 Transcribed Image Text:Directions: Choose the letter of the correct answer and write it on the space provided. 1. A sequence of payments made at equal (fixed) intervals or periods of time. A. Annuity B. Annuity Due 2. It is the amount of each payment. A. Payment interval B. Periodic payment 3, It is the time between the purchase of an annuity and the start of the payments for the deferred annuity. A. Period of deferral B. Annuity payment 4. A type of annuity in which the payments are made at the end of each payment interval. C. Ordinary Annuity D. Simple Annuity C. Annuity payment D. Time payment C. Payment interval D. Period of payment C. General Annuity D. Ordinary Annuity A. Annuity due B. Simple Annuity 5. Compounding quarterly means that the interest period is A. every year B. every 4 months 6. In a monthly payment of P 2,000 for 5 years that will start 7 months from now, what will be the period of deferral? A 7 7. A loan is given an annual payment of P 8,000 for 12 years that will start 5 years from now. What is the period of deferral? A. 4 C. every 6 months D. every 3 months В. 5 С. 4 D. 6 В. 7 С. 12 D. 60 Q: P Use PMT= to determine the regular payment amount, rounded to the nearest dollar. -nt 1- The price… A: *** This is the problem related to financial mathematics and we are Advanced math expert and have… Q: Dan borrowed $1826.00 today and is to repay the loan in two equal payments. The first payment is in… A: Click to see the answer Q: Consider a home mortgage of $200,000 at a fixed APR of 6% for 30 years. a. Calculate the monthly… A: We need to find payments. Q: You have a total credit card debt of $4800.You receive an offer to transfer this debt to a new card… A: Given You have a total credit card debt of $4800.You receive an offer to transfer this debt to a new… Q: Use the unpaid balance method to find the finance charge on the credit card account for August. The… A: Finance charge (I) can be evaluated using: I=PRT, where I=Financial charge P=Average Daily balance… Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a… A: We will find out the required value. Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a… A: Given that, the price of the cabin is $70,000 and the down payment is 5%. Obtain the down payment.… Q: An individual borrowed $79,000 at an APR of 3%, which will be paid off with monthly payments of $455… A: SOLUTION- SINCE WE HAVE GIVEN ONLY PART(a) IN QUESTION POSTED BY YOU' SO I HAVE SOLVED ONLY PART(a) Q: 5. Bart needs to borrow $7,000 from a local bank. He uses the table of monthly payments on page 159… A: here we will find monthly payments for 2,3 and 5-year loan, Q: Find the cost of purchasing an annuity that pays $25,000 per year for 20 years. The interest rate is… A: Click to see the answer Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a… A: Given that, the cost of the cabin is $55,000, the down payment is 5%. Obtain the Loan amount. Loan… Q: Write an appropriate word in each blank so that the resulting statement is true. Although each… A: Click to see the answer Q: Use to determine the regular payment amount, rounded to the nearest dollar. Consider the following… A: Click to see the answer Q: for the given bond, whose interest rate is provided find the semiannual simple interest payment and… A: Given Principle Amount-10000$ Rate of interest-1.5% . Time of bond -11 years And we have to find… Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a… A: We will find out the required value. Q: Assume that you have a balance of $4500 on your Visa credit card and that you make no more charges.… A: Given information Balance=$4500 APR=21% And each month you make only the minimum payment of 2.5% of… Q: You plan to purchase dental insurance for your three remaining years in school. The insurance makes… A: See the handwritten solution Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a… A: The objective is to find the monthly for the 20-year options. Given: Price of cabin is: $ 50,000.… Q: Consider a home mortgage of $200,000 at a fixed APR of 6% for 30 years? a. Calculate the monthly… A: Click to see the answer Q: 66. Mortgage What are the monthly payments on a mortgage of $60,000 at 9% interest if the loan is to… A: MORTGAGE What are the monthly payments on a mortgage of $60000 at 9% interest if the loan is to be… Q: (a) What are the monthly principal and interest payments (in $) for each loan? 15-year mortgage$… A: Click to see the answer Q: a inancial calculator 15. Assume you get a 25-year $130,000 mortgage loan at 6.5% interest. Use your… A: You can solve the problem by using some formulas as follows : Q: y payments of ₱3,500.00 for school expenses, if the first payment is to be made on his 16th… A: Let the amount set aside on a boy's seventh birthday be x. The amount at 16th birthday at a 10%… Q: Use PMT =- · to determine the regular payment amount, rounded to the nearest dollar. In terms of… A: Click to see the answer Q: Need help with this question please. Thank you! A: From the provided information, a) Q: Use PMT to determine the regular payment amount, rounded to the nearest dollar. The price of a small… A: Answer Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a… A: Click to see the answer Q: ou are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you… A: Given that The total house costs = $200,000 Down payment = $29,000 Therefore, Loan amount =… Q: You carry over a balance of $500 on a recent purchase of a new refridgerator, you will just pay the… A: Given: Carry over balance =$500 APR=18.99% Q: a) Write down a formula for the monthly payment. What is the monthly payment? (b) How much of the… A: (a) Write down a formula for the monthly payment. What is the monthly payment? An equated monthly… Q: Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid… A: Click to see the answer Q: The Howe family recently bought a house. The house has a 30-year, $165,000 mortgage with monthly… A: First let's find the monthly payments Principal (P) = $165000 n = 30 years = 360 months r = 8% =… Q: For the given bond, whose interest rate is provided, find the semiannual interest payment and the… A: Consider the provided question, Given, P = $11,000 Time, T = 5 years rate of interest, R=3.95% The… Q: For the given bond, whose interest rate is provided, find the semiannual interest payment and the… A: Click to see the answer Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. In terms of paying… A: Click to see the answer Q: off early. Sum-of-the- Sum-of-the- Number of Payments Payments Remaining Rebate Digits Payments… A: Click to see the answer Q: Use the average daily balance method to compute the finance charge on the credit card account for… A: There are several methods to calculate the finance charge on a credit card. The average daily… Q: Q 1/ What is the amount of interest on a loan of (70,000) to be repaid within (10) years in th form… A: The initial amount taken from the bank is called as principal amount. The interest is levied by the… Q: Consider a student loan of $12,500 at a fixed APR of 9% for 15 years Calculate the monthly payment… A: To find the monthly payment Q: The price of a home is $240,000. The bank requires a 15% down payment. The buyer is offered two… A: Given that, The price of a home is $240, 000. The bank requires a 15% down payment. The buyer is… Q: You are a loan officer at the West Elm Savings and Loan. Mr. and Mrs. Brady are in your office to… A: Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want… Q: Consider a home mortgage of $225,000 at a fixed APR of 4.5% for 15 years. a. Calculate the monthly… A: a) Given: Principal P = $225,000 APR = 15% = 0.045 Years Y = 15… Q: When you purchased your house, you took out a 30-year annual-payment mortgage with an interest rate… A: Given annual payment= $12000intrest rate= 6% Q: Select the appropriate response from the drop down menus. The longer the length of the term loan the… A: The longer the term , the interest rate increases. Q: Determine the monthly payment for the installment loan. Amount Financed (P) Annual Percentage Rate… A: Click to see the answer Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest… A: Click to see the answer Q: Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest… A: Given: Present value, PV =$70,000 Interest rate, r =6%=0.06 Number of periods, n =10 years Formula… Q: Calculate the missing information for the installment loan that is being paid off early. Sum-of-the-… A: Given data: The numbers of payments are n=36. The payment already done is p=21. The expression for… Q: Calculate the missing information for the installment loan that is being paid off early. Sum-of-the-… A: Given problem is : Solution : Q: You must decide whether to buy a new car for $21,000 or lease the same car over a three-year period.… A: Click to see the answer Which of the following is the time between successive payments?A payment interval is the time between successive payments.
Is a sequence of payments made at equal fixed intervals or periods of time Brainly?A series of payments made at equal intervals of time is called an annuity.
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Which of the following is a sequence of payments made at equal intervals or periods of time?
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