What cash payment is equivalent to making payments of $944.00 at the end of every six months for 9 years if interest is 9% per annum compounded quarterly?
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What cash payment is equivalent to making payments of $944.00 at the end of every six months for 9 years if interest is 9% per annum compounded quarterly?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?What sum of money now is equivalent to $9500 three years later, if interest is 3% per 6-month period?If $12000 per quarter is invested in an account that earns a nominal annual interest rate of 11 % compounded monthly, how much money will be in the account at the end of 6 years? round to nearest dollar
- How many semi-annually payments will it take for $550.00 deposited at the end of each half year to amount to $12500.00 at 6% compounded monthly?What is the present equivalent of a uniform series of annual payments of 64000 USD each for six years if the interest rate, compounded continuously, is 9%?What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 8.6%, compounded semiannually, so that the account will have a future value of $170,000 at the end of 20 years? (Round your answer to the nearest cent.)$_____
- What amount of money is equivalent to receiving $10,000 three years from today, if interest is compounded quarterly at the rate of 3.5% per quarter?What is the present value of a stream of monthly payments of $500 each over 10 years, if the interest rate is 10% per annum, compounded monthly.If $12,000 per quarter is invested in an account that earns a nominal annual interest rate of 12% compounded monthly, how much money will be in the account at the end of 6 years? The account will have $ ?
- How long before a scheduled payment of $3,354 will a payment of $3,018 be economically equivalent?Assume money is worth 4.25% compounded quarterly. Round your answer to the nearest month.What is the nominal annual rate of interest compounded quarterly if a loan of $21,500 is paid in seven years by payments of $2,000 made at the end of every six months?What will deposits of $470.00 made at the end of each month amount to after seven years if interest is 10.8% compounded monthly?
