Q.14

Find the unpaid balance on each debt (you should already know the payments from Exercises 712). 13. After 6 years of monthly payments on $100,000 at 5% for 25 years. 14. After 15 years of monthly payments on $125,000 at 5.4% for 20 years. 15. After 2 years 11 months of monthly payments on $6000 at 6% for 5 years. 16. After 3 years of annual payments on $50,000 at 8.2% for 10 years. 17. After 2 years 3 months of quarterly payments on $14,500 at 12.7% for 6 years. 18. After 2 years of weekly payments on $2500 at 18% for 3 years. the term, less than half of the S15000 loan is paid off. 2.4 Exercises 11. Quarterly payments on $14,500 at 12.7% for 6 years. 12. Weekly payments on $2500 at 18% for 3 years. Calculate the present value of each annuity. 1. $15,000 annually at 7% for 10 years. 2. $18,000 annually at 6% for 15 years. 3. $10,000 semiannually at 11% for 7 years. 4. $3000 quarterly at 8% for 8 years. 5. $1400 monthly at 6.9% for 30 years. 6. $25 weekly at 7.7% for 6 years. Determine the payment to amortize each debt. 7. Monthly payments on $100,000 at 5% for 25 years 8. Monthly payments on $125,000 at 54% for 20 years. 9. Monthly payments on $6000 at 6% for 5 years. 10. Annual payments on $50,000 at 8.2% for 10 years. Find the unpaid balance on each debt (you should already know the payments from Exercises 7-12). 13. After 6 years of monthly payments on $100,000 at 5% for 25 years. 14. After 15 years of monthly payments on $125,000 at 5.4% for 20 years. 15. After 2 years 11 months of monthly payments on $6000 at 6% for 5 years. 16. After 3 years of annual payments on 550,000 at 8.2% for 10 years. 17. After 2 years 3 months of quarterly payments on $14,500 at 12.7% for 6 years. 18. After 2 years of weekly payments on $2500 at 18% for 3 years APPLIED EXERCISES 19. Contest Prizes The super prize in a contest is (10 million This price will be paid out in 20. Grant Funding In September 1994, the New York City public schools system was awarded om the