Enter Title

PV

100

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

200

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.

• What was the purchase price of the car?
• How much interest will be paid?

$12162.5259, $2057.475

PV

200

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

300

Mr. Tomas contributed $1000 at the end of each year into an RRSP paying 6% compounded quarterly.

• How much will Mr. Tomas have in the RRSP after 10 years?
• After 10 years, how much of the amount is interest?

$13265.503, $3265.50

PMT

300

What payment made at the end of each quarter for 15 years will accumulate to $12OOO at 6% compounded monthly?

$124.41

400

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

N

400

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

500

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