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- . If you plan to invest EOY 2 $4000, then what would this be equivalent to EOY 4 years? Assume i = 6%If you borrow $12,000 at 20% interest rate for 5 years, what is your ordinary simple interest in this case?You want to be able to withdraw $25,000 from your account each year for 20 years after you retire. You expect to retire in 15 years. If your account earns 5% interest, how much will you need to deposit each year until retirement to achie your retirement goals? S
- 9. While Jack was a student at the University of Georgia she borrowed $12,000in student loans at an annual interest rate of 9%. If Jack repays $1,500 per year then how long (to the nearest year) will it take him to repay the loan?23. Engr Mazon borrows P 100,000 at 10% effective annual interest. He must ay back the loan over 30 years with a uniform monthly payment due on the fist day of the month. How much will he pays every month?. How long it take money to quadruple if it earns 3% compounded daily 16636 days 16637 days 16867 days 16868 days
- Determine the present value of an increasing perpetuity-due with annual payments starting at 100 and increasing by 50 each year until the payment reaches 500 and remain at 500 thereafter. The annual effective interest rate in 5%. Please use annuity formulas! Only typed answer give fast and don't use chat gptPlease answer using Annuity Formula. Thank youHow much do you have to deposit now a with second deposit in the amount of $700 at the end of the first year so that you will be able to withdraw $150 at the end of the second year through the fourth year, and $600 at the end of the fifth and sixth year, if the bank pavs you 4% annual interest on your balance ? Use the factor table please
- URGENT! PLEASE WRITE LEGIBLE. Question Suppose we deposit $1500 into an account that pays a simple interest rate of0.5% each month. Find the amount of interest earned at the end of 3 years?Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.Jimmy deposits $ 3,400 now, $ 2,900 3 years from now, and $ 6,000 6 years from now. Interest is 6 % for the first 3 years and 4 % for the last 3 years. a. How much money will be in the fund at the end of 6 years?