Statistics

Find the present value of an ordinary annuity with payments of 317.452 semiannually for 5 years at 9.2% compounded semiannually. What is the present value? Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $200,000 at 7.03% for 30 years The monthly payments are: The total amount paid on the loan is: The total amount of interest paid is: Find the monthly house payments necessary to amortize the following loan. Then calculate the total payments and the total amount of interest paid. $204000 at 7.04% for 30 years The monthly payments are: The total amount paid on the loan is: The total amount of interest paid is: A new empioyee charged $4660 on his credit card to relocate for his rst job. Alter noticing that the interest rate for his balance was 27% compounded monthly. he stopped charging on that account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make to pay off the account at the end of 2 years? b. How much total interest will he have paid