Question

1. Annually payments of 12, 000.00 with interest rate of 10% conpounded semi- annually for 6 years.

2. Daily payments of 20 for 30 days with interest rate of 20% compounded annually.

3. Monthly payments of 2, 000.00 for 5 years with intereat rate of 15% compounded annually.

4. Paolo borrowed 100, 000.00. He agrees to pay the principal plus interest by playing equal amoint of money each year for 3 years . What should be this annual payment if interest is 18% compounded annually?

plsss help uss ​

Answer 1

Step-by-step explanation:

• 10.25%
• The effective annual rate of 10 percent compounded semiannually will be 10.25%.

• 4747.52
• FV = PV (1 + r)^n = 20 (1 + 0.2)^30 = 20 (1.2)^30 = 20 (237.376) = 4747.52

• The formula for compound interest is A = P(1 + r/n) (nt), where P is the principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods

• : x = 78732000/2029. Based on the given conditions, formulate: x / 8% - x * 8% + 1 0 - 3 / 8% = 100000 Calculate the sum

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