savings account pays an interest rate of 6%, compounded annually. A deposit of $1,000 will have rown to a year from now. O$1,006 O $1,600 O $1,060 $1,000.60
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- You want to buy a $50,000 car. You can finance the car for 0.9% interest for 5 years. You decide to pay $1000 per month toward the loan, paying slightly over your payment amount. How many months will it take to pay off your loan? Assume monthly compounding. Round to zero decimal places (since you only make 1 payment per month).QUESTION 4 You will deposit 18,285 at 10% simple interest rate for 6 years, and then move the amount you would receive to an investmen. account at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?The payment for a certain loan was arranged such that Dino will pay $5,500 every month for the first 7 months; no payments for the next 5 months; then the monthly payments of $5,500 will continue for another 18 months. If the settlement rate is 1.5% compounded monthly, then the present value of the payments is Blank 1. Blank 1 Add your answer
- Determine the present worth of annuity consisting of 6 payments of 120,000 each payment are made at the beginning of each year. Money is worth to 15% compounded annually. What problem is all about? A. Ordinary B. Annuity due C. DeferredChris makes a deposit of $500 into his savings account at the beginning of each year for the next 20 years. If the account earns 5% interest rate per year compounded annually, what will be the future value at the end of 20 years?Need to calculate.You buy a car for $27000. You get a loan at 7% interest compounded yearly. You will have 60 equal monthly payments of 5543.63 each month. How much total interest will you have payed on the car loan once all of your payments are complete..
- Find the future value and total interest of the annuity. (Round to the nearest cent as needed.) Annuity type Periodic payment Annual interest rate Payment paid Years Ordinary annuity $2,100 6% Quarterly 3 Future Value of $1.00 Ordinary Annuity Rate per period Periods 0.25% 0.50% 0.75% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 1 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2 2.002 2.005 2.008 2.010 2.015 2.020 2.025 2.030 2.035 2.040 3 3.008 3.015 3.023 3.030 3.045 3.060 3.076 3.091 3.106 3.122 4 4.015 4.030 4.045 4.060 4.091 4.122 4.153 4.184 4.215 4.246 5 5.025 5.050 5.076 5.101 5.152 5.204 5.256 5.309 5.362 5.416 6 6.038 6.076 6.114 6.152 6.230 6.308 6.388 6.468 6.55 6.633 7 7.053 7.106 7.159 7.214 7.323 7.434 7.547 7.662…The payment for a certain loan was arranged such that Dino will pay $5,500 every month for the first 7 months; no payments for the next 5 months; then the monthly payments of $5,500 will continue for another 18 months. If the settlement rate is 1.5% compounded monthly, then the amount of the payments at the end of the term is Blank 1. Blank 1 Add your answerout 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 choice
- A man deposits P 1,000 at the end of each month for 3 years at a nominal rate of 12% compounded monthly. Compute the future worth of all his payments at the end of 3 years.Pepper Roark deposits $3,000 in a savings account. The money is left on deposit earning 3.75% compounded annually. Calculate the account balance at the end of 5 years.Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest, compounded continuously. What is the balance after 9 years?