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# HW-1191 Time Value of Money

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 on email.

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 on email.