Calculate interest over 20 years
[DOC File]Savings, Loans, and Interest Rate
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Continue to play “what-if?”. You can change the entries for yearly savings amount; you can change the interest rate. List 4 combinations of savings and interest rates that produce $100,000 in 20 years. 4. Make a spreadsheet chart for each different interest rate. (Just chart column B) Create a line graph.
[DOC File]Simple Interest
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Find the total amount that can be withdrawn over a period of (a) 10 years (b) 20 years (c) 30 years. Assume that the withdrawals are monthly, compounded at 7.8%. Find (a) the initial deposit (b) the total amount drawn and (c) the total amount of interest for a decreasing annuity that pays 7.0% interest per year, assuming that $2000 withdrawals ...
[DOC File]TopicName Test - Jacaranda
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Calculate the total amount repaid on the loan. 4 Peter’s $6000 car loan at 8% p.a. flat interest is repaid over a period of 6 years. Calculate the effective rate of interest charged on the loan. So, the effective interest rate is 9.78% p.a. 4 A $45 000 loan at 8% p.a. reducible interest is to be repaid over 15 years at $430.20 per month ...
[DOC File]I
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interest. paid for the loan over the 20 years. (Total 6 marks) 2. The following table shows the monthly payments needed to repay a loan of $1000 with various rates and time periods. Table of Monthly Repayments per $1000 Annual interest rate Loan Term (months) 5% 5.5% 6% 6.5%
[DOC File]1 - Purdue University
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Each year the fund pays the interest earned to Julie. Julie can only reinvest the interest at an annual effective interest rate of 6%. After 20 years, Julie has 100,000 total including the amount in the fund plus the reinvested interest. Calculate S. 21,374 22,540 34,121 46,577 66,189 Megan invests 500 …
[DOC File]1 - Purdue University
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The interest rate on the loan 7.5%. Calculate the interest in the 5th payment. 1715 1733 1752 1769 1786 A loan of 30,000 is to be repaid using the sinking fund method over 6 years. The interest on the loan is paid at the end of each year and the interest rate is 10%.
[DOC File]INFLATION, CASH FLOWS AND DISCOUNT RATES
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Example: Three years ago, Lion Steel issued 20-year $1,000 (face value) bonds at par and with a yield to maturity y = 7 percent. Each bond pays a $70 annual coupon. Interest rates in general are currently higher than they were three years ago and the yield to maturity on a Lion Steel bond is 8%.
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