Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me please no need for solution just need right answer Question 10 5 Points The formula for the Present Value of Deferred Annuity is

image text in transcribed

help me please no need for solution just need right answer

image text in transcribedimage text in transcribed
Question 10 5 Points The formula for the Present Value of Deferred Annuity is P= A 1-(1+ 0% ] 7+0 ( 1 + 1 ) - * A True B False Question 11 5 Points Larry invested $12,000 at an interest rate of 10.18% for 4 years. If the amortization schedule needs to be constructed, what is the Payment to Principal for the fourth period? A $3, 117.32 B $2,813.29 C $2,296.58 D $3,449.27 Question 12 5 Points Find the present value of an ordinary annuity which has deposits of $10,279 semi-annually for 5 years at 7.6% compounded semi- annually. $92,088.12 $72,162.40 $90,315.59 $84,208.20- .. .. . In constructing the amortization schedule, the Principal at the Beginning for the second period is calculated by subtracting the Payment to Principal for the first period from the Principal at the Beginning for the first period as well. A True B False 8 Larry invested $12,000 at an interest rate of 10.18% for 4 years. If the amortization schedule needs to be constructed, what is the Interest Amount for the third period? A $572.09 $1,462.67 C $959.08 D $669.83 9 Robert borrowed $28,372.63 from the bank, which needs to be paid with the amount of $404.21 at the beginning of every period compounded monthly, at an interest rate of 5.94%. What is the duration of this annuity? A 5.07 years 4.98 years C 7.16 years D 6.22 years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Physics For Scientists And Engineers With Modern Physics

Authors: Raymond A Serway, John W Jewett

10th Edition

133767172X, 9781337671729

More Books

Students also viewed these Mathematics questions