the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)   $20,000 in a fund paying 2% per year, with monthly payments for 5 years

Q: Find the future value of an ordinary annuity of $9,000 paid quarterly for 6 years, if the interest…

A: Given: The principal value is $9,000  n value is 6 years Rate of interest is 8%

Q: If you borrow (P) $7,000 at an interest rate of 12% per year compounded semiannually, with the…

A:

Q: Find the future value of an ordinary annuity of $4,000 paid quarterly for 7 years, if the interest…

A: To find the future value of an ordinary annuity of $4,000 paid quarterly for 7 years, if the…

Q: You are purchasing a home for $270,000. You plan on using $34,000 as a down payment. Bank A offers…

A: Reviewing information, Home price=$270000 Down payment=$34000 r=rate of interest=10% n=tenure=20…

Q: scheduled loạn payments of $603 due in 3 months and $841 due in 15 months are rescheduled as a…

A: Given: Scheduled loan payments of $603 due in 3 months and $841 due in 15 months are rescheduled as…

Q: Use the appropriate formula to find the amortization payment (in $) you would need to make each…

A: Given Loan amount, L=$6500, Rate of interest, r=24% compounded monthly and Time, t=3 years…

Q: Find the future value of an ordinary annuity of $300 paid quarterly for 2 years, if the interest…

A: Given that in an ordinary annuity, $300 is paid per quarter for 2 years at an interest rate of 15%…

Q: A group of private investors purchased a condominium complex for $3 million. They made an initial…

A:

Q: A group of private investors purchased a condominium complex for $2 million. They made an initial…

A:

Q: Find the future value of an ordinary annuity of $sixthousand paid quarterly for 5 years, if the…

A:

Q: Use the appropriate formula to find the amortization payment (in $) you would need to make each…

A: Ans $129

Q: Find the future value of an ordinary annuity of $4,000 paid quarterly for 4 years, if the interest…

A:

Q: Find the present value of an ordinary annuity with deposits of 6,042 quarterly for 4 years at 5.6%…

A:

Q: Find the payment that should be used for an annuity due with a future value of $12,000, quarterly…

A:

Q: Find the future value of an annuity due of $8,000 paid at the beginning of each 6-month period for 6…

A: Given that, the due is R=$8000, interest rate is 6% and interest is compounded semi-annually , time…

Q: The price of a new car is $20,000 . Assume that an individual makes a down payment of 25 % toward…

A:

Q: Solve by using the sinking fund or amortization formula. A manufacturing company has determined that…

A: To calculate the equal payments that are required every 6 months to accumulate a fund of $600,000 in…

Q: Find the present value of an annuity with periodic payments of $500 semiannually, for a period of…

A:

Q: OHaganBooks.com is seeking a $260,000 loan to finance its continuing losses. One of the best deals…

A: Given, Loan amountP=$260000 Rater=9.5% Timen=10 years. The formula for finding the total payment is,…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A:

Q: iii) Use your formula to determine the present value of a loan, with $200 payments at the beginning…

A:

Q: Find the future value of an ordinary annuity

A: We have to find out the future value FV of an ordinary annuity of $100 per month for 10 years at…

Q: Find the present value of an annuity of $5000 paid at the end of each 6-month period for 2 years if…

A: Given :-  An annuity of $5000 paid at the end of each 6-month period for 2 years if the rate of…

Q: Find the future value of an ordinary annuity of $130/month for 11 years at 5.5%/year compounded…

A: we have an ordinary annuity of $130   Time period 11 years Rate = 5.5% per year compounded monthly…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A: Solution by using future value of annuity formula as follows :

Q: Find the future value of an annuity due of $2,000 paid at the beginning of each 6-month period for 7…

A: Given, P=$2000Interest rate r=6%=0.06Time t=7 yearsn=2×7=14

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A:

Q: How much is the monthly amortization (periodic payment)?

A:

Q: Find the future value of an ordinary annuity of $5,000 paid quarterly for 3 years, if the interest…

A:

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To…

A: The weekly payment needs to be $74.27

Q: Solve by using the sinking fund or amortization formula. A manufacturing company has determined that…

A: Use the following formula for sinking fund: S=R1+in-1iwhere S is the accumulated balanceR is the…

Q: Use the appropriate formula to find the amortization payment (in $) you would need to make each…

A: Given, PV=$4,500 r=24% Compounded monthly t=3 years We have the formula for present value…

Q: Prime Real Estate plans to raise $725,000 over a 4-year period so they can purchase a piece of heavy…

A: Here we solve the given problem of Algebra.

Q: Find the future value for the ordinary annuity with the given payment and interest rate.…

A: Note - It is assumed that $1,800 is 'monthly' payment and 1.90 % is 'monthly' interest rate. Formula…

Q: Find the future value of an ordinary annuity of $9,000 paid quarterly for 3 years, if the interest…

A:

Q: the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See…

A: From given, FV = $70,000, n=512=60,i=7100112=0.005833. PMT can be obtained by below formula…

Q: Find the future value of an ordinary annuity of $110 paid at the end of each quarter for 2 years, if…

A:

Q: Rich buys a car for $28,000 and has two options for financing. The dealership offers either…

A: Solution:-. calculate the principal by compounded monthly.

Q: The Sandersons are planning to refinance their home. The outstanding principal on their original…

A: Given: The outstanding principal is $130,000 Interest rate is 11% year compounded monthly. Amortized…

Q: Find the future value for the annuity due with the given rate. Payments of $18,000 for 11 years at…

A:

Q: A worker established an ordinary annuity with regular payment of $10000 compounded annually at an…

A:

Q: B. Find the present value of an ordinary annuity with regular quarterly payments worth P1,000 at 3%…

A: The solution of this question is given below:

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: Here, future value=100,000rate=7.6%

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To…

A: Weekly payment formula

Q: Find the future value for the ordinary annuity with the given payment and interest rate PMT=$750;…

A: Given, Principal = P = 750 $ Rate of interest = R =  1.3% compounded semiannually Time period  = n =…

Q: Find the periodic withdrawal for an annuity

A: Given:  For an annuity containing $275,000 at 6%, paid out monthly for 30 years. That is, PV=275000…

Q: Find the future value for the ordinary annuity with the given payment and interest rate.…

A: we have to find future value of the ordinary  Future value will be…

Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A: We need to find Present value.

Q: A group of private investors purchased a condominium complex for $4 million. They made an initial…

A: Given that the total payment of the complex is $4 million. Since 1 million = 1000000, $4 million =…

Q: A company establishes a sinking fund for upgrading office equipment with monthly payments of $1,000…

A: