TB MC Qu, 04-01 X Year Future Value What is the... Four Years Future Value What is the future value of $4,000 deposited for four years earning 8% interest rate annually?Multiple Choice$4,000 51,442 $9, 442

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Find the future value and total interest of the annuity. ​(Round to the nearest cent as​ needed.)   Annuity type Periodic payment Annual interest rate Payment paid Years Ordinary annuity ​$2,100    6​% Quarterly 3   Future Value of $1.00 Ordinary Annuity Rate per period Periods ​0.25% ​0.50% ​0.75% ​1.00% ​1.50% ​2.00% ​2.50% ​3.00% ​3.50% ​4.00% 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2 2.002 2.005 2.008 2.010 2.015 2.020 2.025 2.030 2.035 2.040 3 3.008 3.015 3.023 3.030 3.045 3.060 3.076 3.091 3.106 3.122 4 4.015 4.030 4.045 4.060 4.091 4.122 4.153 4.184 4.215 4.246 5 5.025 5.050 5.076 5.101 5.152 5.204 5.256 5.309 5.362 5.416 6 6.038 6.076 6.114 6.152 6.230 6.308 6.388 6.468 6.55 6.633 7 7.053 7.106 7.159 7.214 7.323 7.434 7.547 7.662…

QUESTION 2 1. You need $30,000 to buy a new Air-Con for your house in 4 years. What value you must have now if the compounded annually return is 10%. 2. Your father placed $50,000 in a trust fund for you. In 12 years what will be the worth of the savings. If the estimated rate of return on the trust fund is 7%?

Devi is buying a used car. Payments will be $78.75 every week for 3 years, with the first payment at the end of 13 weeks. The interest rate is 3.400% compounded daily. What is the equivalent cash price of the car?

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K Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. $14,129 to be accumulated in 3 years; quarterly payments of $1075. The interest rate needed is approximately %. (Type an integer or decimal rounded to two decimal places as needed.) ***

Tom makes annual payments of $12,204.21 per year on a loan. The loan was set at $42,000 at an interest rate of 6.3% for a period of 4 years. How much interest will Tom pay at the end of his loan?

Michael Sanchez purchased a condominium for $67,000. He made a 20% down payment and financed the balance with a 30 year, 5% fixed-rate mortgage. Round your answers to the nearest cent. (a) What is the amount (in dlls) of the monthly fixed payment, R, of Michael's loan? (b) Construct an amortization schedule for the first four months of Michael's mortgage. Payment Number 0 1 2 3 4 tA Monthly Fixed Payment LA LA Amount of Interest LA LA tA Payment to Principal tA LA tA LA Ending Balance