If money earns 5.22% compounded quarterly, what single payment in two years would be equivalent to a payment of $2,050 due three years ago, but not paid and $700 today?

Q: How much annual income would need to be generated over a 5 year period, to be equivalent to $4,000…

A: Calculate the annual income over a period of 5 years as follows:MS-Excel --> Formulas -->…

Q: years

A: Rate of interest r= 3% compounded annually, Given the t time period,t  = 7 years, Which means…

Q: At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to…

A: FV = PV * (1 + i/n)^(n * Years) Where FV = Future Value = $18276.04 PV = Present Value = $15000 i =…

Q: pounded quar

A: We need to find the amount of money that must be invested to accumulate P200,000 in 3 years and 3…

Q: You invest $1,000 for 3 years at 6% per annum compounding quarterly. What is the equivalent annual…

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

Q: If $450 is deposited at the end of each quarter into an account paying 10% compounded quarterly, how…

A: The question is based on the concept of Annuity.

Q: You invested $23355 for 12 years at 6.68% per annum. How much more would you receive at the end of…

A: Investment amount = $ 23355 Period = 12 Years Interest rate = 6.68%

Q: You place $4000 into an account paying 8% compounded annually. Inflation is 2.5% during each of the…

A: The real rate of return is the actual rate of return after taking inflation into account. The…

Q: $1,200 is deposited every six months in an account that earns 2% compounded semi-annually, how many…

A: Effective interest rate is interest rate after considering impact of compounding and more is…

Q: If you invest $48500 to earn 7% interest, which of the following compounding approaches would return…

A: Compounding in simple language means the interest on the previous interest. So if the compounding…

Q: What amount 1.5 years from now is equivalent to $ 7000 due in 8 years, if money can earn 6.2%…

A: Time period=1.5 years Future Value (FV) = $7000 Interest rate (r)= 6.2% compounded semiannually…

Q: at period of time could you pay back a loan of $3000 by making monthly payments of $110 if interest…

A: Loans are paid by the equal amount of monthly payments these payments carry the payment of principal…

Q: How much should be invested now at 6.7% compounded semiannually to have $47,000 in 19 years?

A: The amount required to be invested today is calculated as present value

Q: What equal payments in 2 years and 4 years would replace payments of $32, 500 and $72, 500 in 7…

A: The concept of time value of money will be used here. As per this concept money has the power to…

Q: If interest is compounded at 6.5% per year, how long will it take for $50,000 to accumulate to…

A: Present value = $50,000   Future value = $88,600 Interest rate = 6.5% Let time taken = n years

Q: If $6000 is deposited at the end of each half year in an account that earns 6.5% compounded…

A: The value of money refers to the concept that the value of money changes over time due to various…

Q: Given an interest rate of 8.2% compounded annually, how much would you accumulate if you started…

A: Future value is the future worth of the given cash flows at the given period and interest…

Q: You invested $5766 for 15 years at 6.66% per annum. How much more would you receive at the end of…

A: Investment amount = $ 5766 Interest rate = 6.66% Period = 15 Years

Q: What is the future value of 24 periodic payments of $4,660 each made at the beginning of each period…

A: Given: Particulars Amount Payment(PMT) $4,660 Periods(NPER) 24 Rate 8%

Q: Assume that $30,000 is due in 3 years at the given rate of interest. (Use a 365-day year.) 3%/year…

A: Interest rate = r = 3% Compound = m = quarterly = 4 Time = t = 3 years Number of compounded period =…

Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: The problem relates to ANNUITY DUE. Annuity due is an annuity whose payment is due immediately at…

Q: If money earns 7.26% compounded quarterly, what single payment in three years would be equivalent to…

A: The future value of money refers to the monetary worth of an amount of money over time. It accounts…

Q: 9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How mi $1500…

A: Note : As per the guidelines, only first question will be answered. Kindly post the remaining parts…

Q: How many more payments would be required to be able to accumulate at least $54,000 by saving $1,650…

A: The objective of the question is to find out the difference in the number of payments required to…

Q: What should be the amount in an RRSP that is earning 7.00% compounded quarterly if it can be…

A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: If you contribute $1000.00 into an RRSP every six months for fifteen years and interest on the…

A: GIVEN, pmt =$1000 NPER = 15 X 2 =30 RATE = 8%2=4% PV=0

Q: A sum of $150,000 now at an interest rate of 10% per year compounded semiannually is equivalent to…

A: The present value of money is the discounted value of future cash flows used to determine the…

Q: will we owe more or less than $200,000 (half the original loan amount)?

A: Loan Amount: It represents the credit taken by the borrower from the lender. The borrower makes…

Q: How many monthly payments of $270 will it to save up $4861 when interest is 3.67% compounded…

A: Monthly payment (P) = $270 Interest rate = 3.67% Monthly interest rate (r) = [{1+0.0367/2}2]1/12-1…

Q: a 0.18 compounded quarterly

A: Given information : Interest rate 18% Amount to be withdrawn $47,783 Number of withdrawals 6…

Q: If $0,000 per quarter is invested in an account that eams a nominal annual interest rate of 9%…

A: The amount in the account at the end of the 6 years is the future value. The nominal annual rate…

Q: What amount should be deposited today at 4.56% compounded monthly to have $5000 in 3 years?

A: Interest Rate = 4.56%No. of years = 3Future Value (FV) = 5000

Q: If you put $5,421 into an account with an annual return of 7.9%, how many years will it take to have…

A: Variables in the question:PV=$5421Rate=7.9% (compounds quarterly)FV=$38587Required: N

Q: What amount three years from now is equivalent to $3000 due five months from now? Assume that money…

A: Compound interest is the additional interest on principal. It calculates interest on principal and…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.