answer all multiple choice

not sure. answer the rest right now. NO mistakes

1. Determine the interest rate per compounding period as a decimal. Time of Leng Inte Frequen payment th of rest annu rate compou ity per nding yea cy of r end of 6 months 7 years 5.1 % semi-ann ually a. 0.85 b. 0.51 C. 0.0255 d. 0.0085 2. Use the formula. Calculate A for R-$1200, 1-0.07 and n-13. a. $24 168.77 $12 000 b. $40 111.63 d. $16 962 133.77 c. I 3. Suppose you are using the TVM Solver for an ordinary simple annuity of $150 deposited each month for 10 years at 3.5% per year compounded monthly. What values would you enter for N, 1%, P/Y, and C/Y? N-120, 1% -3.5, P/Y - 1, C/Y - 1 b N = 120,1% -0.2917, P/Y = 12, C/Y - 12 N-10,1% - 0.2917, P/Y= 1, C/Y - 1 d. N-120, 1% - 3.5, P/Y-12, C/Y = 12 c. 4. Which annuity produces the greatest amount? a. $200 deposited at the end of each quarter for 14 years at 3.8% compounded quarterly. b. c. $800 deposited at the end of each year for 14 years at 3.8% compounded annually. I $200 deposited at the end of each quarter for 14 years at 4.5% compounded quarterly $800 deposited at the end of each year for 14 years at 4.5% compounded annually. 1 5. Use the formula. Calculate the value of PV for R - 1975, i = 0.077, and n = 42. a. 552 627.64 24 511.68 b. 1887.40 d. 1137.67 c. 6. What amount should be invested now at 6% per year, compounded annually, to generate a retirement income of $35 000 per year for 15 years? c. a. $339 929 B $504 582 $814 659 d. $543 779 7. Jacob needs to repay a $3000 loan. His bank offers personal loans at 9.5% per year, compounded monthly. Jacob can afford to make monthly payments of $100. How long will it take him to repay the loan? Round your answer up to the next whole month. c. a. 40 months b. 30 months 33 months 35 months d. a. 8. Suppose Joash is using the TVM Solver to plan funding an extended vacation. His TVM Solver screen shows these settings: N = 36,1% = 6.4, PV = 52 281.59, R--1600.00, FV = 0, P/Y = 4, C/Y = 4. Which best describes the annuity? A payment of $1 600.00 each month for 3 years, at an interest rate of 6.4% per year compounded monthly I b. A payment of $1 600.00 every year for 3 years, at an interest rate of 6.4% per year compounded annually. A payment of S1 600.00 every six months for 3 years years, at an interest rate of 6.4% per year compounded semi-annually. A payment of $1 600.00 every three months for 3 years, at an interest rate of 6.4% per year compounded quarterly. c. d. 9. Josh can afford to pay approximately $1400 per month on his mortgage. Determine his payment amount for a weekly payment frequency (non-accelerated). a. $318.15 $311.11 b. c. d. $323.08 $350.00 10. Joshua can afford to pay approximately $1600 per month on his mortgage. Determine his payment amount for a bi-weekly payment frequency (non-accelerated). a c. $800.00 $738.46 b. $400.00 $369.23 d