If you make quarterly deposits for 3 years into an account that compounds interest at 1% per quarter, the value of n in the F/A factor that will determine F at the end of the 3-year period is:

Q: You are considering taking out a loan of $6,000.00 that will be paid back over 11 years with…

A: Loan amount (L) = $6000 Quarterly payment (Q) = $185.41 r = 5.8% per annum = 1.45% per quarter

Q: You put $1, 000 into a savings account today that offers a 5% APR with semi-annual compounding…

A: Interest rate is the rate that is charged on the money (Principal) lent by the lender to the…

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for four…

A: Quarterly Payment = 4500 Time Period = Number of quarterly payments = 16 quarters Quarterly Payment…

Q: Mrs. Go make deposits that forms a geometric gradient that increases at 6% per month for 1 year. She…

A: Deposit per month is P500 Growth rate of deposits is 6% Interest rate is 12% compounded monthly   To…

Q: To pay off a loan of P1M, it is required that quarterly payments that increase by P1000.00 be made…

A: The cash flow diagram and the amortization schedule: A cash stream refers to a periodic cash inflow…

Q: An initial deposit of $8500 is made into an account now, and a second deposit of $16000 is made into…

A: The future value of any deposits is the compounded value of the deposits made in the specified time…

Q: In the given qustion as follows , consider making monthly deposits of P dollars in a savings account…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: You deposit 54000 in an account that pays 6% interest compounded semiannually After 4 years the…

A: First, calculate value after 4 years:  Future Value (End of 4 years)=Deposit×1+Interest…

Q: What is the amount of 15 equal annual deposits that can provide five annual withdrawals? A…

A: a) Working note:

Q: Assume that you can invest to earn a stated annual rate of return of 12%, but where interest is…

A: The Future Value of annuity is the total value of all the payments which occurred regularly at a…

Q: For an interest rate of 12% compounded annu-ally, determine the following: (a) How much can be lent…

A: Given information: Interest rate of 12% compounded annually, Future value of lump sum amount is…

Q: Commercial bank pays 12% interest and compounds quarterly. If 1000 are initially, how much shall it…

A: Computation:

Q: Assuming that four annual deposits of ($1000) are occurred but the first payment deposit at end of…

A: The annual payments are going to occur will be equivalent to the future value of annual payment that…

Q: If a sum of $3000 is borrowed for six months at 9 percent simple interest per year, what is the…

A: A method of computing interest amounts in which the compounding effect was not considered by the…

Q: You will deposit $2,000 per year for the next 10 years. Then, you will start drawing money out of…

A: Future value is the value of the present cash flows in future. Investor will deposit same equal…

Q: Suppose that $1,000 is invested for 4 years at an interest rate of 12%, compounded quarterly. How…

A: Future Value refers to the value of the current asset or investment or of cash flows at a specified…

Q: If the bank quotes a loan APR of 9% per annum, compounded monthly, what do you have to pay back in 1…

A: Compound interest= P(1+r%/n)^tn Interest rate = 9% Borrow amount= 100

Q: What is the discounted value of ​$844 paid at the end of every three months for 10 years if…

A: Computation:

Q: A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.…

A: Invested amount or principal amount is P1,000 Effective Annual interest rate is 5% Principal is…

Q: you are taking a $100,000 mortgage loan for your business to be repaid over 5 years in equal…

A: Mortgage loan is the loan which is given by keeping something as collateral. This loan is for…

Q: If you deposit $P into a savings account that earns interest at a rate of i% per month for n years,…

A: Since the interest rate is compounded on monthly basis the interest rate will be divided 12, which…

Q: Assume you make monthly deposits of $200 starting 1 month from now into an account that pays 6% per…

A: The interest rate is compounded semi-annually which means the interest rate will be 3% (6%/2) for…

Q: Assume you make a single deposit of $1000 into a savings account that pays interest at 0.5% per…

A: Monthly compound interest relates to the compounding of interest on a monthly basis, which indicates…

Q: Determine the amount of the payment required at the end of each quarter to repay a six-year loan of…

A: Time Value of Money :— According to this concept, value of money in present day is more than the…

Q: A financial institution offers a nominal interest rate of 12% while compounding its accounts…

A: Using excel NPER function

Q: A loan is to be repaid quarterly for 10 years that will start at the end of 3 years. If the interest…

A: Given information: Interest rate : 3% converted quarterly Time period : 10 years Quarterly payment :…

Q: Assume you make monthly deposits of $3,000 now into an account that pays 12% per year, compounded…

A: the quoted interest rate is always annual interest rate. depending on the compounding frequency, we…

Q: Sixty monthly deposits are made into an account paying 6% nominal interest compounded monthly. (…

A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…

Q: If $6000 is invested in an account that pays 3% annual compounded interest, compare the amount in…

A: 1. Semi annual: Future value = Present value *(1+rate)^periods Future value =…

Q: At the end of each quarter, Patti deposits $1,800 into an account that pays 10% interest compounded…

A: Future Value of Annuity = Present Value x [{(1 + i)n - 1} / i]

Q: How much mu Company pay each period to have \$100000 at the end of 9 years? (Round your answer to…

A: Information Provided: Loan amount = $100,000 Interest rate = 6% compounded quarterly Term = 9 years…

Q: Regular equal amounts of R1200 are deposited into a savings account every three months for six…

A: INTRODUCTION Bank provides interest on the deposits which are deposited by individuals. This…

Q: If 2,000 is invested at an interest rate at 8% compounded annually for 3 years, find the compound…

A: Interest means the extra amount which we received because of investment made and will be paid in…

Q: What is the monthly effective interest rate? [ Select ] If the objective of these deposits is to…

A: Time period = 60 months  Nominal interest rate = 6%  Compounded monthly basis

Q: A loan is to be repaid quarterly for 9 years that will start at the end of 4 years. If the interest…

A: Quarterly payment (Q) = 10000 First payment starts after 16 quarters. Number of payments (n) = 36…

Q: For an interest rate of 12% compounded annually, determine the following: (a) How much can be lent…

A: Present value is calculated by discounting the future cash flow at the given discount rate. While,…

Q: What is the future worth of a series of equal year-end deposits of $3,000 for 15 years in a savings…

A: Given in the question, Deposit (p v) = $3,000 Time = 15 years Interest = 9% We have to find the…

Q: What value of r will make the future value of the account P5, 200 in six months?

A: Future Value: It is the future worth of the present cashflows or the present sum of money. Future…

Q: If the interest rate is 9% compounded monthly, find the present value of 24 month payments of…

A: Interest rate is 9% Compounded monthly Amount of monthly payment is P1000.00 Time period 24 months…

Q: Suppose you borrowed $ 15 000 at 8% monthly interest to repay it in monthly installments over 4…

A: Present value is the sum of money that must be invested in order to achieve a specific future goal.…

Q: Suppose you take on a loan that is subject to an annual interest rate of 12%, with the interest rate…

A: present value=future value1+rate of interestfrequency of compoundingyear×frequency

Q: A loan is to be repaid quarterly for 10 years that will start at the end of 4 years. If the interest…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Assuming that you can invest to earn a stated annual rate of return of 12%, but where interest is…

A: The question gives the following information:

Q: You have taken out a home loan of $400,000 at an interest rate of 3.6% per annum compounded monthly.…

A: Given question: Amount of loan : $400,000 Rate of interest : 3.6% per annum  Number of payments :…

Q: How much will be in the account at the end of 4 years?

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: Use the formula for computing future value using compound interest to determine the value of an…

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…