Present Value,
Present Value of Funds = 125,000/(1.015)7
Present Value of Funds = $112,628.35
If an apartment complex will need painting in 3+ years and the job will cost $125,000,...
If an apartment complex will need painting in years and the job will cost $125,000, what amount needs to be deposited into an account now in order to have the necessary funds? The account pays 3% interest compounded semiannually. (a) State the type. O amortization O future value o ordinary annuity O present value O sinking fund (b) Answer the question. (Round your answer to the nearest cent.)
Sebastopol Movie Theater will need $180,000 in 5 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually? (a) State the type. O present value of an annuity O present value O sinking fund o ordinary annuity O amortization (b) Answer the question. (Round your answer to the nearest cent.)
What annual deposit is necessary to have $13,000 in 5 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type amortization present value of an annuity present value sinking fund ordinary annuity (b) Answer the question. (Round your answer to the nearest cent.) $
What is the future value of $119,000 invested for 5 years at 8% compounded monthly? (a) State the type amortization future value present value ordinary annuity sinking fund (b) Answer the question. (Round your answer to the nearest cent.) $
Classify the financial problem. Assume a 6% interest rate compounded annually. What annual deposit is necessary to give $10,000 in 5 years? o ordinary annuity O future value O present value O amortization O sinking fund Answer the question. (Round your answer to the nearest cent.) $
Classify the financial problem. Assume a 10% interest rate compounded annually. Find the value of a $1,000 certificate in 4 years. O sinking fund O present value future value o ordinary annuity amortization Answer the question. (Round your answer to the nearest cent.)
An accounting firm agrees to purchase a computer for $170,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.55% compounded quarterly so that they will have $170,000 in 270 days? (a) State the type. o amortization O sinking fund o ordinary annuity present value future value (b) Answer the question. (Round your answer to the nearest cent.)
What is the monthly payment for a home costing $425,000 with a 30% down payment and the balance financed for 30 years at 6.5%? (a) State the type. O sinking fund o ordinary annuity O present value O future value O amortization (b) Answer the question. (Round your answer to the nearest cent.) $
Question (2): (1x5-5 Marks) 1- Calculate the future value of $12,000 invested today for 3 years if your investment pays 8% compounded semiannually (1.0 Mark) 2- Calculate the present value of $9,000 received 6 years from today if your investment pays 12% compounded quarterly. (1.0 Mark) (3.0 Marks) 3- Calculate the present value of the following annuity stream: a) Ordinary annuity of $5,000 received each year for 5 years if your investment pays 5% (Imark) compounded annually. b) Ordinary annuity...
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A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 16 years, and interest is paid at 14%, compounded quarterly, what sie deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity dur. ordinary annuity annuity due...