Sanchez placed $11114 into a five-year interest payout GIC at 4.2% compounded monthly. Calculate the interest payout amount every month. Select one: a. none b. 388.99 c. 38.90 O d. 594.60
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600you borrow $20,000 from a bank to be repaid in three equal annualinstalment at 9% interest compounded annually. What is the portion ofinterest payment for the 2nd annual payment?Select one:A 510B. 1089C. 549D. 1251E. 1800A loan $30.000 is to be amortized by equal payments at the end of each year for five years. The interest is calculated at the rate of 6% per annum compounded annually. Find the equal annual payment of that loan for each year? Lütfen birini seçin: O a. $7121.89 O b. $5641.20 c. None of them d. $1142.21
- Marissa converted an RRSP balance of $125,000 into an RRIF that will pay he $1,850 at the end of every month for 9 years. What is the nominal annual rate interest compounded semi-annually? 11.58% 0.97% 11.92% 5.79%You have taken alone of $500000 lone over 12years at 6% intrest rate compounded monthly, which is rembursed with montly payment. What is the principal portion of the 23rd payment. Choose correct alternative from given imageA man bought an equipment worth P207.854 payable in 20 quarterly payments, each installment payable at the beginning of each period. If the rate of interest is 16.674% compounded bimonthly. how much does he need to pay quarterly?
- You are given the following about two annuities-immediate: Annuity A pays 300 at the end of each year for 18 years. d ofc Annuity B pays 399.865 at the end of each year for 9 years. At an annual effective rate of interest i, the PV of both annuities are equal. Calculate i. Ponible Answers 12% 11% C 10% D 13% 14%Answer the subquestions below: a. Mr. Formento pays at the end of every month for a loan that charges 5% interest compounded quarterly. What type of annuity certain is this? b. Determine the amount after 5 years of a P1,500 deposit every end of 3 months in an account paying 12% compounded quarterly. c. how much should be invested at the end of every six months at 12%compounded quarterly in order to accumulate P50,000 after 6 years?1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each 3 months for 3 years at 8% interest compounded quarterly. How much is the periodic payment?
- Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $400,000 at 4%, paid out monthly for 15 years i PMT SSam Melendez deposits P625.00 into an annuity at the beginning of every quarter for 2.5 years. The account pays an interest rate of 6 percent compounded quarterly. What is the future value of the account after 2.5 years P6,436.31 P6,789.54 P6,689.20 P6,751.2If you borrow $7,300 at $800 interest for one year, what is your effective interest rate for the following payment plans? Note: Input your answers as a percent rounded to 2 decimal places. a. Annual payment b. Semiannual payments c. Quarterly payments d. Monthly payments Effective Rate of Interest % % % %