Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please andwer all 3 Liam wishes to accumulate 5.000 at the end of ten years by making level annual deposits of X at the beginning

please andwer all 3 image text in transcribed
image text in transcribed
image text in transcribed
Liam wishes to accumulate 5.000 at the end of ten years by making level annual deposits of X at the beginning of each year. The deposits earn a 12% annual effective rate of interest paid at the end of each year. The interest is immediately reinvested at an annual effective interest rate of 8%. Calculate the level deposit. Possible Answers 250.34 B 270.74 c 280.26 D300.12 E 312.52 Given a perpetuity-immediate with annual payments of 30, 60, 90, 120..... Find the PV of this perpetuity at an annual effective rate of interest i = 4%. Possible Answers 19.500 a 20.250 21.350 D 22.150 E 23.450 Question An investment account has a value of S7000 on 1/1/2017. A deposit of X is made on 6/1/2017, a withdrawal of S400 is made on 9/1/2017, and a deposit of $500 is made on 10/1/2017. The balance on December 31, 2017 is $8982. Find the amount of the first deposit if the dollar-weighted rate of return is 8%. Possible Answers 981 # 1081 1181 D 1264 1309

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert J Hughes

9th Edition

0073382329, 9780073382326

More Books

Students also viewed these Finance questions

Question

What is the maximum price of a bond?

Answered: 1 week ago

Question

Define self-esteem and explain its importance.

Answered: 1 week ago