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The correct answers to the problems are provided and circled, I need the work that shows how we got these answers. Financial calculators and excel
The correct answers to the problems are provided and circled, I need the work that shows how we got these answers. Financial calculators and excel are not allowed. I need step by step workouts of each problem. Thank you!
Payment or are placed into an account which can 10 compounded quarterly Determine the amount after years. (519,260.11 ) 2. Monthly payments or 10 were made the end of each month for three years to settle a loan. If the interest rate on the loan was compounded monthly determine the amount of the loan the borrower received 13191.18) 3. To buy a brand new car, 60 monthly payments of $325.00 will be needed to settle the car los with a 54500 down payment. Determine the price of the cur if the interest rate is 8.7% compounded monthly. (520,266.70 4. Beginning on April 2013 and ending on October 1, 2017, seminmaal deposits of STS tre mate into account which camed 1.6% compounded semiannually. Determine the balance on October 1, 2017 19.15 5. Quarterly payments of S125 are deposited into an account which cars 7.6% compounded quarterly. The payments began on June 1, 2012 and ended on December 1, 2018. Determine the balance on December 1, 2018 (54357.07 ) 6. Beginning on January 1, 2016, twelve monthly payments of 275 were scheduled to be made to settle fom. The borrower decided to make only one payment on September 1, 2016 to settle the loan. If the rate on the lone was compounded monthly determine the size of the single payment (33363.74 7. One investor wants to deposit $1000 at the end of every year into an account for 40 years beginning one year from now. Determine how much a second investor needs to deposit now in order to come the same sum after 40 years as the first investor can if money can earn 3.4annually. ($11.432.10) 8. A new car costs $24,500. A promising buyer wants to pay $6,000 down and make monthly payments for five nounded monthly determine the size of the monthly paymentsStep by Step Solution
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