4. Loan Payment You take a loan of \( \$ 200,000 \) to buy a house. The loan term is 20 years, and the annual interest rate is \( 4.5 \% \). What will your monthly payment be?

Si un valor inicial es \( 100 \) y el factor de crecimiento es \( 1.05 \), ¿cuál será el valor después de 3 períodos?

a. The future value of \( \$ 590 \) six years from now at 5 percent. b. The future value of \( \$ 1,000 \) saved each year for 10 years at 7 percent. c. The amount a person would have to deposit today (present value) at an interest rate of 9 percent to have \( \$ 600 \) five years from nov d. The amount a person would have to deposit today to be able to take out \( \$ 900 \) a year for 9 years from an account earning 7 percent.

Income of Ais \( 60 \% \) oess than of \( B \) and expenditure of \( A \) is equal to \( 60 \% \) of the expenditure of 8 If income of \( A \) is equal to \( 70 \% \) of expenditure of \( B \). then what is the ration of savings of \( A \) and \( B \) ?

A \( \$ 160,000 \) mortgage is to be repaid over a 20-year period by end of the month payments rounded up to the next-higher \( \$ 100 \) Interest is \( 5.44 \% \) compounded semi-annually. (a) Determine the number of rounded payments required to repay the mortgage. (b) Determine the size of the last payment. (c) Calculate the amount of interest saved by rounding the payments up to the next-higher \( \$ 100 \).

Convert an interest rate of \( 10 \% \) p.a. compounded quarterly to an annual effectiv interest rate.