Question

For the past seven years, a manager has paid $500 every 6 months for a software maintenance contract. What is the equivalent amount at the end of year 7, if the funds are taken from a pool that returns 10% per year (nominal interest), compounded quarterly? Note that the payment period is 6 months and compounding period is 1 quarter.

Answer #1

You have been offered an investment that pays $500 at the end of
every 6 months for the next 3 years. The nominal interest rate is
12 percent; however, interest is compounded quarterly. What is the
present value of the investment? 1. $2,458.66 $2,444.67 $2,451.73
$2,463.33 $2,437.56

You plan to make five deposits of $1,000 each, one every 6
months, with the first payment being made in 6 months. You will
then make no more deposits. If the bank pays 7% nominal interest,
compounded semiannually, how much will be in your account after 3
years? Round your answer to the nearest cent.
$
One year from today you must make a payment of $11,000. To
prepare for this payment, you plan to make two equal quarterly
deposits...

You plan to make five deposits of $1,000 each, one every 6
months, with the first payment being made in 6 months. You will
then make no more deposits. If the bank pays 7% nominal interest,
compounded semiannually, how much will be in your account after 3
years? Do not round intermediate calculations. Round your answer to
the nearest cent.
One year from today you must make a payment of $6,000. To
prepare for this payment, you plan to make...

Find the future values of the following ordinary annuities: FV
of $600 paid each 6 months for 5 years at a nominal rate of 13%
compounded semiannually. Round your answer to the nearest cent. $
FV of $300 paid each 3 months for 5 years at a nominal rate of 13%
compounded quarterly. Round your answer to the nearest cent. $
These annuities receive the same amount of cash during the 5-year
period and earn interest at the same nominal...

Find the future values of the following ordinary annuities:
FV of $200 paid each 6 months for 5 years at a nominal rate of
5% compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $100 paid each 3 months for 5 years at a nominal rate of
5% compounded quarterly. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
These annuities receive the same amount of cash during...

For the past 6 years Charlene Miller has made deposits of $300
at the end of every 6 months, earning interest at 5% compounded
semi-annually. If she leaves the accumulated balance in an account
earning 6% compounded quarterly, what will the balance be in
Charleneâ€™s account at the end of another 10 years?

You have just bought a 10-year security that pays $500 every six
months. Another equally risky security also has a maturity of 10
years, and pays 10%, compounded monthly (that is, the nominal rate
is 10%). What price should you have paid for the security that you
just purchased?

A sum of money invested at 6% for every 6 months period will
double in how many years?
A man is retiring with 250,000 in the bank. He plans on spending
30,000 per year for the rest of his life. What interest does he
need?
You deposit 2000 into a savings account that earns 12%
compounded quarterly for 2 years find f at the end of year 2. F is
most nearly?
A savings account earns 7% interest. if 2000...

find the future values of the following ordinary annuities:
a) FV of $600 paid each 6 months for 5 years at a nominal rate
of 6% compounded semiannually. Do not round intermediate
calculations. Round your answer to the nearest cent.
b) FV of $300 paid each 3 months for 5 years at a nominal rate
of 6% compounded quarterly. do not round intermediate calculations.
round your answer to the nearest cent.
c) these annuities recieve the same amount of cash...

2.
300 dollars is deposited every quarter for seven years.
Interest is 4% per year compounded quarterly.
What is the future value of this annuity.
nearest whole number
4.
Suppose the monthly interest rate is 4.6% / 12 =.003833 (
approximately).
To attain a future value of 40000 dollars in ten years, what
should the monthly deposits be, if interest is compounded
monthly?
2 decimal number, no $ sign.
6.
How many times must a yearly deposit of 1250 dollars...

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