  (Solution) 16 N = 5 Years, Monthly Payments Interest Rate = 8%, Compounded Monthly PMT = 1000x(8%/12) FV = 1000 Compute PV Find Present Value In Annuity Due 17 | Snapessays.com

(Solution) 16 N = 5 years, monthly payments Interest rate = 8%, compounded monthly PMT = 1000x(8%/12) FV = 1000 Compute PV Find present value in Annuity Due 17

Hi Sarah,

I've modified the assignment - I only need answers shown for the questions in the chart, and minimal work shown for the ratios question. I'm willing to pay \$40. please advise if you are still willing to work on it.16

Find present value in

Annuity Due

N = 5 years, monthly payments

Interest rate = 8%, compounded monthly

PMT = -1000x(8%/12)

FV = -1000

Compute PV

17

Find present value in

Ordinary annuity

N = 30 years, monthly payments

Interest rate = 8%, compounded monthly

PMT = -850

FV = 0

Compute PV

Questions 18-27 use the same data

18

Mortgage - Find payment

N = 20 years, monthly payments, starts at end of January

Interest rate = 7%, compounded monthly

PV = 350,000

FV = 0

Compute payment PMT

P1 = 1

P2 = 12

19

Balance at end of December in first year

20

Total Principal Repayment at end of first year

21

Total Interest payments at end of first year

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May 23, 2022

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