Helen has two debts to pay; a $3500 today and a $4500 in 9months from today. How much should she pay if she wants to combine the two payments into one single payment to be paid in 6 months from today if money earns 4.5% p.a. compounding quarterly?

Q: Bryan received a loan of $42,000 from the bank at 3.25% compounded monthly. If she had to repay $350…

A: Given that: Interest rate r = 3.25% per year = 0.2708% per month Period n =3 year= 36 months…

Q: jose has determine dhe need to have $800000 for retirment in 30 years. His account earns 6%…

A: Amount need to be deposited in the account each month can be calculated using the formula of future…

Q: Nicole loans P900,000 from bank today which gives her 10% interest rate compounded annually. Based…

A: Loan amount (L) = P 900000 r = 10% n = 10 payments Let the annual payment = A

Q: Daniel and Michael are buying a home for $800000. They make a down payment of 30% and finance the…

A: A mortgage refers to a loan availed against the purchase of a house. The lender charges an interest…

Q: Carlo paid P 13,500 after two years to fully pay his loan that costs P 10,000. What is the interest…

A: Loan to be repaid on maturity = C* ( 1+i)n Where C is the amount of loan borrowed  i is the periodic…

Q: 1. If money is worth 5% compounded quarterly, how much must Julea save every end of three months to…

A: Here we will use the concept of time value of money. As per the concept of time value of money it is…

Q: ane needs $30,000  to buy a new car in four years. How much should she deposit at the endof each…

A: We will use the concept of time value of money here. The concept of time value of money states that…

Q: Prisha received a loan of $25,000 from the bank at 3.50% compounded monthly. If she had to repay…

A: Solution:- When an amount is borrowed, it can either be repaid as a lump sum payment or in…

Q: Jimmette currently has savings in the amount of $46627 in an account that earns 5.9% compounded…

A: Annuity is a series of regular payments or withdrwals made at a regular interval for a period.…

Q: Abigail received a loan of $41,000 from the bank at 5.75% compounded monthly. If she had to repay…

A: Using Excel

Q: Clara borrows $41,000 today at 2.9% per year compounded quarterly, to start her own buisness. she…

A: In this question we need to compute the Clara's quarterly payments from following details: Loan…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $600 per month…

A: Accumulated value refers to the method of time, the value of money that is helpful in…

Q: 2

A: Interpretation: Present value refers to the current valuation for a future sum. Investors determine…

Q: If Rochelle obtained a business loan of $205,000.00 at 4.67% compounded semi-annually, how much…

A: Business loan = $205,000.00 Interest Rate = 4.67% compounded semi-annually Time Period = 30 Years

Q: a) i) Ali is paying off a loan by making $50 payments at the end of every month for 2 years, at 6%,…

A: Loan is a borrowed amount taken for the purpose of completing the shortage of funds. When an…

Q: Monica wants to consolidate several loans she has into a single three-year loan for $150,000 that…

A: When making payments for loans the monthly payment amount is fixed. However the interest component…

Q: How much should Bianca have in a savings account that is earning 2.50% compounded monthly, if she…

A: Solution:- When an equal amount is withdrawan each period at end of the period, it is called…

Q: If Phil borrows $40,000 from a loan company at an interest rate of 6.5% per year compounded weekly,…

A: Here, Loan amount = $40,000 Quarterly payment of the loan = $800 Interest rate = 6.5% compounded…

Q: annual

A: Introduction: The effective rate can be defined as the usage rate which a borrower would use to pay…

Q: Mary deposits her P500, 000 in a saving bank that gives nominal interest if 9.4% compounded…

A: The value of the deposit after a period will be the future value of that deposit.

Q: How much should Manvir have in a savings account that is earning 3.50% compounded semi-annually, if…

A: Present value of an investment is the sum total value of all deposits in today's period that are…

Q: Aman has two debts to pay. A $850 due today and a $950 due in 9 months from today. Instead, he wants…

A: Present Value(PV) is value of a future amount at current point of time. It is done by discounting…

Q: Kim invests $6050 in an account earning 6.54% interest, compounded weekly. How long will it take for…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: Sharon has  an account that starts at $5,800. She  add $100 to it each month. It earns 7.4%…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: Akbar has borrowed $48,000 today and agreed to repay it in 5 years with monthly payments at the…

A: Given information: Amount borrowed is $48,000 Interest rate is 2.60% Number of years is 5 years

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $244 per month…

A: Future value refers to the future worth of a present sum. Annuity refers to the periodic payment…

Q: How much should Brianna have in a savings account that is earning 2.50% compounded semi-annually, if…

A: We need to use present value of ordinary annuity formula to calculate amount in account today to…

Q: O $352.28 (plus or minus 1 dollar) O $783.83 (plus or minus 1 dollar) O $360.70 (plus or minus 1…

A: Loan amount=8640Period=9 yearsNumber of payment=n=36Interest rate=9.57Quarterly interest…

Q: ay off a debt that he took out today, Roger will have to make a payment of $3,500 in 15 months and…

A: The loan amount is the present value of payments made for the loan based on time and interest rate…

Q: Kristina saves $23 at the end of each week and deposits the money in an account paying 11%…

A: Future value is an estimate of future cash values ​​that may be received at a future date,…

Q: Raquel will settle her debt my making quarterly payments of P5,800 for 3 years and 6 months but the…

A: Quarterly payment = P 5800 Period = 3.50 Years Number of quarterly payments = 3.5*4 = 14 Annual…

Q: Heidi deposits $8,000 in a savings account that earns 4.5% interest, compounded quarterly. How much…

A: Amount she will have is future value of deposit

Q: Anna places $384 each quarter into an account that earns. If the account earns 1.41% interest…

A: Given data; Quarterly payment = $384 interest rate = 1.41% number of years = 7 Compounding frequency…

Q: When Maria Acosta bought a car 2 & 1/2 years ago, she borrowed $14,000 for 48 months at 8.4%…

A: When the borrower borrows a loan from the lender, he has to pay a rate of interest on the borrowed…

Q: Mary deposits her P500,000 in a saving bank that gives nominal interest if P9.4% compounded…

A: Time value of money (TVM) is a concept which states that the money today has more worth than the…

Q: Alyssa has $800,000 saved for retirement in an account earning 2.2% interest, compounded quarterly.…

A: The Present Value of Ordinary Annuity refers to the concept which gives out the discounted or…

Q: In 7 years Harry and Sally would like to have $20,000 for a down payment on a house. How much should…

A: A down payment seems to be a monetary payment made at the start of a purchase deal. It is frequently…