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. 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

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 \( \$ 100 \).

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

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

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.