What is the amount of each payment

Reference no: EM133430317

Question: An engineering college want to a $80,323 trust fund for course textbooks each semester during the regular school (two times a year). If the fund has a 5% nominal interest rate compounded biannually, how much must be in the fund to start to keep it going indefinitely?

Calculate the EUAW if you make a $6,741 capital expenditure that should make $2,683 per year over the next 7 years. Your investment's TVOM is 16%

A company wants to replace a current machine. It will cost $1,762,503, 6 years from now. If they save $8,847 a month in an account that gives them 0.61 per month, how much money will they still need to pay for the machine.

You win a cash prize worth $12,431 that you want to use to buy a new car, worth $42,252. How much will your payment be, per month, if the dealer gives you a 6.5% nominal interest rate for 50 months.

You want to borrow $10,512. You must repay the loan in 10 years in equal monthly payments and a single $4,069 payment at the end of 10 years. Interest rate is 12% nominal per year.

What is the amount of each payment?

(Note that the single payment at the end of the period (aka balloon payment) is in addition to the regular payment scheduled for that period)

Reference no: EM133430317

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