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if anyone could help me show work from 32-36, it would be much appreciated. I also provided an answer key if that makes things easier,
if anyone could help me show work from 32-36, it would be much appreciated. I also provided an answer key if that makes things easier, Thanks! 32. For the next 15 years, Harry will receive the income from an annuity of $200,000. The income will be at the rate of 8% per year. At the end of 15 years, the principle of the annuity will be paid to him. What is the present worth of these benefits to Harry at a discount rate of 12%? 33. What is the present worth of the benefits in the problem above if they do not begin for 10 years? 34. Your monthly mortgage payment on your home is $545.22. The interest rate on the mortgage is 10 percent and the mortgage term is 25 years. What was the original amount of the mortgage? How much interest will you pay over the life of the mortgage if it is held to maturity? I Highlight Rotate Markup Search 35. You are planning to purchase a home for $100,000. You can obtain an 80% mortgage for 25 years at 10 percent. How much will your monthly payment be? 36. A few years ago, a regional lender advertised on T.V. in New England, that you could borrow $10,000 with level monthly payments of $131.68 over 20 years. At what rate of interest were you being ripped off? 32. $145,513 33. $46,851 34. $60,000; 103,566 35. $726.95 I 36. 15% 37. This problem can be solved in s 23(12) 9.5 (+ 12)
if anyone could help me show work from 32-36, it would be much appreciated. I also provided an answer key if that makes things easier, Thanks!
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