Question

If F=15,000, P = 1,250, and n= 15 years; find the interest rate per year Group...

If F=15,000, P = 1,250, and n= 15 years; find the interest rate per year Group of answer choices

18.017% 18.25% 17.98% 18.10%

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Axel intends to invest $15,000 each year for 6 years at an expected interest rate of...
Axel intends to invest $15,000 each year for 6 years at an expected interest rate of 7% per year. If Axel invests monthly, then he intends to invest $______ each month for ____ months at an expected interest rate of ____% per month.
1 As the interest rate increases, the present value of an annuity decreases. Group of answer...
1 As the interest rate increases, the present value of an annuity decreases. Group of answer choices False True 2 As the number of periods N increases, the future value of a savings account increases. Group of answer choices True False 3 Forty years ago, Jordan purchased an investment for $10,000. The investment earned 5 percent rate of return each year. What is the worth of the investment today? Group of answer choices 73,584.17 70,399.89 400,000.00 151,090.21
      Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or...
      Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or $2000 per year for 15 years if the discount rate is 20%? why
The monthly payment for a home loan is given by a function f(P,r,N)f(P,r,N) where PP is...
The monthly payment for a home loan is given by a function f(P,r,N)f(P,r,N) where PP is the principal (the initial size of the loan), rr the interest rate, and NN the length of the loan in months. Interest rates are expressed as a decimal: A % interest rate is denoted by r=0.03. If P=150000,r=0.03 and N=336N=336(a 28-year loan), then the monthly payment is f(150000,0.03,336)=1921. Furthermore, with these values we have ∂f/∂P=0.0057,∂f/∂r=9727,∂f/∂N=−1.6013 Estimate: (a) The change in monthly payment per 2000...
1. Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or...
1. Would you rather receive: $15,000 in three years, $1,000 per year for 20 years or $2000 per year for 15 years if the discount rate is 20%? 2. Why?
If $500 is invested at an interest rate of 5.5% per year, find the amount of...
If $500 is invested at an interest rate of 5.5% per year, find the amount of the investment at the end of 15 years for the following compounding methods. (Round your answers to the nearest cent.) A.) Annually: $ B.) Semiannually: $ C.) Quarterly: $ D.) Continuously: $
The future value of an investment of P dollars compounded n times per year with an...
The future value of an investment of P dollars compounded n times per year with an APR of 100r% (this means r is the decimal) and a length of t years is given by F(P,r,n,t) = P ?1 + r ?nt dollars. Find and write a sentence of interpretation for the following % (this means r is the decimal) and a length of t years is given by F (P, r, n, t) = P (1 + r/n)^nt dollars. Find...
Suppose you receive $1,250 at the end of each year for the next four years. a....
Suppose you receive $1,250 at the end of each year for the next four years. a. If the interest rate is 10%, what is the present value of these cash flows? b. What is the future value in three years of the present value you computed in (a)? c. Suppose you deposit the cash flows in a bank account that pays 10% interest per year. What is the balance in the account at the end of each of the next...
Find the PV & FV PV FV N (years) interest rate $30,000 5 0.05 $40,000 8...
Find the PV & FV PV FV N (years) interest rate $30,000 5 0.05 $40,000 8 0.15 $40,000 9 0.075 FV PV N (years) interest rate $3,000 4 0.1 $50,000 8 0.6 $20,000 14 0.75 PV FV N (years) interest rate $25,000 6 0.025 $35,000 12 0.03 $45,000 15 0.05 FV PV N (years) interest rate $1,800 10 0.08 $2,600 6 0.04 $3,500 8 0.06
You are considering a 15-year, $1,000 par value bond. Its coupon rate is 9%, and interest...
You are considering a 15-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. Bond valuation Years to maturity 15 Par value of bond $1,000.00 Coupon rate 9.00% Frequency interest paid per year 2 Effective annual rate 7.64% Calculation of periodic rate: Formulas Nominal annual rate #N/A Periodic rate #N/A Calculation of bond price: Formulas Number of periods #N/A Interest rate per period 0.00% Coupon payment per period #N/A Par value of bond $1,000.00 Price...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT