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answer all of them thank you A debt of $41,000 is repaid over 12 years with payments occurring monthly. Interest is 3% compounded quarterly. (a)
answer all of them
A debt of $41,000 is repaid over 12 years with payments occurring monthly. Interest is 3% compounded quarterly. (a) What is the size of the periodic payment? (b) What is the outstanding principal after payment 21? (c) What is the interest paid on payment 22? (d) How much principal is repaid in payment 22? (a) The size of the periodic payment is \$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Donny has paid $19,000 for a retirement annuity from which he will receive $1,626 at the end of every theee months. The payments are deferred for 15 years and interest is 7 . compounded quarterly. (a) How many payments will Donny receive? (b) What is the size of the final payment? (c) How much will Donry receive in total? (d) How much of what he receives will be interest? (a) Donny will receive payments. (Round up to the nearest whole number.) The Superior Tool Company is repaying a debt of $16,000 by payments af $1000 made at the end of every three months. Interest is 7.5% compounded monthly. (a) How many payments are needed to repay the debt? (b) What is the size of the final payment? (a) The number of payments to be made is (Round up to the nearest whole number.) thank you
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