1. Find the sum of money that accumulates to $1716.68 at 8.7% compounded annually in four...

 

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1. Find the sum of money that accumulates to $1716.68 at 8.7% compounded annually in four years, four months. The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 2. Find the nominal annual rate of interest for the following investment. Principal $1025.00 Frequency of Conversion quarterly Future Value Time Due $2684.44 8 years The nominal annual rate of interest is % compounded quarterly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) 3. Svetlana bought a car priced at $12,240.00 for 5% down and the balance in equal quarterly payments over 6.25 years at 7% compounded quarterly. How much does Svetlana have to pay every three months? Svetlana must make payments of $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Lauren deposited $17,500 today. He plans to withdraw $1000 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 6.1% compounded quarterly? State your answer in years and months (from 0 to 11 months). 4. She can make withdrawals for year(s) and month(s). 5. Determine the nominal annual rate of interest the following ordinary general annuity. Present Value Perlodic Payment Interval Conversion Period Term Payment $5000 $115 1 month 4 years quarterly The nominal annual rate of interest is % compounded quarterly. (Round to two decimal places as needed.) 6. How much can be paid in scholarships at the end of each month if $170,000 is deposited in a trust fund if interest is 6.9% compounded monthly? The amount that can be paid each month is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 1. Find the sum of money that accumulates to $1716.68 at 8.7% compounded annually in four years, four months. The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 2. Find the nominal annual rate of interest for the following investment. Principal $1025.00 Frequency of Conversion quarterly Future Value Time Due $2684.44 8 years The nominal annual rate of interest is % compounded quarterly. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.) 3. Svetlana bought a car priced at $12,240.00 for 5% down and the balance in equal quarterly payments over 6.25 years at 7% compounded quarterly. How much does Svetlana have to pay every three months? Svetlana must make payments of $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Lauren deposited $17,500 today. He plans to withdraw $1000 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 6.1% compounded quarterly? State your answer in years and months (from 0 to 11 months). 4. She can make withdrawals for year(s) and month(s). 5. Determine the nominal annual rate of interest the following ordinary general annuity. Present Value Perlodic Payment Interval Conversion Period Term Payment $5000 $115 1 month 4 years quarterly The nominal annual rate of interest is % compounded quarterly. (Round to two decimal places as needed.) 6. How much can be paid in scholarships at the end of each month if $170,000 is deposited in a trust fund if interest is 6.9% compounded monthly? The amount that can be paid each month is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer rating: 100% (QA)

QUESTION 1 Given Amount A 171668 Time t 9 years 4 months 933 years Interest r 87 0087 ... View the full answer