0.

0002191781

12.328767123
1262.3287671

true day 364 2nd day 16

days 0.99726
plus 1 0.99726 r2 (yield)
purchase price 4834.28
remaining

maturity price 5000 t2

7.589041E-05

98637.6119 maturity/purchase 0.03428 1.021071

p2
r1 3.44%

#3

length 0.043836

Maturity v 4896.821
present va 4834.28

0.012937

0.043836

ANSWER 29.51%

A mortgage of ​$130000 is to be repaid by making payments of ​$905 at the end of each month. If interest is 5.15% per annum
 2.21%

348

0.953425

4896.821

rest is 5.15% per annum compoundedsemi annually, what is the term of the ​mortgage? State your answer in years and months​(from 0 to
n years and months​(from 0 to 11​months).
 date 21-Jun
borrowed 20000 payment 1 4700 5-Jul
interest 10.20% payment 2 5600 10-Aug

repaid in full 11-Oct

day 1 14 0.038356 day 2 36 0.09863 day 3

next 78.24658 next 154.7094 next

4621.753 5445.291

next 15378.25 next 9932.956 next

borrowed 18000 monthly p 2300

rate 8.00% compound 1 annually
monthly rate 0.08

payment balance paid interest pricipal pa balance

0 18000
1 18000 2300 1440 860 17140
2 17140 2300 1371.2 928.8 16211.2
3 16211.2 2300 1296.896 1003.104 15208.1
4 15208.1 2300 1216.648 1083.352 14124.74
5 14124.74 2300 1129.979 1170.021 12954.72
6 12954.72 2300 1036.378 1263.622 11691.1
7 11691.1 2300 935.2881 1364.712 10326.39
8 10326.39 2300 826.1111 1473.889 8852.5
9 8852.5 2300 708.2 1591.8 7260.7
10 7260.7 2300 580.856 1719.144 5541.556
11 5541.556 2300 443.3245 1856.675 3684.881
12 3684.881 2300 294.7905 2005.21 1679.671
13 1679.671 1814.045 134.3737 1679.671 0 last payment
29414.04 11414.04 5045.277
11414.04 interest paid

An auto repair shop borrowed ​$13000 to be repaid by monthly payments over 6 years. Interest on the loan is​3% compounde
(​ a) What is the size of the periodic​ payment?
​(b) What is the outstanding principal after payment​ 52?
(​ c) What is the interest paid on payment​ 53?
​(d) How much principal is repaid in payment​ 53?
borrowed 20000 monthly p
rate 8.00% compound 12
rate 8% monthly ra 0.006667
compunde 12
period 15 years payment balance paid interest
principal 20000 0
50.21254 1 20000 470 133.3333
i 0.0066666667 2 19663.33 470 131.0889
n 180 470 PMT given 3 19324.42 470 128.8295
4 18983.25 470 126.555
PMT 104.64059216 5 18639.81 470 124.2654
a 191.13041687 size of the periodic payment is​ 6 18294.07 470 121.9605
7 17946.03 470 119.6402
15 after payment 8 17595.67 470 117.3045
b 22096.084355 9 17242.98 470 114.9532
3004.6910747 10 16887.93 470 112.5862
11 16530.52 470 110.2034
outstanding principal 19091.39 12 16170.72 470 107.8048
13 15808.52 470 105.3902
c 127.2759552 14 15443.92 470 102.9594
15 15076.87 470 100.5125
d 63.854461662 16 14707.39 470 98.04925
17 14335.44 470 95.56957
18 13961.01 470 93.07337
19 13584.08 470 90.56053
20 13204.64 470 88.03093
21 12822.67 470 85.48447
22 12438.16 470 82.92103
23 12051.08 470 80.34051
24 11661.42 470 77.74278
25 11269.16 470 75.12773
26 10874.29 470 72.49525
27 10476.78 470 69.84522
28 10076.63 470 67.17752
29 9673.805 470 64.49203
30 9268.297 470 61.78865
31 8860.086 470 59.06724
32 8449.153 470 56.32769
33 8035.481 470 53.56987
34 7619.051 470 50.79367
35 7199.844 470 47.99896
36 6777.843 470 45.18562
37 6353.029 470 42.35353
 38 5925.382 470 39.50255
39 5494.885 470 36.63257
40 5061.518 470 33.74345
41 4625.261 470 30.83507
42 4186.096 470 27.90731
43 3744.003 470 24.96002
44 3298.963 470 21.99309
45 2850.956 470 19.00638
46 2399.963 470 15.99975
47 1945.963 470 12.97308
48 1488.936 470 9.926238
49 1028.862 470 6.85908
50 565.721 470 3.771473
51 99.49 100.1558 0.66

30 9268.297 9330.086 61.78865

9268.297 10009.76 741.4638

23600.16 3600.156
8523.281

When Dan signed a ​-year contract as a​manager, the company allowed reimbursement of ​$ at the end of every month for his c

a) What value did the expense reimbursement provision have when the contract was​ signed?
​(b) What is the outstanding value of the reimbursement after the 28th payment

rate 4.53% period 3 years

compound 12 monthly
i 0.003775
payment 410
n 36
pv 13776.727236 a

b 28 payment
n 8
3224.9749175 B
 62 0.16986301

172.0987

10105.05

e loan is​3% compounded monthly.

 470
annually

pricipal pa balance
20,000.00
336.6667 19,663.33
338.9111 19,324.42
341.1705 18,983.25
343.445 18,639.81
345.7346 18,294.07
348.0395 17,946.03
350.3598 17,595.67
352.6955 17,242.98
355.0468 16,887.93
357.4138 16,530.52
359.7966 16,170.72
362.1952 15,808.52
364.6098 15,443.92
367.0406 15,076.87
369.4875 14,707.39
371.9508 14,335.44 last payment
374.4304 13,961.01
376.9266 13,584.08
379.4395 13,204.64
381.9691 12,822.67
384.5155 12,438.16
387.079 12,051.08
389.6595 11,661.42
392.2572 11,269.16
394.8723 10,874.29
397.5048 10,476.78
400.1548 10,076.63
402.8225 9,673.81
405.508 9,268.30
408.2114 8,860.09
410.9328 8,449.15
413.6723 8,035.48
416.4301 7,619.05
419.2063 7,199.84
422.001 6,777.84
424.8144 6,353.03
427.6465 5,925.38
 430.4975 5,494.88
433.3674 5,061.52
436.2565 4,625.26
439.1649 4,186.10
442.0927 3,744.00
445.04 3,298.96
448.0069 2,850.96
450.9936 2,399.96
454.0002 1,945.96
457.0269 1,488.94
460.0738 1,028.86
463.1409 565.72
466.2285 99.49
99.49 -

9268.297 -

9268.297 0
1872.235
interest paid

d of every month for his car expenses. At the time the contract was​signed, money was worth ​% compounded .
deposit da 12/1/2008
deposit am 900 added 900 4/1/2010 900 12/1/2012

final date 6/1/2016

compound i 8.30% m 12

i 0.006917

first betwe 7.5 90.0000000 2nd betwee6.166667 74.00000 2nd between

1673.633 1498.869 1202.1835

sum 4374.685

deman loa 7000

payment 1 3000 2 years
pay 2 3000 4 years
pay 3 8 years

rate 6% 2 years monthly 12 in a year 24

7% 2 years semiannua 2 in a year 4
7% 4 years annually 1 in a year 4

first 0.005 second 0.035 second 0.07

7890.1184 5611.523 3423.174

balance 4890.1184 2611.523
3.5 42.00000
 value 600

years 19
rate 6%

annually 1950.034

semiannually semi annua 0.032

38

1986.002

quartlerly quarterly 0.016

76

2004.809

monthly monthly 0.005333

228

2017.67
7958.515 1950.03
7958.511

PV 1000
rate 3% i 0.007
semi annua 4

a 4 16 1118.077 118.0765
b 10.75 43 1349.793 349.7932
c 13.5 54 1457.442 457.4424

loan 2600
due 5 years term
rate 5.00%
quarterly 1 i 0.05

term
a -5 -5 2037.168
b 3 -2 2358.277
c 5 2600
d 12 7 3658.461

amount 5300
due in 6 years
rate 5.00%
frquency osemi annua 2
focal date 4 years from now

i 0.025
t 2
n 4

4801.538
monthly 4

PV 1017
FV 2888.86

term years month

8 3
0.250
final term 8.25

n 33

step 1 2.84057
step 2 1.032142
step 3 0.032142 i

i 3.21%

j 12.8569%

debt 583.24
repaid in 33 months or 2.75 in years
compoundmonthly 12
repaid 951.28

term 33

step 1 1.631027
step 2 1.014935
step 3 0.014935

nominal ra 17.9220%

PV 1300
FV 2974.16
term years month
4 11
0.916667
4.916667
compoundquarterly 12

n 59

2.287815
1.014126
0.014126 i

18.3321% nominal ra 16.9511%

An amount of ​$ earns ​$ interest in ​years, months. What is the effective annual rate if interest compounds ​?

amount 800
interest 400 in years month
quarterly 12 4 4
0.333333

t 4.333333
FV 1200

n 52

step 1 1.5
step 2 1.007828
step 3 0.007828

f 9.8086%

What is the nominal rate of interest compounded semi-annually if the effective rate of interest on an investment is 4.5%​?

interest 4.50%
quarertly 2

step 1 1.022252
step 2 0.022252
step 3 0.044505
4.4505%

A bank pays ​% compounded on certain types of deposits. If interest is compounded what nominal rate of interest will mainta

rate 6.90%
monthly 4 0.01725

another scenario
semi annua 12

step 1 0.01725
step 2 0.070806
step 3 1.070806
step 4 0.005717
nominal ra 6.8607%
ompounds ​?

an investment is 4.5%​?

nal rate of interest will maintain the same effective rate of ​interest?
Yolanda invested ​$ into an account earning ​% interest compounded for years. Assume 365 days per year.

invested 4000
rate 2.50%
compounddaily 365
years 3

a Find the n 1095

i 6.849E-05

FV 4,311.53
b How much interest is​earned?
interest 311.53

c What is the effective rate of​interest?

1.025314
2.5314%

On sept 6 2017 ​, Leah deposited 444 into a savings account that earned simple interest of 1.21​%. How much interest was earn

date 1 9/6/2017
deposit 444
rate 1.21%

date 2 3/5/2018

date differ 180

t 0.49315068493

I 2.64940273973

Using the simple interest formula ​, determine the deposit that must be made to earn 45.92 in 73 days at p.a.

FV 45.92
days 73 t 0.2
rate 6.39%

step 1 0.01278
step 2 3593.114241 deposit
find the loan principal

rate 12%
time(days) 190
interest a 10.4
Principal ?

t 0.52054794521

P 166.49122807

In how many months will​$2500 earn​$51.04 interest at​3.5%?

principal 100
interest 200 I=prt
rate 0.50%
t=i/pr)
step 1 2
step 2 0.12

400 4800 months

On September​30, an inn invested ​$23550 in a​short-term investment of 240 days. An investment of this length earns 1.2​% p.a

date 30-Sep
invested 23550
days 240 0.657534 years
rate 1.20%

S 1.00789041096
23735.8191781

Find the principal and the interest amount.

FV 3741.84
rate 3.70%
days 226 0.619178

1 1.02290958904
3658.03590081 PV

83.8040991852 interest amount

Determine m​, ​n, and i for money earning ​6.15% compounded for 93 months.

rate 6.15%
months 93 7.75 years
periods in 12

n 93
i 0.5125%
w much interest was earned and paid into​Leah's account on ​march 5 2018?
his length earns 1.2​% p.a. How much will the investment be worth at​maturity?
Find the present value and the compound discount of ​$4910.67 due 7 years from now if money is worth 4.9% compounded

FV 4910.67
due in 7 yearas
rate 5%
payments in a year 1

i 0.049
n 7
PV 3513.277

discount 1397.393

You have the choice of receiving 80,000 ​now, or 39000 now and another 56000 7 years from now. In terms of​today's dollar,

option 1 9299 is the same

option 2 39000
56000 7 years
rate 5.00%
payments in a year 1

check option 2
FV 39798.15
78798.15

differnce -69499.15

​-year note for ​$ issued on ​1, ​, with interest at compounded is discounted on ​1, at compounded What are the proceeds of

note 2700
duration 9 years
date 7/1/2014 1735
rate 4.20% 4.753425
freq 1
discount date 4/1/2019
rate 3%
freq 12

i1 0.042
i2 0.0025

n1 9
n2 57.0411

FV 3909.968

PV2 3390.931

For her​daughter's education, Georgina Harcourt has invested an inheritance in a fund paying ​5.1% compounded semi annuall
rate 3.00% compunded 2 semi annually
period 4 years
frequency of payment 12 monthly
pmt 138
i 0.015
n 48
c 0.166667
p 0.002485

0.112289
45.19546
PV 6236.973

295.75 4.91%
5619.25

($318.56)
 rth 4.9% compounded

terms of​today's dollar, which choice is better and by how​much? Money is worth 5% compounded annually.

What are the proceeds of the​note?

mpounded semi annually . If ordinary annuity payments of ​$198 per month are to be made out of the fund for 5 ​years, how much was the
for 5 ​years, how much was the​inheritance?
At what nominal annual rate of interest will money double itself in ​years, if compounded ​?

PV 800
FV 1300.00
M = number of paym 4
period 2 years

n 8
i 6.256785% 0.0625678

nominal rate 25.0271%

periodic rate 0.2747548784

effective annual rat 27.4755%

The treasurer of a credit union proposes changing the method of compounding interest on premium savings accounts to com

m 365
j /current interest r 7.10%

i 0.000195

nominal rate 0.073574 0.10145

new frequency 12 12 1.10145
0.091788
new periodic rate 0.005934 0.9082125 -0.908213
new periodic rate 0.07120351097 7.1204%

Find the term of the ordinary annuity in years and months​(from 0 to 11​months).

Fv 7742 222.1989
payment 116
frequency 2 18.51658
interest rate 6%
payment interval 6 month 6.12
i 0.03

1 1.09935913614 51.89337
2 0.02955880224
n 37.1922761674 207.5735
round up always! 38
n * frequency 228
19 years
savings accounts to compounding. If the current rate is ​% compounded ​, what nominal rate should the treasurer suggest to the board of d
surer suggest to the board of directors to maintain the same effective rate of ​interest?
Find the present value of an annuity with payments of $2250 at the end of every 6 month for 8 years. The interest rate is com
payment 80
interest 6%
m 12
period 17 years
i 0.00525

n/nper 204

125.0234229
FV 10001.87384

Trent has opened an RRSP account by making an initial deposit of ​$2200. He intends to make semi annually deposits for 14 ye

rate 5.80% frequency 1 semi annually

compound 1 period 22 years
pmt 1300 initial deposit
i 0.058

periodic c 4%

n 22

sum 1.223989029
33.08078457
43005.01994 total amount deposited

FV 1.232894039
5871%
76,322.01

ANS 33,316.99

Maya has saved ​$83600.00. If she decides to withdraw ​$2755.00 at the beginning of every 3 and interest is ​%3.16 compound
principal 11500
rate 10.50% payment 1450
compunde 2 semin annually
frequency 2 quarterly/every 3 months ANS 10.52418
i 0.0525 11
years 5
c 1
p 0.0525
The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves payments of ​$4100 at the en

(​ a) How much should the Group​borrow?

​(b) What amount will be​repaid?
​(c) How much of that amount will be​interest?

rate 5%
compound 1 annually
frequency 1 every six months
period 6 years
payment 5000
i 0.054
n 6

c 1
p 0.054

PV 25057.0211 A answer

deferment 3 years
d 3
PV 18276.19459

nper 30000 B Answer

c Answer 11723.80541
r 8 years. The interest rate is compounded semi annually

e semi annually deposits for 14 years increasing at a constant rate of ​2%. How much of the accumulated value just after the last deposit w

and interest is ​%3.16 compounded ​semi annually, for how long can she make​withdrawals? Express your answer in years and months​(fro
olves payments of ​$4100 at the end of every six months for six years. No payments are to be made during the development period of 3 ye
ue just after the last deposit was made is interest if interest is ​4.9% compounded semi annually ​?

nswer in years and months​(from 0 to 11​months).

e development period of 3 years. Interest is ​6% compounded annually.
The debt is amortized by equal payments made at the end of each payment interval. Compute​(a) the size of the periodic​paym
Outstand
Conversi
Debt Repayme Payment Interest ing
on
Principal nt Period Interval Rate Principal​
Period
 After:
6th
14000 5 1 month 6% monthly
payment
5 12 8

i 0.005
n 60
PMT 270.6592 periodic payment

FV 14569.9
FV 2203.547

Outstanding12366.35

61.83176 the interest paid by the payment following the time​indicated

Principal r 208.8275

The debt is amortized by the periodic payment shown. Compute​ (a) the number of payments required to amortize the​ debt; (b)
Outstand
Conversi
Debt Debt Payment Interest ing
on
Principal Payment Interval Rate Principal​
Period
 After:
semi 7th
16000 830 6 months 6%
annual payment
12 6
i 0.005

0.096386
0.903614 -0.00498754
20.32113

round up 21 he number of payments required to amortize the loan is 15.

FV 16486.04
FV 5042.667
11443.37 outstanding balance
$31,917.94
the size of the periodic​payments; (b) the outstanding principal at the time​indicated; (c) the interest paid by the payment following the tim

ed to amortize the​ debt; (b) the outstanding principal at the time indicated.

the payment following the time​indicated; and​(d) the principal repaid by the payment following the time indicated for finding the outsta
ndicated for finding the outstanding principal.
Jim's Machine Shop purchased a computer to use in tuning engines. To finance the​purchase, the company borrowed ​$21,000

rate 7% frequency 12 quarterly

period 2 years
deferment 3 years
compound 1 annually
principal 74000
i 0.07
d 3

FV 79180

c 0.25
p 0.0170585250018

n 24

PMT 3980.2447522648

Choosing to commute to work by driving a hybrid vehicle will save ​$160 in every quarter in fuel. If money is worth ​7.6% comp

rate 10.10%
compound 2 quarterly
payment 86000

i 0.02525
PV 3405940.5940594

Transcontinental Pipelines is considering a technical process that is expected to reduce annual maintenance costs by ​$95000.

rate 9.30%
compound 4 quarterly
payment 87000
frequency 1

i 0.02325
c 4

p 0.0962939395203

PV 903,483.65
Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be ​$4800 with the first suc

pmt 3000
rate 11.00%
compound 1 annually
deferment 4 years
i 0.11
PV 30272.727272727

d 4
PV 19941.58312639

Western Pipelines pays ​$420 at the beginning of every half year for using a tract of land. What should the company offer the

rate 7%
payment 420
compound 12 monthly
frequncy 2 quarterly

i 0.0055833333333
c 6
p 0.0339710998294
PV 12783.450171151

Barbara Katzman bought an income property for $26000 years ago. She has held the property for 4 years without renting it. If

rate 7.00%
compound 1
deferment 4
PV 26000
frequency 12

i 0.07
d 4
c 0.0833333333333
FV 34080.69626
p 0.0056541453874

PMT 191.61379927869
FV
 the company borrowed ​$21,000 at ​6% compounded annually. To repay the​loan, equal quarterly payments are made over 6 ​years, with th

uel. If money is worth ​7.6% compounded quarterly​, how much extra​money, over the price of a​gas-powered vehicle, should be invested to

l maintenance costs by ​$95000. What is the maximum amount of money that could be invested in the process to be economically feasibl
t is to be ​$4800 with the first such payment due six years after his deposit into the fund. If the fund pays ​6.7% compounded ​annually, ho

at should the company offer the property owner as a purchase price if interest is ​6.7% compounded monthly​?

y for 4 years without renting it. If she rents the property out ​now, what should be the size of the monthly rent payment due in advance if
are made over 6 ​years, with the first payment due one year after the date of the loan. What is the size of each ​payment?

vehicle, should be invested to purchase a​hybrid?

ess to be economically feasible if interest is ​5.25% compounded quarterly​?

7% compounded ​annually, how much must Alain​deposit?

ent payment due in advance if money is worth 7​% compounded annually ​?