Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Loans
Interest Calculation
Emily borrows 20,000 for 8 years at a nominal discount rate of 6% compounded quarterly. Calculate the amount of discount that Emily will pay.
1 answer
The amount of discount emily wil pay is 6 /100 x 20000. =1200. 20000 -1200=18800 . In 8 years. . Discount rate by compoud interest =do it your self
You can
ask a new question
or
answer this question
.
Similar Questions
Find the balance at the end of 6 years of $5000 investment in an account with a nominal annual rate of interest of 2.5%
Top answer:
To find the balance at the end of 6 years of a $5000 investment, we need to follow these steps: Step
Read more.
Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for
Top answer:
$10483.34 is the future value of the first two years of investment at the end of the second year.
Read more.
Calculate the future value of quarterly payments of $1200 for 5 years, if the rate of interest was 10% compounded quarterly for
Top answer:
I solved for both which i got aFV= $10483.34 bFV= $16322.67 to get this answer i used this formula:
Read more.
Resource: Ch. 5 of Financial Management in Health Care Organizations.
„h Calculate the future value of the following: o $5,000
Top answer:
the formula is used was $5000(1+r)^n
Read more.
How do I calculate the future value of the following?
$5,000 compounded annually at 12% for 2 years $5,000 compounded
Top answer:
Walter's savings account has a balance of $273. After 5 years, what will the amount of interest be
Read more.
Calculate the future value of the following:
o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at
How do I calculate a present value?
7,000 in 5 years at a quarterly discount rate of 6% I have looked at the material, but I am
Top answer:
Calculating present value involves discounting future cash flows to their current value, taking into
Read more.
Calculate the future value of the following:
o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at
Top answer:
The first answer is 5000*(1.06)^5 The second answer is 5000(1.03)^10 The third answer is
Read more.
A sum of $850 is invested for 10 years and the interest is compounded quarterly. There is $1100 in the account at the end of 10
Top answer:
P = Po(1+r)^n. Po = $850, r = Quarterly % rate expressed as a decimal. n = 4Comp./yr. * 10yrs. = 40
Read more.
Find the accumulated value of an investment of $10,000 for 3 years at an interest rate of 6% if the money is a)compounded
Top answer:
To find the accumulated value of an investment, we can use the formula for compound interest: A =
Read more.
Related Questions
Steve wants to have $25000 in 25 years, he can only get 3.2% interest compounded quarterly. his bank will guarantee the rate for
find the nominal rate of interest convertible quarterly which is equivalent to a nominal rate of discount of 6% p.a. convertible
Suppose $1,000 is compounded quarterly for 4 years. What rate is needed to reach a total of $2,000? Round to the nearest tenth
Compute effective rate of interest where nominal rate is 8% compounded quarterly?
A $20,000 loan is to be amortized for 10 years with quarterly payments of $763.55. If the interest rate is 9%, compounded
Rainer Wandrew borrowed P 50,000.00 from Social Security System, in the form of calamity loan, with interest at 8% compounded
Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded annually, semiannually, quarterly, and
A man wishes to bequeath to his daughter P20,000 ten years from now. What amount should he invest now if it will earn interest
Annuities /assessment You would like to have $550,000 when you retire in 35 years.
You would like to have $550,000 when you
In 9 years, Rollo Company will have to repay a $100,000 loan. Assume a 6% interest rate compounded quarterly. How much must
