Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 28. $400
Question:
Find the present value of the ordinary annuities in Problems 21-32.
Transcribed Image Text:
Amount of Deposit m 28. $400 Frequency n quarterly Rate r 11% Time t 20 yr
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
To find the present value of an ordinary annuity we use the present value of annuity formula which i...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Sciences questions
-
Doing business is all about balancing the negative & positive impacts of stakeholders and proceeding ahead for the achievement of business goals. Explain the impacts of stakeholders on the business...
-
Find the present value of the following ordinary annuities (see the Notes to Problem 4-12). a. $400 per year for 10 years at 10% b. $200 per year for 5 years at 5% c. $400 per year for 5 years at 0%...
-
Today is the 1st of July 2022. You have been brought in to manage the expansion of a company's debt portfolio. The A company, operates a number of tunnels and bridges in the city area. They are...
-
Sodium sulfate, Na2SO4 with a mass of 15 g is dissolved in 250 g water. What is the boiling point of the solution? Kb for water = 0.52 C/m a) 100 C b) 100.2 C c) 99.67 C d) 101.2 C c) d) O a) b)
-
Find the efficiency of a cycle consisting of two isobaric and two isothermal lines if the pressure varies n-fold and the absolute temperature n-fold within the cycle. The working substance is an...
-
How can companies utilize social media collaboration tools to become more competitive?
-
What does the phrase theory of the case mean? Why is it important to develop a theory of the case in advance of trial?
-
John Smith has developed the following forecasting model: Y = 36 + 4.3X1 Where Y = Demand for K10 air conditioners X1 = the outside temperature (F) (a) Forecast the demand for K10 when the...
-
The University engaged a consultant to perform a price sensitivity analysis on the willingness (ability) of the families of college-bound students in the tri-state area to purchase a college...
-
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 29. $30 Frequency n monthly Rate r 8% Time t 5 yr
-
Find the present value of the ordinary annuities in Problems 21-32. Amount of Deposit m 27. $200 Frequency n quarterly Rate r 8% Time t 20 yr
-
The accompanying table lists the numbers of House sittings in each of 18 Parliaments, randomly selected from three different time periods. Parliaments lasting less than a year were not sampled. Using...
-
Discuss some limitations in the relational database model.Discuss the benefits of encapsulation.Discuss what an object/relational database is.?
-
1. Explain what is 'neighborhood principles' with relevant case law. 2. Explain FIVE (5) exception when it comes to Nemo Dat Rule. (5 Marks) (5 Marks) 3. Explain THREE (3) condition that must be...
-
If we could have a system where anyone of any age could opt-in to Medicare by paying a modest premium, would you prefer that system? Why or why not?
-
Reactants and products of lactic acid fermentation Sort the following items according to whether they are reactants or products in the anaerobic reduction of private during lactic acid fermentation....
-
discuss the advantages and disadvantages of Database Management Systems (DBSMs). What do you personally think of Database Management Systems?
-
The balance sheet of Kishwaukee Corporation as of December 31, 2014, is as follows. Note 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of...
-
Solve for the equilibria of the following discrete-time dynamical systems Pr pt+1 = Pr+2.0(I-Pr)
-
According to the physicist Richard Feynman, Science is the culture of doubt. Does this mean that science is an unreliable guide to the natural world?
-
The object in the sky that apparently moves least in the course of time is a. Polaris b. Venus c. The sun d. The moon
-
You are lost in the northern hemisphere in the middle of nowhere on a clear night. How could you tell the direction of north by looking at the sky?
-
The controller of Oriole Production has collected the following monthly cost data for analyzing the behavior of electricity costs. Total Electricity Costs Total Machine Hours January $2,580 240...
-
Dan and Deanna Strickland were vacationing in Brazil when they received a call from their daughter, Natasha Strickland, one of the owners of Metta Rest Spa (Metta), a flotation spa in Vancouver,...
-
On July 1, 2023, Watson paid $42 million for bonds of Carnes Inc; the bonds have a face value of $58 million. The coupon rate on the bonds is 5% and the market rate of interest was 7% at the time of...
Study smarter with the SolutionInn App