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An investment makes payments of $929 at the beginning of each month for 1 year.The rate or return of the investment is 3.76% compounded monthly.
- An investment makes payments of $929 at the beginning of each month for 1 year.The rate or return of the investment is 3.76% compounded monthly. What is the present value of this investment?
- An investment makes payments of $2327 at the beginning of each month for 1 year.The rate or return of the investment is 4.39% compounded monthly.What is the future value of this investment?
- An investment makes payments of $544 at the start of each year for 100 years.The rate or return of the investment is 5.5% compounded quarterly.What is annually compounded rate of interest which is equivalent to 5.5% compounded quarterly?
- An investment makes payments of $681 at the start of each year for 100 years.The rate or return of the investment is 4% compounded quarterly. What is the present value of this investment?
- An investment makes payments of $445 at the start of each year for 100 years.The rate or return of the investment is 6% compounded quarterly. What is the future value of this investment?
- You pay $1205 at the beginning of each month for rent.Instead, you are going to purchase a house.You are going to make a 9% down payment and the remainder will be paid through a 25 year mortgage with payments made at the beginning of each month.You may assume 6.17% compounded semi-annually as the rate of interest. What is the monthly compounded rate of interest that is equivalent to 6.17% compounded semi-annually?
- You pay $991 at the beginning of each month for rent.Instead, you are going to purchase a house.You are going to make a 19% down payment and the remainder will be paid through a 25 year mortgage with payments made at the beginning of each month.You may assume 4.99% compounded semi-annually as the rate of interest. How much money must you borrow for your mortgage?
- You pay $800 at the beginning of each month for rent.Instead, you are going to purchase a house.You are going to make a 12% down payment and the remainder will be paid through a 25 year mortgage with payments made at the beginning of each month.You may assume 3.91% compounded semi-annually as the rate of interest. What did you pay for your house?
- You contribute $1810 at the beginning of each year to your child's college fund.Your bank pays you a rate of 3.77% per year compounded semi-annually on the account.What is the annually compounded rate of interest that is equivalent to 3.77% compounded semi-annually?
- You contribute $1988 at the beginning of each year to your child's college fund.Your bank pays you a rate of 4.38% per year compounded semi-annually on the account.How much is in the account in 17 years?
- You contribute $1781 at the beginning of each year to your child's college fund.Your bank pays you a rate of 5.88% per year compounded semi-annually on the account.How many years from today will be the first time the account has at least $70000?No units are required.
- If an investment pays 6.88% per year compounded quarterly, what is the effective interest rate?
- Suppose an investment pays a rate of 7% compounded quarterly, what is the equivalent monthly compounded rate?
- An investment makes payments of $4143.32 at the end of each month for31 months.The rate or return of the investment is 5.13% compounded monthly. what is the present value of this investment?
- An investment makes payments of $4971.95 at the end of each month for31 months.The rate or return of the investment is 6.44% compounded monthly. hat is the future value of this investment?
- An investment makes payments of $1070.32 at the end of each year for27 years.The rate or return of the investment is 4.82% compounded annually.what is the present value of this investment?
- An investment makes payments of $1878.15 at the end of each year for30 years.The rate or return of the investment is 4.51% compounded annually.what is the future value of this investment?
- You purchase a car valued at $33149.Your payments are $640.89 per month.Assume a rate of interest of 5.31% per year compounded quarterly. What is the monthly compounded equivalent rate to 5.31% per year compounded quarterly?
- You purchase a car valued at $35357.Your payments are $642.17 per month.Assume a rate of interest of 4.07% per year compounded quarterly. How many month end payments are required to pay off the car?
- You contribute $7179.46 at the end of each year to your RRSP.Your bank pays you a rate of 6.21% per year compounded semi-annually on the RRSP.This continues for 27 years. What is the annually compounded equivalent rate to 6.21% compounded semi-annually?
- You contribute $7319.21 at the end of each year to your RRSP.Your bank pays you a rate of 5.23% per year compounded semi-annually on the RRSP.How much do you have saved for retirement after 30 years?
- You contribute $6671.55 at the end of each year to your RRSP.Your bank pays you a rate of 5.8% per year compounded semi-annually on the RRSP.How many TOTAL contributions until your RRSP exceeds $500,000?
- Annette has just purchased a new home for $709972.She put 25% down and is paying the remainder off in bi-weekly instalments over the next26 years.The rate of interest on her mortgage is 4.69% per year compounded semi-annually. What is the bi-weekly compounded rate of interest that is equivalent to 4.69% compounded semi-annually?
- Annette has just purchased a new home for $570440.She put 25% down and is paying the remainder off in bi-weekly instalments over the next24 years.The rate of interest on her mortgage is 6.08% per year compounded semi-annually. How large are her bi-weekly payments?
- Annette has just purchased a new home for $553019.She put 25% down and is paying the remainder off in bi-weekly instalments over the next22 years.The rate of interest on her mortgage is 5.82% per year compounded semi-annually. What was the total amount of interest paid on the mortgage?
- You purchase a car worth $32678 and make a down payment of $4424.You intend to repay the balance of the car with month end car payments of $303 for 5 years and a final "buyout" at the end of 5 years.Money can earn 5.47% compounded semi-annually. What is the monthly compounded rate of interest that is equivalent to 5.47% compounded semi-annually?
- You purchase a car worth $26803 and make a down payment of $3115.You intend to repay the balance of the car with month end car payments of $324 for 5 years and a final "buyout" at the end of 5 years.Money can earn 4.51% compounded semi-annually. What isvalue of your car loan in terms of dollars in 5 years?
- You purchase a car worth $30255 and make a down payment of $3950.You intend to repay the balance of the car with month end car payments of $329 for 5 years and a final "buyout" at the end of 5 years.Money can earn 5.56% compounded semi-annually. What is the value of your car loan repayments in terms of dollars in 5 years?
- You purchase a car worth $32393 and make a down payment of $3250.You intend to repay the balance of the car with month end car payments of $321 for 5 years and a final "buyout" at the end of 5 years.Money can earn 4.4% compounded semi-annually. What is the value of the final buyout?
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