Question
1)Compute the present value of a perpetuity that pays $ 5,868 annually given a required rate of return of 14 percent per annum. (Round your
1)Compute the present value of a perpetuity that pays $ 5,868 annually given a required rate of return of 14 percent per annum. (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
2)Assume that you deposit $ 14,579 each year for the next 15 years into an account that pays 12 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
3)Assume that you deposit $ 2,254 into an account that pays 4 percent per annum. How much money will be in the account 20 years from today? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
4)You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 177 (first payment made at t = 1), followed by five annual payments of $ 564 , followed by four annual payments of $ 855 . How much did you borrow? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign).
PLEASE ANSWER ALL FOUR will leave a positive rating!!
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