(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

 

 

 

 

 

 

 

 

 

 

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: May 23, 2022

Solution~00021147602713.zip (25.37 KB)


This attachment is locked

Our expert Writers have done this assignment before, you can reorder for a fresh, original and plagiarism-free copy and it will be redone much faster (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

May 23, 2022

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • ■ As a reference for in-depth understanding of the subject.
  • ■ As a source of ideas / reasoning for your own research (if properly referenced)
  • ■ For editing and paraphrasing.

This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

Get Free Price Quote