Ordinary Annuities and Annuities Due As discussed in the text, an annuity due is identical to an
Question:
Ordinary Annuities and Annuities Due As discussed in the text, ‘an annuity due is identical to an ordinary annuity except that the periodic payments occur at the beginning of each period and not at the end of the period. Snow that the relationship between the value ‘of an ordinary annuity and the value of an otherwise equivalent annuity due is:
Annuity due value = Ordinary annuity value × (1 + r)
Show this for both present and future values.
AnnuityAn annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
To solve for the PVA due 1r 1r PVA due C 1r PV...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
As discussed in the text, an annuity due is identical to an ordinary annuity except that the periodic payments occur at the beginning of each period and not at the end of the period. Show that the...
-
As discussed in the chapter, abnormal earnings (AE) are AEt = Actual earningst - Required earningst which may be expressed as AEt = NOPATt - (r x BVt-1) where NOPAT is the firms net operating profit...
-
As discussed in the chapter, GfK Roper Consulting con-ducts a global consumer survey to help multinational companies understand different consumer attitudes throughout the world. In India, the...
-
My company is Target (TGT). In this project, you will find and discern the appropriate data to determine a realistic assessment of the weighted average cost of capital for a firm of your choosing....
-
Pigeons are bred to display a number of interesting characteristics. One breed of pigeon, the "roller," is remarkable for the fact that it does a number of backward somersaults as it drops straight...
-
Using test data on 20 types of laundry detergent, an analyst fitted a regression to predict Cost- PerLoad (average cost per load in cents per load) using binary predictors TopLoad (1 if washer is a...
-
Ina recent year, National Air Lines, Inc., filled 50 percent of the available seats on its flights, a record about 15 percentage points below the national average. When you answer this question,...
-
Use the information about each of the following samples to compute the confidence interval to estimate p. a. n = 44 and p = .51; compute a 90% confidence interval. b. n = 300 and p = .82; compute a...
-
Let f(x) = 5(23-4+6). Then, f'(x) 35x3 - 40x +30 f'(3) 261-45 = 2 x
-
Classify each function as a power function, root function, polynomial (state its degree), rational function, algebraic function, trigonometric function, exponential function, or logarithmic function....
-
Perpetual Cash Flows What the value of an investment that pays $7,500 every other year forever, if the first payment occurs one year from today and the discount rate is 11 percent compounded daily?...
-
Calculating Growing Annuities you have 30 years left until retirement and want to retire with $1 million. Your salary is paid annually, and you will receive $55,000 at the end of the current year....
-
A circuit with impedance Z = 8.0 j6.0 has an applied phasor voltage 70.7 90.0 V. Obtain the complete power triangle.
-
After taking out a loan today at a rate of 7%, an individual must repay 10,000, 20,000 and 30,000 in one, two and three years respectively. 1) What is the loan amount? Following the difficulties, he...
-
Which operation does not take place in the following example? int x = 21; double y = 6; double z = 14; y = x/z; x = 5.5*y;
-
Discuss how did your understanding of the field of developmental psychology and lifespan perspective change. What are three concepts/areas within developmental psychology that you found most...
-
In Year 2, the Nord Association, a nongovernmental not-for-profit organization, received a $100,000 contribution to fund scholarships for medical students. The donor stipulated that only the interest...
-
Briefly describe the team in which you worked. Why do you consider it a team rather than a group? What was your experience like? Specifically, how did you experience collaboration, conflict, or other...
-
For each function pertaining to cash disbursements transactions, indicate the applicability, if any, of (a) proper authorization (b) independent checks.
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
If the appropriate discount rate for the following cash flows is 6.18 percent per year, what is the present value of the cash flows?
-
Simple Simons Bakery purchases supplies on terms of 1/10, net 25. If Simple Simons chooses to take the discount offered, it must obtain a bank loan to meet its short-term financing needs. A local...
-
Your firm purchases goods from its supplier on terms of 3/15, net 40. a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40? b. What...
-
Use the financial statements supplied below and on the next page for International Motor Corporation (IMC) to answer the following questions (see MyFinanceLab for the data in Excel format): a....
-
31 BT E R ole]1i 1o 2111Trial balancev For the Quarter Ended May 31, 2022For the Year Ended May 31, 2022May 31, 2022 Totals $ $ Current Attempt in Progress Julia Dumars is a licensed CPA. During the...
-
Chief Customer Officer Jayden Hayden has asked sales analyst Paige Sage to analyze the company's Western Kentucky district. Paige intends to calculate ROAM for the district. She has compiled the...
-
Which of the following statements is correct?If the demand curve for a firm's stock is relatively flat, the firm will have a more difficult time raising alarge amount of new equity funds for...
Study smarter with the SolutionInn App