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: A boy borrows 25000 from father. His father lends him money, on the condition that he would be…

A: A loan is a financial arrangement in which a lender provides funds to a borrower, who agrees to…

Q: Rhea has to pay a loan by making 12 bimonthly (at the end of every 2 months) payments of P15,000 to…

A: Price / Present Value can be calculated using PV function in excel   PV (rate, nper, pmt, [Fv],…

Q: Scottie wants to accumulate $30,000 for a down payment for a house. He can only afford to set aside…

A: Future value needed = $30,000Payment = $300 every half year (i.e semi annually)Interest rate = 7.5%…

Q: Hannah places $ 6500 into an account earning 7.75% interest compounded continuously, how much will…

A: Future Value = Present Value * e^rt Where, r =continuously compounded rate of interest i.e. 7.75% t…

Q: a. Kim pays ₱2,000 every two months to settle his obligation for two years at 8% compounded…

A: a. The present value can be calculated using the PV Function.  b. The monthly payment can be…

Q: 4. A girls gives 100 to her mother every month. Her mother saves it into an account that earns…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

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: Crysta just borrowed $59,000.00. She plans to repay this loan by making a special payment of…

A: Annual payment refers to an amount that is paid annually for the repayment of a loan amount by the…

Q: Connie wants to have an annuity payment of $2000 at the end of every three months. How much should…

A: Given information: Annuity payment is $2,000 Interest rate is 6% compounded quarterly Number of…

Q: John already has $55,600 today in his savings account earning 5.5% compounded semiannually. The…

A: Here,

Q: The interest paid during the first year is $. (Round to the nearest cent as needed.) The interest…

A: First, we need to determine the monthly payment using the formula below:r = monthly interest rate=…

Q: Taylor will make payments of $150 at the end of every month to settle a loan of $1,300 at 5.10%…

A: Montly payment(PMT) = $150 Loan Amount = $1,300 Rate = 5.10% Compounded semi- annually

Q: Frank had originally promised to pay Jane $1,500 3 months ago, $1,000 today and $1,000 6 months from…

A: Compounding and discounting are the ways to consider the money’s time value at given rate.…

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: You would like to have $7,000.00 in 14 years for a special vacation following graduation by making…

A: The objective of this question is to determine the amount of money that needs to be deposited at the…

Q: Elizabeth pays $294.50 for a car lease at the beginning of every month for 1 years and 8 months at…

A: The first part of the question is asking us to identify the type of annuity Elizabeth has for her…

Q: A woman borrowed P3, 000, 000 to be paid after 1.5 years with interest at 12% compounded…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

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: Jennifer buys a $300,000 house and pays $100,000 down. The loan is for 30 years and is at 4%…

A: Monthly payments is calculated by present value of annuity formula. r is interest rate and n is…

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: Trevor took a loan of $7,700 from her parents to purchase equipment for her hair salon. If they…

A: We have to find the quarterly payment that will amortize the loan in full. It's a time value of…

Q: how much should I invest today and expect a reimbursement every other month with a ROR of 0.08…

A: ROR = 0.08 Bi-monthly ROR (R) = 0.08/6 = 0.0133333333 Period = 4 Years Number of bi-monthly payments…

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: and plans to make a payment of $800 per quarter, how may years will it take him to pay off the loan?

A: Loan Amortization: It is the process of paying the loan value in periodic payments of regular size.…

Q: of each month. At 6% compounded semiannually what is the required time?

A: More is compounding more is the effective interest and more is interest being accumulated over the…

Q: Lucy had an agreement to settle a loan by making payments of $3,000 in 12 months, and $2,400 in 5…

A: We will use the equation of time value of money to solve the question. According to the concept of…

Q: Miss A wants to have P35436 for 2.1 years starting today which is to be used for research. If she…

A: The Future Value of Annuity Due refers to the concept which determines the sum total of all the cash…

Q: Samantha wants to be able to withdraw $530 at the end of each month for two years while she travels,…

A: Here, Investment Amount (PV) is $10,300 Interest Rate earned on Investment Amount (Rate) is 4.54%…

Q: A. Zoey deposits $500.00 every quarter into an account earning 5% interest compounded quarterly. How…

A: The time value of money is the concept widely used to determine the correct worth of the sum to be…

Q: Nadhirah needs to pay RM168.28 every month for a loan of RM7,000 from XYZ Bank at 7.2% compounded…

A: Given, The monthly payment is RM 168.28 Loan amount is RM 7000 Rate is 7.2% compounded monthly

Q: A home buyer buys a house for $225, 000. She pays 20% cash, and takes a fixed - rate mortgage for…

A: The objective of the question is to calculate the biweekly mortgage payment for a home buyer who…

Q: he Zinger Corporation is considering an investment that has the following data: Year 1 Year 2 Year 3…

A: Pay back period is amount of period required to recover initial investment of the project from the…