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Compute the present value of an annuity of $ 763 per year for 15 years, given a discount rate of 9 percent per annum. Assume
Compute the present value of an annuity of $ 763 per year for 15 years, given a discount rate of 9 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t = 1). (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 160 (first payment made at t = 1), followed by five annual payments of $ 534 , followed by four annual payments of $ 834. How much did you borrow? (Round your answer to 2 decimal places; record your answer without commas and without a dollar sign). Assume that you deposit $ 2,282 into an account that pays 17 percent per annum. 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). Assume that you deposit $ 13,758 each year for the next 15 years into an account that pays 15 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)
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