Question
An investment makes payments of $1609 at the beginning of each month for 1 year. The rate or return of the investment is 6.78% compounded
An investment makes payments of $1609 at the beginning of each month for 1 year. The rate or return of the investment is 6.78% compounded monthly.
What is the present value of this investment?
An investment makes payments of $1280 at the beginning of each month for 1 year. The rate or return of the investment is 5.99% compounded monthly.
What is the future value of this investment?
What payment amount, made at the start of each month for 10 years, will produce a total of $29541 if interest is earned at the rate of 4.1% compounded semi-annually?
Wallace takes out a mortgage on his house for $208112. He agrees to beginning of the month payments of $2825 at an interest rate of 5% compounded weekly. How long in years (round to two decimal places), will it take for Wallace to pay off his mortgage?
Assignment needs to be submitted by 11:59pm.
Need ASAP please!!
Thank you! :)
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