3,5,7,9,11,13,15,17,19,21,23,25,27,29,31 can you help me aolve questions 9. 11. and 13 ...

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Finance

3,5,7,9,11,13,15,17,19,21,23,25,27,29,31 image
can you help me aolve questions 9. 11. and 13 image
e first fout Construct the payment schedule for the loan lem 11. 23 Construct the payment schedule for the first ments of the loan in Problem 17. 24. Construct the payment schedule for the first ments of the loan in Problem 18. we best for onthly payments A dividend of $400 every 3 months for 1 year in an account that pays 8% compounded quarterly 3. A dividend of $100 every 3 months for 1 year in an account that pays 6% compounded quarterly. 4. A dividend of $100 every 3 months for 4 years in an account that pays 6% compounded quarterly In Problems 5 to 8 determine the present value of the stated annuity 5. Pays $100 a month for 2 years at 24% annual interest compounded monthly? 6. Pays $150 a month for 1 year at 24% annual interest compounded monthly? 7. Pays $250 a month for 2 years at 12% annual interest compounded monthly? 8. Pays $20 a month for 4 years at 12% annual interest compounded monthly? In Problems 9 and 10 determine the size of the payments for a $4000 loan that must be repaid in five yearly pay- ments at the stated annual interest rate. 9. 6% 10. 10% In Problems 11 and 12 determine the size of the payments for a $3500 loan that must be repaid in four yearly pay- ments at the stated annual interest rate. 11. 4% 12. 129 In Problems 13 to 16 determine the monthly car install- ments on the stated loan at the annual interest rate com- pounded monthly 13. $2000 loan for 4 years at 18%. 14. $1000 loan for 2 years at 18%. 15. $2500 loan for 2 years at 6%. 16. $1200 loan for 3 years at 6%. In Problems 17 to 20 determine the monthly house pay- ments on the stated loan at the annual interest rate com- pounded monthly 17. $60,000 loan for 20 years at 9%. 18. $40,000 loan for 25 years at 8%. 19. $120,000 loan for 30 years at 8%. 20. $75,000 loan for 25 years at 9%. 21. Construct the payment schedule for the loan in Prob- In Problems 25 to 28 determine the monthly a $20.000 loan under the given repayment Condi 25. 10 years at 10% compounded quarterly 26. 10 years at 10% compounded monthly 27. 15 years at 10% compounded quarterly 28. 15 years at 10% compounded monthly 29 Suppose that a new car costs $13,000. The offers $4000 for a trade-in with a down payme SIC . What will the monthly installments het loan is for 4 years at 12% annual interest compound monthly? 30. Suppose that a new car costs $22,000. The des offers $8000 for a trade-in. What will the month installments be if there is no down payment and the loan is for 4 years at 12% annual interest compounded monthly? 31. A house costs $800,000. The terms of sale are 25$ down and the remainder to be paid in monthly par ments for 25 years. The loan is taken at an annual interest rate of 9% compounded monthly (a) What are the monthly payments? (b) Construct the payment schedule for the first four payments 32. A house costs $65.000. The terms of sale are 20% down and the remainder to be paid in monthly pay ments for 30 years. The loan is taken at an annual interest rate of 9% compounded monthly. (a) What are the monthly payments? (b) Construct the payment schedule for the first for payments. 33. Construct the entire payment schedule for the loan Problem 15. 34. Construct the entire payment schedule for the loan Problem 14. 35. A movie star signs a 10 Million Dollar Contract which pays $1.000.000 a year for 10 years. studio can invest its money at 10% interest lem 9. compounded monthly? 6. Pays $150 a month for 1 year at 24% annual interest compounded monthly? 7. Pays $250 a month for 2 years at 12% annual interest compounded monthly? 8. Pays $20 a month for 4 years at 12% annual interest compounded monthly? In Problems 9 and 10 determine the size of the payments for a $4000 loan that must be repaid in five yearly pay- ments at the stated annual interest rate. 9. 6% 10. 10% 30. In Problems 11 and 12 determine the size of the payments for a $3500 loan that must be repaid in four yearly pay- ments at the stated annual interest rate. 11. 4% 12. 12% 32. In Problems 13 to 16 determine the monthly car install- ments on the stated loan at the annual interest rate com- pounded monthly 13. $2000 loan for 4 years at 18%. 14. $1000 loan for 2 years at 18%. 15. $2500 loan for 2 years at 6%. 16. $1200 loan for 3 years at 6%. In Problems 17 to 20 determine the monthly house pay- ments on the stated loan at the annual interest rate com- pounded monthly 17. $60,000 loan for 20 years at 9%. 18. $40,000 loan for 25 years at 8%. 19. $120,000 loan for 30 years at 8%. 20. $75,000 loan for 25 years at 9%. 21. Construct the payment schedule for the

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