Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $180 monthly payment, 6.5% interest, 13 years   (I got 31736.67 which was incorrect)

Q: Sandeep borrows $20,000 for a new car. The bank offers him an annual interest rate of 9% compounded…

A: Given that the borrows amount PV= $ 20,000 Interest rate  r=9%=9100=0.09compounded monthly…

Q: Find the interest rate for each deposit and compound amount. 6) $8000 accumulating to $12,384.48,…

A: Recall the following fact.

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $255,000…

A: We find the monthly payment for the loan when $255,000 condominium bought with a 30% down payment…

Q: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

A:

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Derek and Claire plan take out a loan to purchase a new home. They take out a 20-year loan at 3.6%…

A:

Q: A man made a loan of $102 to be repaid with $129 at the end of 5 months. What was the annual…

A: Ans-In this question we have to find the simple interest rate . Simple Interest=P×R×T100

Q: Calculate the amount of interest that will be charged on $ 6549 borrowed for 5 months at 6.81 %.

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Q: Use this table to find the monthly mortgage payments, when necessary. Roberto has a mortgage of…

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Q: Mrs. Tan borrowed some money from a bank that offers an interest rate of 9.7% compounded monthly.…

A: Using Excel =FV(9.7%/12,15,8432.25,-PV(9.7%/12,12*5,-8432.25)) =317036.5388 Hence option D is the…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Use the formula or a calculator application to find the monthly payment on a home mortgage of…

A: From the given data loan amount (P.V.) = ​$295,298rate of interest  = 4.908 % = Monthly interest…

Q: You want to buy a $31,000 car. The company is offering a 2% interest rate for 60 months (5 years).…

A: Given that the present value PV=$31000Interest rate r=2%=2100=0.02Componded monthly…

Q: Jennifer earned $ 42.55 interest over the period of 146 days on a term deposit that pays 5.75 % per…

A:

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: We know,  APR = 2Nr/N-1

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: Find the interest due on $1,400 at 9% for 270 days

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Q: Find the amount necessary to fund then given withdrawls. Semiannual withdrawls of $900 for 9…

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Q: P. Express and in spherical Coordinats by use this symbols (Re, P), (PR, CO, CP) with drawing?

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Q: Find the future value of an annuity due with an annual payment of

A: We have to find the future value of an annuity.

Q: Find the future value of this loan. $16,634 at 5.3% for 15 months The future value of the loan is $|

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Q: Find the monthly payments (just PMT) on a 20-year mortgage for $191,888 if the annual interest rate…

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Q: The rebate offer is $3800, and you can obtain a car loan at your local bank for the balance at 3.78%…

A: Let E be the monthly payment , P be the principal amount , r is the rate of interest and n is the…

Q: Find the future value of an annuity due with an annual payment of ​$8,600 for two years at 9.1​%…

A:

Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: You want to buy a $26,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A: Let E is the monthly payment. P is the principal amount=$26,000 r is the monthly rate of…