Math

posted by .

Find the periodic payment that will amount to the given sum under the given conditions: S=$150,000; interest is 6% compounded semiannually; payments are made at the end of each semiannual period for 11 years.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the …
  2. Mathematics

    Suppose an employee of a company is retiring and has the choice of two benefit options under the company pension plan. Option A consists of a guaranteed payment of $1,575,000 at the end of each month for 10 years. Altematively, under …
  3. Finance

    A 46-year-old man deposits a total of $2000 per period in an IRA until age 65. How much money will be in the account if the interest rate is 10% compounded semiannually with payments made at the end of each semiannual period?
  4. Mathematics

    Find the periodic payment that will amount to the given sum under the given conditions: S=$150,000; interest is 6% compounded semiannually; payments are made at the end of each semiannual period for 11 years
  5. math

    The problem describes a debt to be amortized. A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 12 years. The interest rate on the debt is 11%, …
  6. math

    The problem describes a debt to be amortized. A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 12 years. The interest rate on the debt is 11%, …
  7. Finite Math

    The amount desired in a sinking fund is given. Find the periodic payments required to obtain the desired amount. A = $75,000, the interest rate is 7.2%, and payments are made quarterly for 4 years.
  8. Finance - Loans problem please help

    A company borrows $170000, which will be paid back to the lender in one payment at the end of 5 years. The company agrees to pay monthly interest payments at the nominal annual rate of 7% compounded monthly. At the same time the company …
  9. math

    Sandra deposits $3000 in an ordinary annuity at the end of each semiannual period at 8% interest compounded semiannually. Find the amount she will have on deposit after 17 years
  10. Math

    A man buys a house for $310,000. He makes a $150,000 down payment and amortizes the rest of the debt with semiannual payments over the next 8 years. The interest rate on the debt is 11%, compounded semiannually. (a) Find the size of …

More Similar Questions