What is the present value or price of a $150 annual perpetuity if the returns on similar contracts are now 7%? O a. $10.50. O b. $2,143. O c. $1,050. O d. $1,751.
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- A 5-year ordinary annuity has a present value of $1,000. If the interest rate is 8%, what is the amount of each annuity payment? O a. $216.00 O b. $270.50 O C. $250.46 d. $231.48 P Type here to searchQuestion 19 Find the total amount in your account if you start with $850 at 11% interest for 2.5 years. O a. $1103.4 O b. $432 O c. $1210 O d. $5667An annuity offers a payment of $5000 at the beginning of every three months for twenty years. Interest is compounded monthly at a nominal rate of 8.8%, and the first payment is deferred for 3 years. Determine the amount that you would pay for this annuity today. O a. $ 145 573.01 O b. $ 146 563.01 O c. $ 146 939.01 O d. $ 146 585.01 O e. $ 143 982.01
- A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 15.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the fourth year? O a. $107,360 O b. $149,968 O c. $190,365 O d. $105,990 O e. $148,574 A new machine is expected to save $33,400 annually in labor and energy expenses. How much can be justified for the purchase of this equipment now if the company's interest rate is 10% and the machine's useful life is 7 years? O a. $119,976 O b. $233,800 O c. $162,605 O d. $316,872 O e. $178,866If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much will he have to pay if he were to keep the money for a year on the same terms? O. $12,407 O. $6,321 O. $1,020 O. $12,941Calculate the maturity value of a 300-day, $6,000 simple interest term deposit earning 5.15%. O a. $7,021.99 O b. $6,309.00 O c. $6,111.78 O d. $6,253.97 e. $5,756.34
- A welder will deposit P500.00with a savings and loan association at the beginning of each 4 months for 10 years. If the association pays interest at the rate of 7% every 4 months, find the sum of his credit just after the last deposit. O a. P22,877.00 O b. P21,787.00 O c. P21,788.00 O d. P21,877.00What is the value of $600 at 12 percent interest for 7 years compounded continuosly? O A. $1356.54 B. $1372.76 O C. $1326.41 O D. $1389.82 Seçimimi temizleIf you borrow $3,000 at 6% simple interest per year for seven years, how much will you have to repay at the end of seven years Select one: O a. non O b. $4,260 O c. $1,260 O d. $3,000 O e. $4,511
- A real estate company expects to earn $100M on a project they plan to invest in, if the company decides to invest a quarter of that sum now, how much will they have earned in 18 periods at a rate of 9%? O a. 118 million O b. 471 million О с. 100 million O d. 443 millionAdam, a farmer, wants to buy a new equipment in three years from now. He expects that the price of the equipment will be $15000 in three years. Approximately. how much money should Adam put currently in his savings account if a bank pays 5% interest rate on that account? of Select one: O a. $12958 O b. $12465 O c. $19284 O d. $15928If P20,000 is borrowed for 200 days at 12% per annum simple interest. How much will be due at the end of 200 days? O a. P21,323.33 O b. P21,332.33 O c. P21,233.33 O d. P21,333.33