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.

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

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 \( \$ 100 \). (a) The number of monthly payments require to repay the mortgage is 237 ... (Round up to the nearest whole number.) (b) The size of the last payment is \( \$ \square \). (Round to the nearest cent as needed.)

A lawnmower was traded in for \( R 236 \) after 10 years. The depreciation was calculated at \( 9,2 \% \) p.a. on a straight-line basis. Determine the cost of the lawnmower 10 years ago.

2.2 Convert an interest rate of \( 10 \% \) pal compounded quarterly to an annual effective interest rate. A lawnower was traded in for 2.326 anter 10 years. The depreciation was caleulated at \( 9.2 \% \) p.a. on a straight-line basis. Determine the cost of the lawnmower 10 years ago.

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 \( \$ 100 \).