Answer:
$5,793.40
Explanation:
The amount you invest is called the Principle Value (PV). Therefore the question requires us to determine the Principle Amount that will pay you a lump sum of $30,000 25 years from today.
<em>FV = $30,000</em>
<em>N = 25</em>
<em>PMT = ($1,000)</em>
<em>P/Yr = 1</em>
<em>I = 6 %</em>
<em>PV = ?</em>
Using a Financial Calculator to input the values as shown above, the Principle Value (PV) is calculated as $5,793.40.
Therefore, you will be willing to invest $5,793.40 today to have this investment in your portfolio
The most important factor is considering the tuition. A lot of students experience problems regarding expensive student loans and gradually being in debt after school. To prevent this, keep you pool within your financial capability. Then, the basic information comes next, like the courses offered and the quality of education and training.
Answer:
The correct answer is $112,000.
Explanation:
According to the scenario, the given data are as follows:
Home insured = $160,000
Cost to rebuild = $180,000
Personal property coverage = 70%
So, we can calculate the amount of coverage by using following formula:
Amount of coverage = Home insured × Personal property coverage
By putting the value, we get
Amount of coverage = $160,000 × 70%
= $112,000
The monthly payments, given the selling price, the down payment, and the rate is, D. $540.17
<h3>How to find the monthly payment?</h3>
First, find the loan amount:
= Selling price - down payment
= 104, 000 - 24, 000
= $80, 000
The monthly payment is an annuity because it is constant. To find this annuity, find the monthly periodic rate and the number of monthly periods:
Monthly rate :
= 6.5% / 12
= 6.5%/12
The number of periods is:
= 25 x 12
= 300 months
Then put this into an annuity calculator to find the monthly payment to be:
= Loan amount / Annuity factor
= 80, 000 / 148.1
= $540.17
Find out more on monthly payment at brainly.com/question/27926261
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