What is the discounted value of payments of $67.00 made at the end of every three...

 

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What is the discounted value of payments of $67.00 made at the end of every three months for 2.75 years if interest is 4% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A mortgage of $191,000 is to be repaid by making payments of $1051 at the end of each month. If interest is 3.19% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term of the mortgage is year(s) and ... month(s). What is the discounted value of payments of $67.00 made at the end of every three months for 2.75 years if interest is 4% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A mortgage of $191,000 is to be repaid by making payments of $1051 at the end of each month. If interest is 3.19% per annum compounded annually, what is the term of the mortgage? State your answer in years and months (from 0 to 11 months). The term of the mortgage is year(s) and ... month(s).

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Solution The discounted value of payments of 6700 made at the end of every three months for 275 year... View the full answer