Acme Annuities recently offered an annuity that pays 6.6%
compounded monthly. What equal monthly deposit should...
Acme Annuities recently offered an annuity that pays 6.6%
compounded monthly. What equal monthly deposit should be made into
this annuity in order to have $183,000 in 17years?(Round to the
nearest cent.)
Recently, More Money 4U offered an annuity that pays 6.3 %
compounded monthly. If $ 1,576 is deposited into this annuity every
month, how much is in the account after 4 years? How much of this
is interest?
1. Type the amount in the account:$
2.Type the amount of interest earned: $
Recently, More Money 4U offered an annuity that pays 6.3 %
compounded monthly. If $ 1,774 is deposited into this annuity
every month, how much is in the account after 4 years? How much
of this is interest?
Type the amount in the account:$
Type the amount of interest earned:$
Recently, More Money 4U offered an annuity that pays 6.0 %
compounded monthly. If $1,828 is deposited into this annuity every
month, how much is in the account after 11 years? How much of this
is interest?
Type the amount in the account: (Round to the nearest
dollar.)
Type the amount of interest earned: (Round to the nearest
dollar.)
Recently, More Money 4U offered an annuity that pays 5.4%
compounded monthly. If $2,278 is deposited into this annuity every
month, how much is in the account after 9 years?How much of this is
interest?
1. If you deposit $8,177 in a bank account that pays 7% interest
compounded monthly, how much will be in your account after 8 years?
Please round your answer to the second decimal without dollar sign
(e.g. 0.00)
2. If you deposit your money in a bank account that pays 8.66%
interest compounded weakly, what is the effective annual rate
(EAR)? Please round your answer to the fourth decimal (e.g.
0.0000)
3. If you plan to apply for a PhD...
ou have an account that pays 3% annual interest compounded
monthly. You make an initial deposit, and then withdraw $170 at the
end of each month for 6 years. At that time you make a second
deposit of $9000, and then withdraw $250 at the end of each month
for the following 8 years, ending with a zero balance. What is your
initial deposit?
A family has a $ 144447 , 20 -year mortgage at 6.6 % compounded
monthly. Find the monthly payment. Also find the unpaid balance
after 5 years and after 10 years.
Monthly payments on a $165,000 mortgage are based on an interest
rate of 6.6% compounded semiannually and a 30-year amortization. If
a $5000 prepayment is made along with the thirty-second payment:
(Do not round the intermediate calculations.)
a. How much will the amortization period be shortened? (Round UP
to the next whole number.)
The amortization period will be shortened by years and
month(s).
b.What will be the principal balance after four years? (Round
your answer to two decimal...
A $40,000 mortgage loan charges interest at 6.6% compounded
monthly for a four-year term. Monthly payments were calculated for
a 15-year amortization and then rounded up to the next higher
$10.
a) What will be the principal balance at the end of the first
term?
b) What will the monthly payments be on renewal for a
three-year term if it is calculated for an interest rate of 7.2%
compounded monthly and an 11-year amortization period, but again
rounded to the...