PV
Calculate the present value of payments of $250 made at the end of every 3 months for 12 years if money is worth 3% compounded monthly.
$10041.88
A car was purchased for $1500 down and payments of $265 at the end of each month for four years. Interest is 9% compounded quarterly.
$12162.5259, $2057.475
To attend school, Sam deposits $1500 at the end of every six months for four and one-half years. What is the accumulated value of the deposits if interest is 6% compounded quarterly?
$15252.9478
Mr. Tomas contributed $1000 at the end of each year into an RRSP paying 6% compounded quarterly.
$13265.503, $3265.50
What payment made at the end of each quarter for 15 years will accumulate to $12OOO at 6% compounded monthly?
$124.41
Mr. and Mrs. White applied to their credit union for a first mortgage of $190 OOO to buy a house. The mortgage is to be amortized over 25 years and interest on the mortgage is 4. 9% compounded semi-annually. What is the size of the monthly payment if payments are made at the end of each month?
$1094.258
Mirsad is saving $500 at the end of each month. How soon can he retire if he wants to have a retirement fund of$120 OOO and interest is 5.4% compounded quarterly?
13.61 years
To repay a loan of$35 OOO, Arial Company pays out $6000 at the end of each year. If interest on the loan is 8% compounded quarterly, how many payments will it take to repay the loan?
8.2763 years