You borrow $80,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each monthly repayment? a. $3,664.30 b. $28,282.43 c. $2,326.50 d. $26,800.11

What is the amount of each monthly repayment ?

Suppose that you deposit $750 into a bank account today. If the bank pays 8 percent APR per year, compounded quarterly, how much will be in the account at the end of 4 years.A. $812 84B. $750.00C. $1,029.59D. $927.52E. $1.020.37

Your goal is to accumulate $60,000 in seven years' time.  What monthly deposit must you make into a savings account to reach your goal?  Interest rates are 12% p.a. compounded monthly.   a. $1,059.16 b. $714.29 c. $5,947.06 d. $459.16

Regine borrows $5000, to be repaid in 36 equal monthly installments. The interest rate is 10% per year, compounded continuously. How much money must be repaid at the end of each month? A. $116.96 B. $155.63 C. $161.43 D. $146.55

If you borrow $5,300 at $900 interest for one year, what is your annual interest cost for the following payment plan? (Round the final answers to 2 decimal places.) Effective rate a. Annual payment % b. Semiannual payments % c. Quarterly payments % d. Monthly payments %

22. Your client deposits $5 million in a savings account that pays 5 percent per year compounded quarterly. What will be the value of this deposit after 2.5 years? A. $5.625 million. B. $5.649 million. C. $5.661 million.

2. Classify the type of annuity described in the following scenario. A student loan carrying interest of 2.5%, compounded quarterly is repaid with payments of $1000 at the end of every three months. Mr. Smith made 24 monthly deposits of $250 into an account that earns 8% compounded quarterly. How much will be in the account three years after his last deposit? a $6,522.87 b $7,021.41 $8,218.15 d $8,272.57 A $12,000 loan is repaid by semi-annual payments of $1,500 each. Interest on the loan is 10% compounded semi-annually. How long will it take to pay off the loan? с a 10 years b 5.5 years с 5 years d 21 years

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Every six months, an amount of R2 200 is paid into a savings account. The applicable interest rate is 11,32% per year, compounded every four months. Calculate the approximate accumulated amount of these semi-annual payments after nine years. O a. R80 322 O b. R66 173 O c. R66 342 O d. R100 190