Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help i will give a like ! Find the present value of $360.00 due in 9 years at 5%. (Answer to the nearest cent.

pls help i will give a like ! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Find the present value of $360.00 due in 9 years at 5%. (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer An investment is expected to result in equal payments of $ 19570.00 at the end of each of the next 4 years (ordinary annuity). If the appropriate required rate of return (discount rate) is 12 %, what is the present value of the annuity stream? (annual compounding) (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer A6%, 3-year annuity pays $360.00 each year. What is the future value of the annuity? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer A 9.5%, 3-year ordinary annuity pays $240.00 each year. What is the future value of the annuity? (Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00) Your Answer: Answer You expect to make equal payments of $ 2830.00 at the end of each of the next 9 years (ordinary annuity) into a new bank account earning interest at 11%. What is the future value of the annuity stream? (use annual compounding) (Answer to the nearest cent. I.e. one thousand dollars would be entered 1000.00) Your

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

Step: 3

blur-text-image

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

Labour Finance And Inequality

Authors: Suzanne J. Konzelmann, Simon Deakin, Marc Fovargue-Davies, Frank Wilkinson

1st Edition

1138919721, 978-1138919723

More Books

Students also viewed these Finance questions