What is the size of the monthly payment


Assignment Task 1: How much interest is included in the accumulated value of $4750 paid at the end of every six months for 4.5 years if the interest rate is 8.5% compounded semi-annually?

Assignment Task 2: You have inherited some money and you want to set some of that money aside for ten years. After ten years, you would like to receive $7600.00 at the end of each 6 months for nine years. If the interest is 6.5% compounded semi-annually, how much of your inheritance must you set aside?

Assignment Task 3: If a loan was repaid by ordinary yearly payments of $2000.00 in five years at 9.00%, compounded yearly, how much interest was paid?

Assignment Task 4: A $15000.00 loan requires payments at the end of each month for five years. If the interest rate on the loan is 12% compounded monthly, calculate the size of each payment.

Assignment Task 5: $1000.00 is deposited at the end of every month into an account earning 6.00% compounded monthly. If the balance in the account five years after the last deposit is to be $50000.00, how many deposits are needed?

Assignment Task 6: What is the discounted value of $3000.00 paid at the end of every six months for 5 years if interest is 8.00% compounded yearly?

Assignment Task 7: You won $250,000.00 in a lottery and you want to set some of that sum of money aside for 11.5 years. After 11.5 years, you would like to receive $4500.00 at the end of each month for 4.75 years. If the interest is 6.79% compounded annually, how much of your winnings must you set aside?

Assignment Task 8: How much must be deposited at the end of each month for 10 years to accumulate to $100,000.00 at 6.00% compounded yearly?

Assignment Task 9: Petra bought a car priced at $19700.00 for 10% down and equal monthly payments for 4.5 years. If interest is 8.22% compounded semi-annually, what is the size of the monthly payment?

Are you looking for a reliable and trustworthy Size of Monthly Payment Assignment Help service in the industry? Is the academic load giving you anxiety? Then approach our professional tutors to secure A++

Tags: Size of Monthly Payment Assignment Help, Size of Monthly Payment Homework Help, Size of Monthly Payment Coursework, Size of Monthly Payment Solved Assignments

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the size of the monthly payment
Reference No:- TGS03026036

Expected delivery within 24 Hours