ACTB40 Study Guide - Final Guide: Down Payment

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= 150. 00(124. 4747396) = . 21: find the present value of ordinary semi-annual payments of . 00 for five years at 5. 45% p. a. , compounded semi-annually. = . 45: an installment contract for the purchase of a car requires payments of . 60 at the end of each month for the next three years. = 2700. 00(22. 2084332) = . 77: interest = 2700. 00(40) - 59962. 71 = 108000. 00 - 59962. 77 = . 23. Pv some periods before payment is made: kam expects to retire in 22 years. Beginning one month after his retirement he would like to receive . 00 per month for 25 years. Pv = 90538. 48(1. 0051)-264 = 90538. 48(. 261067) = . 61: planning for their child"s college education, sean and jessica opened an account by depositing an amount that earns 8. 00% compounded yearly. Answer: balance in account 15 years from now. Pv = 38656. 45(1. 08)-15 = 38656. 45(. 315241705) =$ 12186. 13: karen peters bought their neighbor"s farm for 000. 00 down payment and payments of.

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