What cash payment is equivalent to making payments of $944.00 at the end of every six months for 9 years if interest is 9% per annum compounded quarterly?
Q: At what nominal rate, compounded every 2 months, would $14,000.00 have to be invested to amount to…
A: Nominal rate = r 2 Months rate = r/6 = 0.166666666666667r Investment (PV) = $ 14000.00 Future value…
Q: At what nominal rate, compounded quarterly, would $15,000.00 have to be invested to amount to…
A: FV = PV * (1 + i/n)^(n * Years) Where FV = Future Value = $18276.04 PV = Present Value = $15000 i =…
Q: What is the present worth of P500 deposited at the end of every month for 6 years if the interest…
A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…
Q: a) What is the present worth ofequal payments of $25,000 made semi-annually (i.e., twice every year)…
A: Semi annual payment (P) = $25,000 Interest rate = 8% Semi annual interest rate (r) = 8%/2 = 4%
Q: 2. What is the future worth of P600 deposited at the end of every quarter for 4 years if the…
A: The value of an asset at a specific date is referred to as its future value. It is the present value…
Q: I. Bank X pays 12 per cent and compounds interest quarterly. If Rs 200,000 is deposited initially,…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: An amount of $29,200 will provide 9 years of payments of $2,518.50 at the end of every 6 months.…
A: Present Value $ 29,200.00 Time Period 9 Semi Annual Payment(P/Y) $…
Q: What rate of interest, compounded annually, will result in the receipt of P15 938.48 if P10 000 is…
A: Let the interest rate = r Final amount (F) = P 15938.48 Invested value (P) = P 10000 n = 8 years
Q: What is the nominal rate of interest if Php4,000 accumulates to Php10,000 in 8 years with interest…
A: solution given present value =4000 future value =10,000 time period =8 years…
Q: How many semi-annually payments will it take for $550.00 deposited at the end of each half year to…
A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…
Q: A sum of money is deposited now in a savings account. The effective annual interest rate is 12% and…
A: Individuals deposit a sum of money into savings accounts in order to earn interest and accumulate a…
Q: What equal payments at the beginning of each year for 10 years will discharge a debt of 110,000…
A: Debt amount (PV) = 110,000 pesos Interest rate (r) = 8% Number of payments (n) = 10 Equal payment =…
Q: A sum of P1,000 is invested now and left for eight years at which time the principal is withdrawn.…
A: We will use the concept of time value of money here. The concept says that money earns interest and…
Q: Payments of $4,000, $5,200 and $6,500 are due infourmonths, sixteen months and eighteen months…
A: In this we need to calculate all values after 1 year.
Q: How much will be paid every three months for a loan that amounts to P1 400 500.00 if money is worth…
A: Loan amount = P1,400,500 Interest rate = 518% = 418% = 5.125% Time period = 20
Q: 19. An investment of P300 is made at the beginning of each month for 4 years and 3 months. How much…
A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity is…
Q: If money is worth 6% annually, what annual payment is required to raise P 17,909 after 5 years if…
A: The Future Value of an annuity due is the total future value of each cash flows which is made at the…
Q: What is the present worth of P5000 deposited at the end of every three months for 5 years if the…
A: The present value is the value of the sum received at time 0. It is the current value of the sum…
Q: You are offered payments of P1500.00 at the end of each quarter for 6 years. You feel that the…
A: The cash value is the present value of annuity calculated on the basis of a specified rate. Annuity…
Q: At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13…
A: Interest is the amount charged on a loan or investment. It can be calculated by simple interest or…
Q: If $19,000 is invested at 5% compounded quarterly, what is the amount after 9 years? The amount…
A: Given: Present value = $19,000 Interest rate = 5% Years = 9
Q: If you borrowed P10,000 from a bank with 18% interest per annum, what is the total amount to be paid…
A: A bank is a financial institution that provides loans and borrowings to the borrowers or the…
Q: What is the annual rate of interest if P265 is earned in four months on an investment of P15, 000?
A: Interest amount = P 265 Period = 4 Months = 4/12 = 1/3 Years Investment = P 15000
Q: or total yearly payments of $10000 for 10 years, compare the compound amount accumulated at the end…
A: Given information: Annual payments : $10,000 Time periods : 10 years Nominal Rate of interest : 20%
Q: What is the discounted value of $844 paid at the end of every three months for 10 years if…
A: Computation:
Q: What is the interest earned on the principle of RM18,000 at the rate of 12% for 1 year and 4 months…
A: Principal amount (P) = RM 18,000 Interest rate = 12% Monthly interest rate (r) = 12%/12 = 1% Period…
Q: 40,000 is repaid over 9 years with payments occurrir = the size of the periodic payment? = the…
A: interest rate is compounding quarterly so we have to find effective annual interest rate.
Q: If $9,000 is invested at 6% per year compounded monthly, the future value S at any time t (in…
A: Future Value(FV) is value of any present amount in future period. It is computed by compounding that…
Q: If you deposit RM25,000 in an account earning an interest of 15% per annum, much would you have in…
A: Given: Present value = RM25000 Interest rate = 15% per annum Time period = 10 years To compute the…
Q: Finance. Suppose that $4,300 is invested at 3.4% annual interest rate, compounded monthly. How much…
A: Given Information Present Value = $4,300 Interest rate =3.4% compounded monthly Time Period in Part…
Q: What is the percent worth of PHP 1000 monthly deposit at 2% per month for one year if the payments…
A: Monthly payment (P) = Php 1000 Monthly interest rate (r) = 2% Number of monthly deposits (n) = 12
Q: What cash payment is equivalent to making payments of $1471.00 at the end of every year for 8 years…
A: Solution:- When an equal amount is paid at end of each period, it is called as ordinary annuity.…
Q: What is the equal-payment series for 10 years that is equivalent to a payment series starting with…
A: Given information: Initial amount is $10,000 Decreases by $1,000 over 10 years Interest rate is 7%
Q: If money is worth 8% compounded quarterly, find the present value of 12 quarterly payments of P1,…
A: The rate of interest is 8% compounded quarterly. The payment made for 12 quarters. the each payment…
Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…
A: A deposit is a financial phrase that refers to money that is kept in a bank. A deposit is a…
Q: suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will…
A: Future Value(FV) is value of current amount at future date. It is computed by compounding that…
Q: You are offered payments of P1500.00 att he end of each quarter for 6 years. You feel that the cost…
A: The present value of future and periodic cash flows is the value of these cash flows at the present…
Q: What amount of money is equivalent to receiving ₱5,000 two years from today, if interest is…
A: We need to use present value formula to calculate the amount of money equivelent today(present…
Q: How long before a scheduled payment of $3,354 will a payment of $3,018 be economically equivalent?…
A: Future Value = 3354 Present Value = 3018 Interest Rate = 4.25%/4 = 1.0625% per quarter N = Number of…
Q: For total yearly payments of $10000 for 10 years, compare the compound amount accumulated at the end…
A: An ordinary annuity is a series of equal payments made over a period of time. It has been…
Q: Suppose that $6,000 is placed in a bank account at the end of each quarter over the next 10 years.…
A: Quarterly payment (Q) = $6000 n = 10 years = 40 quarters Interest rate = 13%
Q: If the sum of P12,000.00 is deposited in an account earning interest rate of 9% compounded…
A: Future Value: The future value is the amount that will be received at the end of a certain period.…
Q: Finance. Suppose that $6,000 is invested at 3.8% annual interest rate, compounded monthly. How much…
A: To calculate the future value we will use the below formula Future value = PV*(1+r/m)t*m Where PV…
Q: What is the future worth of a series of equal monthly payments of $2,000 if the series extends over…
A: Use the following formula to calculate the effective interest rate (EIR). Where i is the effective…
Q: What is the nominal annual rate of interest compounded quarterly if a loan of $22,500 is repaid in…
A: The nominal interest rate is the stated interest rate. The nominal interest rate doesn't consider…
Q: What will be the amount of the sum Rs 1200 for one and half year at 40 percent of interest…
A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…
Q: What is the principal that will grow to $5500 in nine years, two months at 4.4% compounded…
A: Present Value refers to the value of cash flows today which is to be received at some future time…
Q: Find the present value of P1,200 due in 3 years and 9 months if money is worth 10%, compounded…
A: Present value of annuity is the current value of the future payments that are calculated using the…
What cash payment is equivalent to making payments of $944.00 at the end of every six months for 9 years if interest is 9% per annum compounded quarterly?
Step by step
Solved in 2 steps
- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?What sum of money now is equivalent to $9500 three years later, if interest is 3% per 6-month period?If $12000 per quarter is invested in an account that earns a nominal annual interest rate of 11 % compounded monthly, how much money will be in the account at the end of 6 years? round to nearest dollar
- How many semi-annually payments will it take for $550.00 deposited at the end of each half year to amount to $12500.00 at 6% compounded monthly?What is the present equivalent of a uniform series of annual payments of 64000 USD each for six years if the interest rate, compounded continuously, is 9%?What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 8.6%, compounded semiannually, so that the account will have a future value of $170,000 at the end of 20 years? (Round your answer to the nearest cent.)$_____
- What amount of money is equivalent to receiving $10,000 three years from today, if interest is compounded quarterly at the rate of 3.5% per quarter?What is the present value of a stream of monthly payments of $500 each over 10 years, if the interest rate is 10% per annum, compounded monthly.If $12,000 per quarter is invested in an account that earns a nominal annual interest rate of 12% compounded monthly, how much money will be in the account at the end of 6 years? The account will have $ ?
- How long before a scheduled payment of $3,354 will a payment of $3,018 be economically equivalent?Assume money is worth 4.25% compounded quarterly. Round your answer to the nearest month.What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is paid in seven years by payments of $2,000 made at the end of every six months?What will deposits of $470.00 made at the end of each month amount to after seven years if interest is 10.8% compounded monthly?