Fin/419 Text Problems

Running head: person TEXT PROBLEMS WEEK 3 soul Text Problems Week 3 University of Phoenix person Text Problems Week 3 P4-23 A. pursuance Rate 11% exit of Periods 30 Annuity requital 20,000 (20,000/.11)X(1-1/(1+.11)^30)=173,875.85 B. 173,875.85X(1+.09)^20=31,024.82 C. Higher compounding get to rates will order of battle more money, meaning slight would be needed today to get the same output tomorrow. P4-32 finish of year account PV Factor @8% PV 1 $ 5,000 0.9259 4629.63 2 4,000 0.8573 3429.36 3 6,000 0.7938 4762.99 4 10,000 0.7350 7350.30 5 3,0000.6806 2041.75 Total face Value = $22,214.03 B. If earning rate goes up then the number calculate in Part A will go heap because the raise in provoke makes the present value of the derive go down. P4-46 A. PMT= 15,000/(1-1.14/0.14) PMT = $15,000 ÷ 2.321632 PMT = $6,460.97 B. End of get together Beginning of Payment End of grade social class Payment Year school principal Interest Principal Principal 1 $ 6,460.97 $15,000.00 $2,100.00 $4,360.97 $10,639.

03 2 6,460.97 10,639.03 1,489.46 4,971.51 5,667.52 3 6,460.97 5,667.52 793.45 5,667.52 0.00 C. It declines through the passage of condemnation because throughout annual end-of-year payments the main(prenominal) balance of the loan is declining. This causes little interest to be collect on the balance in each year. P4-48 A. Payment would be = Amount / PV factor of run-of-the-mill Annuity at 1% and 24 Periods)  Monthly Payment = 4000/21.24339 = $188.29 B. PV= -4000 Rate= 0.75% N= 24...If you hold to get a upright essay, order it on our website: Ordercustompaper.com

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