was for a total of 301, 251 how kuch will your monthly payment be? ( Please currect answer)

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