u Money Int: Homework Problems - Time Value of Money Problem 7-20 See Submit m ent for Grading Check My Work 3 remaining) eBook Problem 7-20 You are offered an annuity that will pay $10,000 a year for ten years that is, ten payments), but the payments start after six years have lapsed percent on your funds, what is the maximum you should pay for this annuity? Use Appendix Band Appendix D to answer the question. Round your answer to the nearest you want to sam dollar. Check My Work remaining) Problem 7-20 e submit Assignment for Grading Interest Factors for the Present Value of One Dollar Time Period Far 1-990 2 96 1 9 4 96 51 01 11 16 - 980 971 962 952 943 935926 97 900 89 87 870 862 847 83 806 781 9h 44 95 2018-01 82 87 82.86 978 / 43 14 199 60 610 94295649 464 44 | Bb || | PTT | | ET BE | 68 4 9 59 34 ) 924469 155 EE192 on | OH GB166 | 92 || SE-Elb E 3 0 6 BE BE 24 | ||| ||| 650 EP 56 | 59 49 40 41 41 4 196 56 VO 14: 942 953 12- 91 905 ABBBB 87 8 25 ---- BE DE | 820 744- 40 46 | NOTES | GE6 | 60 || bb | HEAD - Ba b y -SHE -40 0964592 44 400 .6761.614 558 ,5081.463] 502 Boo | 42 400 | | 404 51314 270 284 63 6 194 1911 1896 804 22 650 - 585 522475 429 788 - 2015 557 197449 1879 13 81601. 530- 805866) 1505 ad238 340 861743 42 4-1 | 4175 2 | 19 16 45 |-- 10 1.18 16: | | 17 -- ITH THE 17 II Do Ti 16 19 (6) (4) OF TP- 0490 14 CM | E- 185 458 46 | | 1770 416 350296 290 16 1991216 37 194 | 10- 859 728 22 534 605 513 | BT600 SET | 494 82 beh -1 45 809045E 780 1 610 78 375 478 552 412 308 Z3 107 0 11 14 1 2 DHC DHD 10 145 LED 15 OF 191 09 (6) 18 10 10 160 MIDITI TIT II D. THE IS UP LED 14 UI 1038 | 010 0 007 020 0 012 1007 004 0 007 059 25 2331 184 146 74| 131090 | 105 0 0 23 | Interest Factors for the Present Value of an Annuity of One Dollar Period 0 year 1 2 3 4 5 10% 12% 14% 16% 18% 20% 20% .990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1970 1.942 1913 1.886 1.859 1.833 1.808 1.783 1759 1.736 1.690 1647 1.605 1.566 1.528 1457 1.392 1.332 1.276 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.402 2.322 2.246 2.174 2.106 1981 1868 1.766 1674 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.9933.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2345 2.181 6 7 8 9 10 11 12 13 14 15 5.795 5.601 5.417 5.242 5.076 4.917 4.766 4623 4.486 4.355 4.111 3.889 3.685 3.498 3.326 6.728 6.472 6.230 6.002 5.786 5.582 5.389 3.020 2.759 2.534 2.399 5.206 5.033 4.868 4.564 4.288 4.039 3.812 3.605 3.242 2937 2678 2.455 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.344 4.078 3.837 3.421 3.076 2.786 2.540 8.566 8.162 7.786 7.435 7108 6.802 6.515 6.247 5.985 5.759 5328 4946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 5.988 5.453 5.029 4656 4.327 3.776 3.335 2.978 2683 11.255 10.575 9.954 9.385 8.863 8.384 7943 7.536 7.161 6.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3013 2.708 12.134 11.348 10.635 9.986 9.394 8.534 8.358 7904 7.487 7.103 6.424 5.842 5.342 4910 4533 3912 3.427 3.040 2.727 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.628 6.002 5.468 5.008 4.611 3.962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.060 7.606 6.811, 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.312 7.824 6.974 6.265 5669 5.1624.730 4.003 3.503 3.088 2.758 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.002 7.120 6.373 5.749 5.222 4.775 4.059 3518 3.097 2.763 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.2017.250 6.467 5.818 5.273 4.812 4.080 3.529 3.104 2.767 17.226 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8950 8.365 7.366 6.550 5.877 5.316 4.844 4.097 2.539 3.109 2770 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.128 8.514 7.469 6.623 5929 5.353 4.870 4.110 3.5463.103 2.772 16 17 18 19 20 25 30 22.023 19.523 17413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 7.843 6.873 6.097 5.467 4918 4.147 3.564 3.122 2.776 25.808 22.937 19.600 17.292 15.373 13.765 12.409 11.258 10.274 9.427 8.055 7.003 6.177 5.517 4.979 4.160 3.569 3.124 2.778
