Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 11.8% compounded annually, and the balance after eight years is $15,500, what is the size of the monthly payment
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Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 11.8% compounded annually, and the balance after eight years is $15,500, what is the size of the monthly payment?
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?Jason's loan for $8500.00 is repaid by equal payments of $525.00 that are made at the end of every month. If his interest is 11% compounded semi-annually, how much will be paid out of pocket (in total) to repay the loan plus interest?Harlan made equal payments at the end of each month into his RRSP.if interest in his account is 9.6% compounded semi -annually ,and the balance after eleven years is $17500, what is the size of the monthly payment .
- Harlan made equal payments at the end of each month into his RRSP. If interest in his account is 9.8% compounded quarterly, and the balance after six years is $17, 000, what is the size of the monthly payment? The size of the monthly payment is $Harlan made equal payments at the end of each month into his RRSP. if interest in his account is 5.8% compounded quarterly, and the balance after ten years is $14,500 what’s is the size of the monthly payment? Please don't answer in handwritten..thankuA person borrows $9000 from a bank and agrees to pay it off by equal payments at the end of each month for two years. If interest is at 13.2% compounded monthly, how much is each payment?
- Abe deposited a sum of money at the end of every month for 15 years at 8.5% compounded monthly. After the last deposit, interest for the account is to be 3.5% compounded quarterly and the account is to be paid out by end-of-quarter quarterly payments of $5905.00 over 17 years. What is the size of the monthly deposit? Select one:In order to pay off a debt that he took out today, Roger will have to make a payment of $3,500 in 15 months and $5,500 in 36 months. The interest rate is 8% compounded quarterly. What is the total amount of interest that is included in these payments?Tom deposits $100 to his investment account at the end of each month for the first n month, and $200 to his account on the next 2n month. The account has monthly effective compound rate interest i. The money is doubled every n month in his investment account. At the end of 3n month, his balance in this account is $250,000. Find the effective monthly interest i and the number of months n.
- At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually. How much is in the account today? How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year? (Use Future Value of an AnnuityVincent received a loan of $8,100 at 5.50% compounded monthly. He settled the loan by making periodic payments at the end of every three months for 5 years, with the first payment made 2 years and 3 months from now. What was the size of the periodic payments?A man deposits $19,000 at the beginning of each year for 9 years in an account paying 6% compounded annually. He then puts the total amount on deposit in another account paying 8% compounded semiannually for another 7 years. Find the final amount on deposit after the entire 16-year period. He will have a final amount of $_ after the entire 16-year period.