Question: Hello, I'm having difficulty with some questions. I'm not sure if I'm reading the charts correctly.. 1. A loan of $4000 at &% is compounded

Hello, I'm having difficulty with some questions. I'm not sure if I'm reading the charts correctly..

1. A loan of $4000 at &% is compounded semiannually for 4 years. Find the future value and compound interest. Use the $1.00 future value table or the future value and compound interest formula. What is the future value of the loan? Whats the compound interest? Round to the nearest cent.

Hello, I'm having difficulty with some questions. I'm not sure if I'm

2. A loan of $2000 at 30% is compounded monthly for one year. Find the future value and compound interest. Use the $1.00 future value and compound interest formula. What's the future value or the loan? Whats the compound interest? Round to the nearest cent.

reading the charts correctly.. 1. A loan of $4000 at &% is

1 Rate per period Periods 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 11.00% 12.00% 1.06000 1.06500 1.07000 1.07500 1.08000 1.08500 1.09000 1.09500 1.10000 1.11000 1.12000 2 1.12360 1.13423 1.14490 1.15563 1.16640 1.17723 1.18810 1.19903 1.21000 1.23210 1.25440 3 1.19102 1.20795 1.22504 1.24230 1.25971 1.27729 1.29503 1.31293 1.33100 1.36763 1.40493 4 1.26248 1.28647 1.31080 1.33547 1.36049 1.38586 1.41158 1.43766 1.46410 1.51807 1.57352 5 1.33823 1.37009 1.40255 1.43563 1.46933 1.50366 1.53862 1.57424 1.61051 1.68506 1.76234 6 1.41852 1.45914 1.50073 1.54330 1.58687 1.63147 1.67710 1.72379 1.77156 1.87041 1.97382 7 1.50363 1.55399 1.60578 1.65905 1.71382 1.77014 1.82804 1.88755 1.94872 2.07616 2.21068 8 1.59385 1.65500 1.71819 1.78348 1.85093 1.92060 1.99253 2.06687 2.14359 2.30454 2.47596 1.68948 1.76257 1.83846 1.91724 1.99900 2.08386 2.17189 2.26322 2.35795 2.55804 2.77308 10 1.79085 1.87714 1.96715 2.06103 2.15892 2.26098 2.36736 2.47823 2.59374 2.83942 3.10585 11 1.89830 1.99915 2.10485 2.21561 2.33164 2.45317 2.58043 2.71366 2.85312 3.15176 3.47855 12 2.01220 2.12910 2.25219 2.38178 2.51817 2.66169 2.81266 2.97146 3.13843 3.49845 3.89598 19 3.02560 3.30859 3.61653 3.95149 4.31570 4.71156 5.14166 5.60878 6.11591 7.26334 8.61276 20 3.20714 3.52365 3.86968 4.24785 4.66096 5.11205 5.60441 6.14161 6.72750 8.06231 9.64629 21 3.39956 3.75268 4.14056 4.56644 5.03383 5.54657 6.10881 6.72507 7.40025 8.94917 10.80385 22 3.60354 3.99661 4.43040 4.90892 5.43654 6.01803 6.65860 7.36395 8.14027 9.93357 12.10031 23 3.81975 4.25639 4.74053 5.27709 5.87146 6.52956 7.25787 8.06352 8.95430 11.02627 13.55235 24 4.04893 4.53305 5.07237 5.67287 6.34118 7.08457 791108 8.82956 9.84973 12.23916 15.17863 25 4.29187 4.82770 5.42743 6.09834 6.84848 7.68676 8.62308 9.66836 10.83471 13.58546 17.00006 26 4.54938 5.14150 5.80735 6.55572 7.39635 8.34014 9.39916 10.58686 11.91818 15.07986 19.04007 27 4.82235 5.47570 6.21387 7.04739 7.98806 9.04905 10.24508 11.59261 13.10999 16.73865 21.32488 28 5.11169 5.83162 6.64884 7.57595 8.62711 9.81822 11.16714 12.69391 14.42099 18.57990 23.88387 29 5.41839 6.21067 7.11426 8.14414 9.31727 10.65277 12.17218 13.89983 15.86309 20.62369 26.74993 30 5.74349 6.61437 7.61226 8.75496 10.06266 11.55825 13.26768 15.22031 17.44940 22.89230 29.95992 Periods 6.00% 6.50% 7.00% 7.50% 8.00% 8.50% 9.00% 9.50% 10.00% 11.00% 12.00% Rate per period

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

UNIT 5 QZ, Q-20 UNIT 5 / UNIT 8 QUESTIONS KEEP ANSWERS SEPARATE BY UNITS UNIT II STUDY GUIDE Consumer Mathematics Reading Assignment See information below. Key Terms 1. Add-on interest method 2....

Hoyt, Inc. has estimated current year sales (in millions) for the next four quarters. Q1 $240Q2 $250 Q3 $205 Q4 $350 ? Sales for the 1st quarter next year are projected to be $230.? Accounts...

1. A bank is paying interest at a 5% annual rate on deposits. If you invest 10,000 and the bank compounds interest daily (i.e., 365 times per year), which of the following shows how much you will...

Can anyone solve the answers from the given document givenbelow? I really need help. MY FINAL LITERALLY IS KNOCKING AT THE DOOR. Name_________________________________ Student...

Need help with these discussion postings (in a document) and assignments (all in separate files), all directions are included as well. FINANCE DIRECTIONS Need to provide 1 original post substantial...

SOMEONE PLEASE HELP ME GIVE ALL THE ANSWERS!!!!! MY EXAM IS ON 13th MORNING! SO PLEASEEEEE!!!!! 2. An investment is expected to pay the following: C 1 = $2,300, C 2 = $2,600, C 3 = $2,900, and then...

Please read chapter 6 and answer the questions and see the ( guide to answer number 3) For each case study, you will view the material as the student's teacher, read the information provided and...

Please read chapter 6 and answer the questions and see the ( guide to answer number 3) 1. Decide what assessment you would like to do to provide you with more information about the student, 2....

An employer has computed the following amounts for its employee Sarah during a week in January: gross wages $650.00; Canada Pension Plan contributions of $28.84; Employment Insurance premiums of...

Which of the following in-text citations is the correct format for a source with 3 or more authors? O a. (Smith, Jones, Sloan, Brown, Lee, Simmons, & Mort, 2016) O b. (Smith, Jones, & Sloan, 2016) O...

Private equity investors or venture capitalist like to invest in preferred stock rather than common stock of a company because: Multiple Choice Preferred stock, if properly structured, will...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

What are two circumstances that affect interpretation of fair use of copyrighted material? (Objective 2)

How can a business or organization code of conduct help guide communication by its employees or members? (Objective 5)

Ethics. Technology. You received an iPod for your birthday that stores videos and pictures as well as music. Describe how using your iPod would increase your selectivity for content choice, time, and...