Under certain conditions, Swiss banks pay negative interest-they charge you. (You didn't think all that secrecy was free?) Suppose a bank "pays" -2.5% interest compounded annually. Find the compound amount for a deposit of $250,000 after 9 years. The compound amount after 9 years is $◻️ …….. Find the periodic payment which will amount to a sum of $10000 if an interest rate 5% is compounded annuallv at the end of 19 consecutive vears. The periodic payment is $

Q: ​Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,492 is…

A: Given:More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,492 is deposited…

Q: At the end of each quarter, a 51-year-old individual puts $1400 in a retirement account that pays…

A: The main objective is to choose the suitable values for given blanks based on compound interest.

Q: Mr. Chua had a P50,000 business loan that is to be paid for 1 year. If the interest rate is 10%…

A: Solution :-

Q: suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every…

A:

Q: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After…

A: we know the formula of future value  FV=PMT(1+i)n-1i where PMT - perodic payment  i - discount rate…

Q: You want to buy a new car. You can afford payments of $475 per month and can borrow the money at an…

A: Given information Payment=$475 per month Interest rate r=6.7% Since, interest id compounded monthly…

Q: 6.) What interest rate compounded monthly would you need if you invested $15,000 today and needed to…

A: Formula At=p1+rnnt⇒n=compounded period⇒p=initial amount⇒At=Amount at time t ⇒t=time in years⇒r=rate…

Q: A loan of 51000 dollars at 7.8 percent interest compounded annually is amortized with 11 equal…

A: We will find out the required value of equal size of payment.

Q: An investor needs $21,000 in 12 years. (a) What amount should be deposited in a fund at the end of…

A: Here, FV=21,000rate=6%=0.06time=12 Quarterly rate is to be calculated. So, n=4.

Q: What lump sum of money must be deposited into a bank account at the present time so that ​$6,600 per…

A: Given that $6,600 per year can be withdrawn for 7  years, with the first withdrawal to start four…

Q: A sum of money invested now at 10 percent compounded quarterly is to provide payments of $ 1000…

A: Given: Present value every 3 months = $ 1000 present value in a year = 1000 x 4 = $ 4000 Time = t=…

Q: You want to buy a $19,000 car. The company is offering a 2.5% annual interest rate, compounded…

A:

Q: Suppose you invest $1000 at 10% interest compounded every year. a) how long will it be until your…

A: Given that, P=$1000, A=$3000 and r=0.10.

Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

A:

Q: Suppose your friend,halima, who lives new york  received an unexpected inheritance of $1,000,000 and…

A:

Q: You want to retire at age 65. You decide to make a deposit to yourself at the end of each year into…

A:

Q: You borrow $2,000 from Gougo's , a well-known loan consolidation outfit . The loan is an…

A:

Q: A father wants to set aside money for his son's future college education. Money can be deposited in…

A: Consider the yearly amount deposit=$x The rate of interest r=8.5%=0.085 The amount of money at the…

Q: You expect to retire in 30 years. After you retire, you want to be able to withdraw $4,500 from your…

A: Given: PMT=$4,500, Rate=4%, Total number of months=15×12=180To find: Amount of deposit per month…

Q: I will invest P15,000 per quarter for my retirement at 7.3% compounding quarterly for 10 years. I…

A: Here,  Pmt=15,000r=7.3%n=4t=10

Q: A personal account earmarked as a retirement supplement contains $242,100. Suppose $200,000 is used…

A: Let A be the amount  used to establish annuity R is the amount paid at the end of each quarter r be…

Q: 9. A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will…

A: