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Answer all questions correctly 1) Find the present Value OF an annuity of $3000 per year at the end of each OF 10 years after

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Answer all questions correctly

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1) Find the present Value OF an annuity of $3000 per year at the end of each OF 10 years after being deferred For 4 years, if money is worth 51 compounded annually. ( Round your answer to the nearest cent!) 2 A debt of $ 9000 is to be amortized with 12 egoats Semiannual Payments. IF the interest rate is 11010, Companted Semiannually, What is the size of each payment." ( Round your answer to the nearest cent. 3 A homowner planning a kitchen remodeling can afford a $ 900 monthly payment. How much can the homeowner borrow For 3 years at 301, Companded monthly, and Still Stay within the budget? ( Round your answer to the nearest cent. ) 4 ) A $ 14,000 loanis to be amortized For 10years with quarterly payments OF $ 511.78. IF the interest rate is 8.1, Compounded quarterly, What is the Unpaid balance immediately after the Sixth payment? ( Round your answer to the nearest cent $ 5) The problem desribes a debt to be amortized. ( Round your answers to the nearest cent. A man buys a house for $ 330, 000. He makes a $ 150, 000 down Payment and amortizes the rest of the purchase price with Semiannual payments over the next 5 years. The At interest rate on the debt is 9.1., Compounded Semiannually, 10) Find the Size of each payment. (6) Find the total amount paid For the purchase. () Find the total interest paid over the life of the loan

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