4-62. A father wants to sei up a bank account that will pay his daughter 518.000 at the end quartet (FOQ) 4 and $32.000 at EOQ 8. He will fund this account by making quarterly payments of SX from the present time Pem) through FQ7. a ) Draw a cash-flow diagram from the father's viewpoint b). If the quarterly percentage rate is 25, what is the value $X that must be deposited into the account?

4-95. A person has made an arrangement to borrow $1,000 mw and another 51.000 we years hence. The entire obligation is to be repaid at the end of four years. If the proxected interest rates in years one, two, three, and four are 104, 124, 125, and 14%, respectively, how much will be repaid as a lump sum amount at the end of four years? (4.13)

4-99. a. What is the effective annual interest rate when a nominal rate of 12% per year is compounded monthly? b. How many months does it take for a present sum of money to double if the nominal interest rate is 12% per year and compounding is monthly? ellow many months does it take for a present sum of money to triple if the nominal interest rate is 125 per year and compounding is monthly? III

4-62. A father wants to set up a bank account that will pay his daughter 518.000 at the end quartet (EOQ) 4 and $32.000 at EOQ 8. He will fund this account by making quarterly payments of SiX from the present (time zero) ( EoQ)7. a Draw a cash-flow diagram from the father's viewpoint b. If the quarterly percentage rate is 25, what is the value $X that must be deposited into the account? ....................................................................

4-95. A person has made an arrangement to borrow $1,000 mw and another 51.000 to years hence. The entire obligation is to be repaid at the end of four years. If the proxected interest rates in years one, two, three, and four are 10%, 12%, 12%, and 14%, respectively, how much will be repaid as a lump sum amount at the end of four years? ....................................................................

4-99. a. What is the effective annual interest rate when a nominal rate of 12% per year is compounded monthly? b. How many months does it take for a present sum of money to double if the nominal interest rate is 12% per year and compounding is monthly?

how many months does it take for a present sum of money to triple if the nominal interest rate is 12% per year and compounding is monthly?

4-62. A father wants to sci up a bank account that will pay his daughter 5 18.00 at the end quartet (FOQ) 4 and $32,000 at ECO 8. He will fund this account by making quarterly payments of SX from the present time zer) through FOXQ7. a Draw a cash-flow diagram from the father's viewpoint. b. If the quarterly percentage rate is 28, what is the value $X that must be deposited into the account? 4-95. A person has made an arrangement to borrow $1,000 ruw and another 51.000 twee years hence. The entire obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and lour are 10%, 12%, 12% and 14%, respectively, how much will be repaid as a lump sum amount at the end of four years? (4.13) 4-99 a. What is the effective annual interest rate when a nominal rate of 12% per year is compounded monthly? b. Llow many months does it take for a present sum of money to double if the nominal interest rate is 12% per year and compounding is monthly? llow many months does it take for a present sum of money to triple if the nominal interest rate is 129 per year and compounding is monthly? 4-62. A father wants to sci up a bank account that will pay his daughter 5 18.00 at the end quartet (FOQ) 4 and $32,000 at ECO 8. He will fund this account by making quarterly payments of SX from the present time zer) through FOXQ7. a Draw a cash-flow diagram from the father's viewpoint. b. If the quarterly percentage rate is 28, what is the value $X that must be deposited into the account? 4-95. A person has made an arrangement to borrow $1,000 ruw and another 51.000 twee years hence. The entire obligation is to be repaid at the end of four years. If the projected interest rates in years one, two, three, and lour are 10%, 12%, 12% and 14%, respectively, how much will be repaid as a lump sum amount at the end of four years? (4.13) 4-99 a. What is the effective annual interest rate when a nominal rate of 12% per year is compounded monthly? b. Llow many months does it take for a present sum of money to double if the nominal interest rate is 12% per year and compounding is monthly? llow many months does it take for a present sum of money to triple if the nominal interest rate is 129 per year and compounding is monthly