CENGAGE MINDTAP a Sancho Ch 07: End-of-Chapter Problems - The Time Value of Money Back to Assignment Attempt Average / 1 20. Problem 7-20 ook Problem 7-20 You are offered an annuity that will pay $11,000 a year for twelve years twelve payments), but the payments start after five years have capsed. If you want to earn percent on your unde, what the maximum you should pay for this annulty Use codi and to the Round your answer to the nearest doar Grade it Now Save & Continue Continue withoven Interest Factors for the Present Value of an Annuity of One Dollar Period SE SEI 1 0 1 2 AX 5% 4 2 #% 10 12 14 16 1202 285 0.990 0.980 0.971 0902 0.952 0943 0935 0.925 0917 0.500 0.3 0.877 0.002 0.847 0.82) 0.806 0.71 078 0775 2 1970 1942 193 1886 1850 1833 1808 1789 1790 176 1600 1647 1609 1566 1526 157 1392 1302 127 3 2.941 284 2.829 2.775 2.723 2673 2.6M 2.577 2521 2:57 2.402 2.22 2.246 2.1M 2.106 1081 1868 186 1.6M 4 3.902.08 3.217 3570 1546 3.465 237 212 1240 2170 2017 2014 2.798 2.690 2.50 2.604 2.241 2.09 5 4.852 471) 45804452 4.3294212 4100 1999 190 3.701 3.605 A 1244 127 2.991 252502 2.145 2.181 5.795 5.601 5417 5.242 506 417 46 462 4.486 434111 BRO365 3498 336 3070 2.752 25342.00 ? 5.228 6.472 6230 6.002 5.786 5582 5380 5.206 5021 48684564 4288 4039 812 3605292 293 2678 2455 7652 700 6.73 6.463 6210 571 547 5535 533549684694344078 1024210M 2.786540 5668.162 778 45 2100 GSX 65156247 905 5 5464607 408 011 25661260 10 9.471 898 850 112722736070246.210 648 61 560 5.216 4494 199 601260 2030 2650 11 10368 9.787 0.25 8.20 8.306 787 7490 212 6.05 6.055.453 509 656 176797876 121.255 105759954 9.10.16 792 756 7161 6814 GM 5.60 5.197493 409 2011 2012 2.700 1 12.134 1134 10615 996 994 534 7904 7417 7103 GM 5.82 49104101210102222 12.004 12.106.11.206 10563 919 2295M 34 276 270216000 SA 008 A 1000 2010 19 12.17 848 110 11118 10350 9.70 9.108.550 80607606 6.811 6.1 5.575 SN6754001 482 2086 27 161 1712561 11652 103 10.1060.40783220 69 65 70 DOI 1500 2088 2755 1715562192.166 12.06 1127 10.477 076) 0.172 200 7120 20.75 059 151 707 2.0 16.758 12.60 11.60 10.00 1005092620172506467 27000 2,20 11012 101222 16 ne 12005 10 10.336 950 73 6057707 350 11002710 201801616 1717600 2.40211470 100128 60529 002 25 22.023 195221741 62214004 12.283 1654 10.675 90 50777476873600754467 47.564022 30 3580 29/10600 17.252.150 TL 17.400 11.250 10.77 2427 BOSS 100% 1/2 5.340 1.500 ww W B 10 Interest Factors for the Present Value of One Dollar 131 099 2x 2 LT = 1 2 ) bSounp
