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To finance a vacation in 3 years. Elsie saves $430 at the beginning of every six months in an account paying interest at 11% compounded semi-annually (a) What will be the balance in her account when she takes the vacation? (b) How much of the balance will be interest? (c) If she waits an additional year to start her vacation, and continues to save the same amount of money, how much more money does she have to spend? a) The balance in her account will be $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)
Payments on a four-year lease valued at $32.000 are to be made at the beginning of every six months interest is 10.7% compounded semi-annually, what is the size of the seara pent Cam The size of the semi-anual payments (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
13 If you save $1.700 at the begresing of every year for twelve years for how long can you withdraw 12.240 at the beginning of each year starting twelve years from acuming the compounded anty? Ste your answer in years and months throm 0 to 11 month You can with 12.240 for years and month(s) (Type whole number)
Red Coat Construction set aside 54200 00 at the beginning of every six months in a fund to replace equipment interest is 11% compounded annually, how much will be in the Sunday The fund will be worth (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
What is the cash value of a lease requiring payments of $1,400.00 at the beginning of every month for 15 years, if interest is 6% compounded semi-annually? CIC The cash value of the lease is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed);
An annuity with a cash value of $15,000 eams 5% compounded semi-annually End-of-period semi-annual payments are defered for five years, and then continue for ten years. How much is the amount of each payment? COD Each payment Round the final answer to the nearest cent as needed Round all dermedate values to six decimal places as needed)
The Omega Venture Group needs to borrow to finance a project Repayment of the loan involves payments of $2,540 at the end of every six months for four years No payments are to be made during the development period of seven years Interest is 5% compounded monthly (a) How much should the Group borrow? (b) What amount will be repaid? (c) How much of that amount will be interest? a) The Group should bomo (Round the final answer to the maarest cent as needed Round all intermediate values to six decimal places as needed)
Matt's Machine Shop purchased a computer to use in tuning engines. To finance the purchase the company boned 120.000 at 4% compounded semi-annually to repay the san epal ay pants are made b years with the first payment due one year after the date of the loan What is the size of each quarterly payment The size of each quarterly p Round the final awer to the nearest cent as needed Round at intem decimal places as needed
How much can be paid in scholarships at the end of each year if $190,000 is deposited in a trust fund if interest is 4.6% compounded annually? The amount that can be paid each year is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Alena rents a suite and pays $1200 in monthly rent in advance What is the cash value of the property if money is worth 7.6% compounded monthly? The cash value of the property is S (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)