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- Compute the number of years (t) if future value (FV) = $13514, present value (FV) = $1186, and interest rate (r) = 11.8%,.You want to invest an amount today that will last for 5 years and allow you to withdraw $555 at the end of each 6-month period. You earn 4% APR compounded semiannually on your investment. How much do you need to invest today to achieve your goal?Compute the present value if future value (FV) = $6127, interest rate (r) = 8.2%, and number of years (t) = 13.
- Jane Doe plans to make twelve end-of-month payments of $17,000each on a short term investment account. The account earns a monthly interest rate of 3%. a. What is the present worth (i.e.,P0) of these payments? b. Repeat Part (a) but assuming that they are beginning-of-month payments.4) You collect rent from your tenant at the beginning of each month. Rent is $1250 in the first year, and then rent for each subsequent year is 2% larger than the previous year's rent. If you invest each month's rent (immediately after you get rent) into an account earning 4% effective annual interest then find the accumulated value after 30 years.You will deposit 11,922 at 10% compound interest for 6 years, and then move the amount you would receive to an investment account at 14% simple interest for another 3 years. How much money would you have at the end of the entire period?
- A milling machine can be bought with a downpayment of 178,901 and equal installment of 16,593 each paid at the end of every quarter for 16 quarters. If money is worth 20 % cpd. quarterly, find the equivalent cash price of the machine.For services rendered, an attorney accepts a 90-day note for $4,400 at 9% simple interest from a client. (Both interest and principal are repaid at the end of 90 days.) Wishing to use her money sooner, the attorney sells the note to a third party for $4,450 after 60 days. What annual interest rate will the third party receive for the investment? The third party will receive an annual interest rate of %???? (Type an integer or decimal rounded to two decimal places as needed.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Question 3 A charity organization will donate for the education of indigent students. The donation will be spent as follows: P1260154 annually for each of the 1st five years; P2440221 annually for each of the next five years; and P3388889 annually thereafter. The funding will begin one year after the organization is established. If the money earns 20% cpd. quarterly, what is the amount of the donation? Add your answer
- Compute the interest rate if future value (FV) = $11461, present value (FV) = $3959, and number of years (t) = 8.7. Sarah borrows some money to buy a new car. The car dealership allows her to defer payments for 12 months, and Sarah makes 60 end of month payments thereafter. If the original loan is $15321 and interest is 0.75% per month, how much will Sarah's monthly payment be? • $697 $627 $349 $279 $418A friend of yours bought a new sports car with a $5,000 down payment plus a $26,000 car loan that is financed at an interest rate of 0.25% per month for60 months. a. Calculate the required monthly loan payment on the car. b. How much does your friend still owe on the car loan immediately after she makes the 24th monthly payment? c. If, after the 24th payment, she decides to pay $300 more each month, how many months will it take her to payoff the remaining loan she owes? a) The required monthly Payment is $ (round to nearest cent) b. Your friend still owes on the car loan. (Round to the nearest dollar.) c. It will take her months. (Round-up to the nearest month)