I made a 20% down payment on a house which is $20,000 for that.
I need the monthly payments on annuity: 5 yrs at 5% interest.
Can someone help me figure out the answer? and how to get the answer??
Posts Tagged ‘Math’
Math Problem -Annuity?
04
Jun
Three Math Problems…?
25
May
Mr. Lehoc has just retired after 23 years with the company. His total pension funds currently have an accumulated value of $351,000, and his life expectancy is 20 years. His penshion fund manager assumes he can earn 15% return on his assets. What will be his yearly annuity for the next 20 years?
Jennice won in a lottery. Now she has to select one of the three following alternatives: $1,000 now, $200 a year for ten years, or $4,000 at the end of 10 years. Assuming she could earn 12% annually, which alternative should she use?
Apple Software has $1,000 par value bonds outstanding with 12% coupon. The bonds will mature in 25 years. Compute the current price of the bonds if the present yield to maturity is 8%.
Figured out everything else but these three are giving me problems….
Little math problem….?
24
May
Mr. Lehoc has just retired after 23 years with the company. His total pension funds currently have an accumulated value of $351,000, and his life expectancy is 20 years. His penshion fund manager assumes he can earn 15% return on his assets. What will be his yearly annuity for the next 20 years?
Math Help!!! Calculate the future value of the following:?
19
May
$5,000 compounded annually at 6% for 5 years
o $5,000 compounded semiannually at 6% for 5 years
o $5,000 compounded quarterly at 6% for 5 years
o $5,000 compounded annually at 6% for 6 years
Answer the following: What conclusions can be drawn about the frequency of compounding interest? What conclusions can be drawn about the length of time an amount is compounding?
Calculate the present value of the following:
o $7,000 in 5 years at an annual discount rate of 6%
o $7,000 in 5 years at a semiannual discount rate of 6%
o $7,000 in 5 years at a quarterly discount rate of 6%
o $7,000 in 6 years at an annual discount rate of 6%
Answer the following: What conclusions can be drawn about the frequency of the discounting interval? What conclusions can be drawn about the length of time until the receipt of that value?
Answer the following: Assume you have a choice between two annuity contracts. Contract A pays $5,000 per year for 5 years starting one year from today. Contract B pays $5,000 per year for 5 years starting today. The discount rate for each is 6%. Which annuity contract would you choose for your retirement? Why?
I am really not good at this please help.
Appreciate ur time and help!
math term help!!! you get 10 points if you can help! need really soon!?
18
May
Which of the following annuity terms best match each of the statements below?
Aannuity due
Bannuity
Cordinary annuity
Dincreasing annuity
Esinking fund
FNone of the above
1.An annuity set up to increase in value over an unspecified number of time periods.
2.An annuity created at the beginning of a period to withdraw funds over equal time periods in the future.
3.An annuity where payments are made at the beginning of the time period.
4.An annuity where payments are made at the end of the time period.
5.An annuity created for a particular amount to be available at a specified future time.
6.A sequence of equal payments made at equal time periods.
Annuities and Mortgages math questions?
16
May
Marie bought a house for $151,000. She put down 10% in cash and financed the rest with a 30-year mortgage at 6.3% annual interest.
1. What are her montly payments?
2.If she repays the entire loan as planned, what is the total amount she will have repaid?
probility math question, help please?
16
May
Suppose that 75% of all investors invest in traditional annuities and 45% of them invest in the stock market. If 85% invest in the stock market and/or traditional annuities, what percentage invest in both?
suggest you use venn diagram technique cuz that what i am learning. But i can’t figure out where all those percentage number should go.
Help with math problems?
14
May
Find the future value of annuity due. How much from contributions and how much from interest
1. $750 deposited at the beginning of the month for 15yrs at 5.9% compounded monthly
2. $250 deposited at the beginning of each quater for 12yrs at 4.2% compounded quarterly
Business math annuities help please.?
11
May
The owner of Oak Hill Squirrel Farm deposits 1000$ at the end of each quarter into an account paying 8% compounded quarterly. What is he value at the end of 5 years 6 months?
I know which formula to use and how to do this type of problem.
but the thing that confuses me is 5 years 6 months how do you input that?
m=1000$
n=4
t=5
r=8%
will t = 5 years & 6/12 or 5.6 or what?
Math Help Please How Is This Done?
07
May
A balance A, after n annual payments of P dollars have been made into an annuity earning an annual a percentage rate of r compounded annually, is given by A= P(1+r) + P(1+r)^2+……+ P(1+r)^n
Rewrite the formula by completing the factorization A= P(1+r)( )
Math Formula Help?
06
May
Alright, here is the question:
Bob is considering two different investment structures for his IRA. One structure has him pay $500 each month into an account with an APR of 7.2%. The second structure has him pay $1500 every quarter into an account with an APR of 7.3%. Which structure will give Bob a better return on his investment in 30 years? In 5 years?
Okay, my question is do I use a compound interest formula, or an annuity formula? I do not need the actual problem solved, just which formula to use. : )
Using the compound interest and annuity formula… (math help)?
06
May
Luis has $150,000 in his retirement account at his present company. Because he is assuming a position with another company. Luis is planning to “roll over” his assets to a new account. Luis also plans to put $3000/quarter into the new account until his retirement 20 yr from now. If the account earns interest at the rate of 8% a year compounded quarterly, how much will Luis have in his account at the end of his retirement?
HINT: Use the compound interest formula and the annuity formula.
Please help with this math question?
05
May
Find the future value of annuity due. How much from contributions and how much from interest
$1500 deposited at the beginning of each semiannual period for 11yrs at 5.6% compounded semianually
can someone help me solve these math problems?
01
May
find the future value of annuity due. how much contributions and how much from interest
1. $250 deposit at beginning of each year quarter 12yrs at 4.2%
quarterly
2. 1500 deposited beginning of each semi annual per 11yrs at 5.6% compounded semi annually
Future Value Math Question?
30
Apr
Find the Future Value of an annuity. Given the periodic PMT=$2000, i=0.005, n=30. Round all final answers to the nearest penny.