a) you want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years You expect annual interest rates will be 8 percent over that time period What is maximum price you would willing to pay for the annuity Find the future value of amount 100 if interest rate is 10 and number of years is 10 Jackie just turned 16 and wants to buy a carnow Problem is, she has no money She does have a $6000 inheritance that she can cash in in two years, when she turns 18 She wants to borrow against that inheritance from her dad and offers to pay the entire loan back in a single payment when she turns 18 Her dad agrees to lend her the present value of the $6000 that she will pay back in two years, and he will charge a token interest rate of 1 5 a year compounded yearly How much should dad spot Jackie to buy the car d) You've been saving up to buy Godot Ltd The total cost will be 10 million You currently have about 2 3 million If you can earn 5 on your money, how long will you have to wait

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a) you want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years. You expect annual interest rates

a) you want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years. You expect annual interest rates will be 8 percent over that time period. What is maximum price you would willing to pay for the annuity

Find the future value of amount 100 if interest rate is 10% and number of years is 10

Jackie just turned 16 and wants to buy a carnow! Problem is, she has no money. She does have a $6000 inheritance that she can cash in in two years, when she turns 18. She wants to borrow against that inheritance from her dad and offers to pay the entire loan back in a single payment when she turns 18. Her dad agrees to lend her the present value of the $6000 that she will pay back in two years, and he will charge a token interest rate of 1.5% a year compounded yearly. How much should dad spot Jackie to buy the car?

d) You've been saving up to buy Godot Ltd. The total cost will be 10 million. You currently have about 2.3 million. If you can earn 5% on your money, how long will you have to wait?