Given an effective interest per annum of 20%, compare the compound amount at the end of 10 years of $5,200 a year if the payments are: a) End-of-year b) Weekly (assume interperiod interest) c) Continuous (assume interperiod interest)

A man wishes his son to receive $ 200000 after 10 years from now. What amount should he invest if it will earn interest of 10% compounded annually.

A man borrowed P 100,000 and promised to pay after 6 months at an interest of 8% compoundedmonthly per month. How much will the man pay?

Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $150 is deposited monthly for 11 years at 2% per year FV = $ Need Help? Read It Submit Answer

A trust will pay you $50,000 per year for 30 years starting 1 year from now. Assuming an interest rate of 5% compounding annually, what is the present value of these cash flows worth?

What type of interest is obtained when the nominal interest rate is divided by the number of compounding periods in a year?   a effective interest rate per year   b nominal interest rate per compounding period   c effective interest rate per compounding period   d nominal interest rate per year

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Planning for your wedding which would take place 10 years from now, you started to deposit from today a lump sum money every quarter for 4 years at nominal interest of 8% so that you can withdraw $50,000 at your wedding day.a) Sketch the cash flow diagram for the above financial plan.b) Calculate the amount of money that has to be deposited every quarter.

4.39. What is the present worth of the following series of payments? (a) $5,000 at the end of each six-month period for 12 years at 9% compounded semiannually. $7,000 at the end of each quarter for 10 years at 8% compounded quarterly. (b) (c) $3,500 at the end of each month for five years at 6% compounded monthly.

Q3. A loan of $15,000 requires monthly payments of $477 over a 36-month period of time. These payments include both principal and interest. (a) What is the nominal interest rate (APR) for this loan? per year, compounded monthly (b) What is the effective interest rate per year? per year