Question
Answer the following questions using your financial calculator or Excel functions: What is the present value of a 15-year annuity of $3,400 per year; i
Answer the following questions using your financial calculator or Excel functions:
What is the present value of a 15-year annuity of $3,400 per year; i = 6%.
| Present value | $Enter your answer in accordance to the question statement |
What will be your annual payment if you take now a loan of $137,000 with annual equal repayments over the next 8 years? i = 8%.
| Annual payment | $Enter your answer in accordance to the question statement |
You take out a loan in the amount of $268,000 with annual equal repayments over the next 20 years. What is the balance of the loan after the 5th payment? i = 8%.
| Balance of the loan | $Enter your answer in accordance to the question statement |
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
