you  borrow $20,000 from a bank to be repaid in three equal annual instalment at 9% interest compounded annually. What is the portion of interest payment for the 2nd annual payment? Select one: A 510 B. 1089 C. 549 D. 1251 E. 1800

Q: 7 is invested at the end of each 6 months for 6 equal payments at 0.27 compounded semi - annually.…

A: Given information : Periodic investment  $  1,287.00 Interest rate 27% Total installments 6…

Q: Your bank pays 8% interest, compounded semiannually. Use Table 12-1 to find the future value (in $)…

A: A sum of money is worth more now than it will be at a later time due to its potential for profits in…

Q: At what effective annual rate of interest i will a payment of $7,000 accumulate to $8,179.57 in 4…

A: An effective annual rate is defined as the rate of an interest, which is actually earned on…

Q: 3) $4491 is deposited into a savings account at 4% interest, compounded quarterly. To the nearest…

A: Here, Deposit Amount (PV) is $4491 Interest Rate (r) is 4% Compounding Period (m) is Quarterly i.e.…

Q: A debt of $1908 with interest at 6.3% compounded annually is to be repaid by equal payments at the…

A: Solution:- When a loan is taken, it is to be repaid in lump sum or in installments. If it is paid in…

Q: A deposit of $1300 will be after 3 years $1639. If the interest is compounded annually, what is the…

A: In the given question we are required to calculate the annual interest rate using following…

Q: Consider a five-year fixed - payment security that has a present value of $1,500. If the annual rate…

A: Present value of annuity payment = wherePresent value = $1500 (given)A = Periodic payment = payment…

Q: Find the future value of an ordinary annuity if payments are and how much is from interest R-9,300;…

A: Compound = semiannually =2 Payment = p = 9300 Interest rate = r = 4 / 2 = 2% Time = t = 4 * 2 = 8

Q: a. Calculate the future sum of P5,000, given that it will be held in the bank five years at an…

A: Note 1)It is a case where no sub-part is specified to solve among the multiple sub-parts posted, so…

Q: Find the value of the annuity and the interest. Round to the nearest dollar. nt P A - A _ ² (¹+1)-1]…

A: Periodic Deposit = $100 Interest Rate = 5% Time Period = 10 Years

Q: an annuity $4,947.11 today make equal payment at end of year 8 equal payments at 6.5%. What will be…

A: Annuities are a series of equal cash flows that occur at regular intervals over a specified period…

Q: Assume an individual is wanting to determine the monthly deposits if after 1 year based on monthly…

A: Future Value = 12,336.42 6% Continuous Compounding

Q: how many years will it take $18939accumulate to $34247 when you deposited in a savings account that…

A: Future value of amount increases with interest and with increase in time period and also it depends…

Q: A bank account pays 5.2 % annual interest compounded semiannually. How much money should be…

A: The amount to be deposited today can be calculated with the help of present value function Future…

Q: Whatis the future sum of 1,900, given that it will be held in the bank for 25 years and earn 17…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: 1. A promise to repay $93,000 eight years from now at an interest rate of 9%. 2. An agreement to…

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

Q: If you deposit RM25,000 in an account earning 16% with quarterly compounding, how much would you…

A: Amount of Deposit = RM 25,000 Interest Rate = 16% per annum Quartery interest Rate(r) = 16%/4 = 4%…

Q: 10) $350 is deposited at the end of each month for 4 months at 8% per year compounded monthly. What…

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

Q: You deposit $200 in an account earning 7% compound interest for 6 years. Find the future value and…

A: Future value refers to the projected monetary worth of an investment or asset at a specified date in…

Q: II. Table Completion. Find the indicated value from the following ordinary annuity. Write your…

A: The periodic payment made at the end of each periodic interval is regarded as the ordinary annuity.…

Q: You deposit $5100 in an account earning 4% compound interest for 3 years. Find the future value and…

A:

Q: You would like to earn simple-interest $1 800 from a term deposit at 4.25% in 8 months. Calculate…

A: Simple interest is a method of interest calculation where the principal amount remains the same for…

Q: A6) Finance If $150 is placed in an account that earns a nominal annual interest rate of 6 percent,…

A: To calculate the future value we will use the below formula   Future value = P*[1+(r/m)]t*m Where P…

Q: if P20,879 is deposited each year for 8 years at an interest rate of 10.257% compounded bi-monthly,…

A: The concept of the time value of money states that the same amount of money is worth more today than…

Q: Use the ordinary annuity formula to determine the accumulated amount in the annuity. Round to the…

A: Ordinary annuity is the type of account in which amount is accumulated at the end of each period for…

Q: Suppose that ​$290,000.00 is owed on a house. The monthly payment for principal and interest at 8.0%…

A: The amount paid by the borrower on the amount owed is regarded as interest rate.

Q: Q1) A man deposited $10,000 in a bank saving account that pays X % / year compounded monthly. He…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Determine the amount of money in a savings account at the end of 5 years, given an initial deposit…

A: Compounding: It is the practice by which the interest is credited both to an existing principal…

Q: A loan should be repaid over 8 years with 32 quarterly payments of $362.19 at j4 = 8%. Under the…

A: A loan is an agreement between two parties where money is forwarded by one party in exchange for a…

Q: Find the payment made by the ordinary annuity with the given present value. $237,277; quarterly…

A: The value of future cash flows today is called present value. The formula for the payment is given…

Q: You have amortization schedule to pay back $1,000,000 with 3% for 48-payments (your first payment is…

A: An amortization schedule is a structured approach to repaying a loan that breaks down each payment…

Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…

A:

Q: If you deposit $64,225 at 14.98% annual interest quarterly, how much money will be in the account…

A: The money's time worth concept reveals that because of the fact any sum today can be invested and…

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: Total Semi annual payments is 20 Interest rate is 12% compounded semi annually Amount of annunity is…

Q: Consider these two annuities. Annuity 1: $150 invested at the end of each 6 months for 20 years at…

A: As we are dealing investment accounts with periodic deposits, we will use annuity formula. Here we…

Q: (3-4.) The following terms of payment for an annuity are as follows: Periodie payment = 20,000…

A: Monthly payment (P) = 20000 Interest rate = 18% Monthly interest rate (r) = 18%/12 = 1.50% Period =…