The annuity expressions and interest factors may only be used when the payment frequency is annual. a True b False

Find 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.) $80,000 in a fund paying 3% per year, with monthly payments for 10 years PMT = $ Need Help? Watch It Read It

You want to borrow $1500 at 8% and you are willing to pay $210 in simple interest.How long can you keep the money

You borrow $6,000 for 90 days at 6.5% interest.  The lender uses a 365-day year.  You make a payment of $1,400 on day 36 (36 days after getting the loan).  Calculate your balance after the $1,400 payment is applied.

The balance of an account continuously compounded was $2006 after 7 years and $6790 after 12 years. What's the balance after 14 years? dollars.

Suppose you take out a car loan of $15,000 with an interest rate of 15% compounded monthly. You will pay off the loan over 36 months with equal monthly payments.(a) What is the monthly interest rate?(b) What is the amount of the equal monthly payment?(c) What is the interest payment for the 15th payment?(d) What is the total interest paid over the life of the loan?

convert 16% compounded monthly to equivalent nominal rate which compounded daily.

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I need help with this problem I'm getting the final answer as 13,565.24 but it is incorrect.  The correct answer is 16,247 using the annuity formula. please solve and show all of your work

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