bingung mau upload apa :3 ini soal dari dosen aku hehe selamat mencoba
1. $30,000
is invested in a fund earning 10 % compounded quarterly. The first
quarterly withdrawal of $3000 will be taken from the fund two years from
now. How many withdrawals will it
take to deplete the fund? (Nilai : 20)
2. You invested $ 6000 at 6 % compounded quarterly. After 2 1/2 years, the rate changed to 8 % compounded monthly.
What amount will
you have 5 years after the initial
investment? (Point : 15)
3. You borrowed $ 9000 at 7% compounded monthly. On the first,second, third anniversaries of
the loan, you made payments of $3000. What is the balance outstanding immediately
following the third payment? (Point
: 20)
4. Your parents are discussing the terms of the
$150 000 mortgage. They are considering an interest rate of 5% compounded monthly. If you were to take to
15 year repay the mortgage, find the size of the monthly payment. How much interest will you pay your parents
over the 15 year period?
As those amount of interest shocks you, you discuss
the possibility of making payments of $2000/month, to save some time and
interest costs. Determine the time it will take you to repay your mortgage
at this new rate. Approximately how much money do you save in
interest charges by paying $2000/month. (Point : 35)
5. Ace
Hardware has a promotion on a bedroom set selling for $4000. Buyers will pay “no money down and no
payments for 12 months.”The first of 36 equal monthly payments is due 12
months from the purchase date. What should the monthly payments be
if York Furniture earns 24% compounded monthly on its account receivable during
both the deferral period and the repayment period? (Point:
25)
6. Benson automotive needs $120,000 to upgrade shop
tools. The simple discount note has a
9.5% rate and matures in 90 days. Find the face value of the loan ! (Point :10)
7. You
already have $10000 saved for your down payment. After 2 years, you save
$1000 per month, for the next 3 years, find the size of
your available down payment. Assume you can earn 6% compounded monthly on all of your
savings. (Point :20)
8. What is
the equivalent value on June 15th
of a $1000 payment due on the following September 24, if money can earn 6 %? (Point :10)
9. You
invest $5,000 on Mar. 20 at 6% The changes in interest rates are as follows:
Mar 20 at 6%,
April 2 at 7%, and May 17 at 7.5% How
much Interest did I earn up to July 1st ? (Point :10)
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