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1 of 9 Catherine purchased a machine for $45,000 using a 9 year loan at 5.10% compounded semi-annually. If the first payment was made one
1 of 9 Catherine purchased a machine for $45,000 using a 9 year loan at 5.10% compounded semi-annually. If the first payment was made one month from when she purchased the machine, what is the size of the monthly payments? I Round to the nearest cent Question 2 of 9 Li Jun's retirement fund has an accumulated amount of $45,000. If it has been earning interest at 4.10% compounded monthly for the past 17 years, calculate the size of the equal payments that she deposited at the beginning of every 3 months. Round to the nearest cent Question 8 of 9 Inch Inc. took a loan of $1,550,000 to build a new office. Calculate the quarterly compounding interest rate charged on the loan if $56,576.13 was repaid at the beginning of every 6 months and the loan was paid off in 20 years. % Round to two decimal places. Question 3 of 9 Daniel contributed equal deposits at the end of every month for 2 years into an investment fund. She then decided to stop making payments and left the money in the fund to grow for another 5 years. The fund was earning 4.14% compounded monthly for the entire period and the accumulated amount at the end of the term was $90,000. a. Calculate the amount in the fund at the end of 2 years. Round to the nearest cent A -> Question 3 of 9 a. Calculate the amount in the fund at the end of 2 years. Round to the nearest cent b. Calculate the size of the periodic deposits into the fund. Round to the nearest cent Question 6 of 9 Diana made regular equal deposits into a savings account at the end of every month for 4 years. The investments were earning 6.30% compounded quarterly and grew to $13,000 at the end of 4 years. a. Calculate the size of the month-end deposits. Round to the nearest cent Round to the nearest cent Question 6 of 9 b. How long will it take for the $13,000 to accumulate to $37,800 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? years months Express the answer in years and months, rounded to the next payment period 4
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