Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem.
PV=$7000; i=0.025; PMT=$450; n =
Round up to the nearest integer
Solve the following problem. PV=$23, 310; n=78 i=0.026; PMT=?
Round up to two decimal places
Solve the following problem
N=18; i=.032; PMT=$261; PV=?
PV=$
Find I (the rate per period) and n(the number of periods) for the following loan at the given annual rate. Semiannual payments of $4400 are made for 14 years to repay a loan at 4.25% compounded semiannually.
I= type an integer or decimal rounded to four decimal places as needed
Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate.
Quarterly payments of $700 are made for 10 years to repay a loan at 9.1% compounded quarterly.
I= type an integer or decimal
Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate.
Annual payments of $3900 are made for 18 years to repay a loan at 7.4% compounded annually.
i= type an integer or a decimal
Find i (the rate per period) and n (the number of periods) for the following loan at the given annual rate. Monthly payments of $312.10 are made for 9 years to repay a loan at 10% compounded monthly.
i= type an integer or decimal rounded to four decimal places as needed
a company estimates that it will need $159,000 in 16 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 4.8% compounded monthly, how much should each payment be?
The amount of each payment should be $
Round to the nearest cent
Use the Future value formula to find the indicated value.
FV=7,000 i=0.02 PMT= $800 n=?
Round to the nearest integer as needed
Recently More Money 4U offered an annuity that pays 5.7% compounded monthly. If $1989 is deposited into this annuity every month, how much is in the acount after 4 years. How much is interest?
Type the amount in the account?
Type in the amount of interest?
In order to accumulate enough money for a down payment on a house a couple deposits $429 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much will be in the account after 4 years.
Tye the amount in the account?
Round to nearest dollar
Acme Annuities recently offered an annuity that pays 3.6% compouned monthly. What equal monthly deposit should be made into this annuity in order to have $157,000 in 15 years.
The amount of each deposit should be?
Round to nearest cent.
Answer will be sent by email as attachment.
