After deducting the 20.10% withholding tax on interest income, a 110,000 time deposit for 31 days earns 890.41 at maturity. Calculate the annual interest rate.
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- Jill bought a $680 rocking chair. The terms of her revolving charge are 1.5% on the unpaid balance from the previous month. If she pays $100 per month, complete a schedule for the first 3 months. Be sure to use the U.S. Rule. (Round your final answers to the nearest cent.) Monthly payment number Outstanding 1.5% interest Amount of Reduction in Outstanding balance due balance due payment monthly payment balance due 2 3 Mc Graw Hill A Prev 2 of 15 Next > MacBook Air 44 DII V10 18 F7 F6 F10 F4 FG 19 F3 27 F2 * & @ #3 %24 4. 6. 1 T Y Q W J K F G S C V com < CO A.13. Darren claims an eatery and needs to decide his normal income over a long- term period. After all expenses were paid, his yearly pay was as per the following: Year Amount = $7,150 1970 1971 7,335 1972 6,520 %3D 1973 6,600 1974 6,600 1975 7,025 1976 7,810 Total for 7 years = $49,040. Find his average yearly income.5:32 A O N 23% ( Title A man purchased a car with a cash price of P350,000. He was able to negotiate with the seller to allow him to pay only a down payment of 20% and the balance payable in equal 48 end of the month installment at 1.5% interest per month. Once the day he paid the 20th installment, he decided to pay the remaining balance. What is the remaining balance that he paid? (10 points) 1/1 ET T 17 II
- out of Sam got a job at the Brick. He plans to save $500 every month for 3 years to buy a car. The savings account earns 2.25% compounded monthly. If he puts the money in his savings account at the end of each month, how much interest is included in the future value of the annuity? Select one: OA $18 000.00 OB.$18 603.37 OC $603.37 D. $408.04 OE$18.408.04 Clear my choiceOrdinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream: Number of Payments or Years 6 21 33 15 Annual Interest Rate 9% 4% 6% 10% Future Value $0.00 $24,000.00 $0.00 $98,433.34 Annuity (Round to the nearest cent.) $ (Round to the nearest cent.) $(Round to the nearest cent.) (Round to the nearest cent.) Present Value $24,000.00 $0.00 $150,000.00 $0.00I 16. JR Industries has a bond outstanding with 30 years to maturity, an 6.0% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 5.50% nominal yield to maturity, but it can be called in 5 years at a price of $1,050. What is the bond's nominal yield to call (YTC)?
- Using the following spot rates for the following 4 strips of a 2-year semi-annual 3% coupon T-Note, what would you expect the YTM of this bond to be? Term Spot Rate 6 manth 6.19 12 month 851% 18 month 9.50% 24 month 9.54% 4.7G6 8.94% • 8.32% 9.52% • 14.63% Show transcribed image textUsing Table 11-1, compute the amount of compound interest (in $) earned in 1 year and the annual percentage yield (APY) for the investment. (Round your answers to two decimal places.) Principal NominalRate (%) InterestCompounded Compound InterestEarned in 1 Year Annual PercentageYield (APY) $33,000 12 monthly $ %At the time of retirement, a couple has $200,000.00 in an account that pays 8.4%compounded monthly. If they decide to withdraw equal monthly payments for 10 years, at the end of which time the account will have zero balance, how much shouldthey withdraw each month?
- 8. A man borrowed an amount of S10,000 to a bank. The bank agreed considering that theinterest rate is 5% annually. Determine the amount that the man paid the bank if heborrowed last January 01, 1900. The man paid the bank dated November 30, 1900. Useexact simple interest.A grocery store sells for $181,500 and a 20% down payment is made. A 35-year mortgage at 6% is obtained. Compute an amortization schedule for the first 3 months. Round your answers to two decimal places, if necessary. The value of the mortgage is $145,200 and the monthly payment is $827.64. Part 1 of 3 Payment number Interest Payment on Principal Balance of Loan 1 $ $ $ Part 2 of 3 Payment number Interest Payment on Principal Balance of Loan 2 $ $ $ Part 3 of 3 Payment number Interest Payment on Principal Balance of Loan 3 $ $ $can you help me with this qustion An account was opened with $1,000 three years ago. Today, the account balance is $1,150.30. If theaccount earns simple interest, how long will it take until the account has earned a total of $501 ininterest?