Question
a-1. Calculate the present value of an annual payment of $790.00 you would received for 12 years if the interest rate is 6.51%. (Do not
| a-1. | Calculate the present value of an annual payment of $790.00 you would received for 12 years if the interest rate is 6.51%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
| a-2. | Calculate the present value of an annual payment of $671.50 you would received for 16 years if the interest rate is 6.51%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
| b-1. | Calculate the present value of an annual payment of $790.00 you would received for 12 years if the interest rate is 12.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
| b-2. | Calculate the present value of an annual payment of $671.50 you would received for 16 years if the interest rate is 12.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
