Homework Answers
The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.
Add Answer to:
Question 12 of 15 The present value of a 8 year lease that requires payments of...
2. a) b) The value of a 8 year lease that requires payments of $850 made...
2.
a)
b)
The value of a 8 year lease that requires payments of $850 made at the beginning of every quarter is $25,000. What is the nominal interest rate compounded quarterly? % Round to two decimal places How much did Mitchell deposit every month in his savings account if he had $11,000 after 12 month-end deposits? The money in his savings account was growing at 2.12% compounded monthly. Round to the nearest cent
Question 4 The value of a 7 year lease that requires payments of $750 made at...
Question 4
The value of a 7 year lease that requires payments of $750 made at the beginning of every month is $60,800. What is the nominal interest rate compounded monthly? % Round to two decimal places You invested $8,500 at the end of each quarter for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $224,000, what was the nominal interest rate compounded quarterly? Round to two decimal places
The value of a 7 year lease that requires payments of $500 made at the beginning...
The value of a 7 year lease that requires payments of $500 made at the beginning of every month is $39,800. What is the nominal interest rate compounded monthly? Round to two decimal places
Question 2 of 5 A contract requires lease payments of $800 at the beginning of every...
Question 2 of 5 A contract requires lease payments of $800 at the beginning of every month for 10 years. a. What is the present value of the contract if the lease rate is 5.94% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 5.94% compounded daily? Round to the nearest cent Submit Question Next Question
collegelink/#/course-resource/section/7304/assignment/12549 Question 7 of 7 A contract requires lease payments of $500 at the beginning of...
collegelink/#/course-resource/section/7304/assignment/12549 Question 7 of 7 A contract requires lease payments of $500 at the beginning of every month for 6 years. a. What is the present value of the contract if the lease rate is 5.40% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 5.40% compounded daily? Round to the nearest cent Review Incomplete Questions Submit Assignment
Question 3 1 pts Sandra signed a 8-year lease for her new business. The full annual...
Question 3 1 pts Sandra signed a 8-year lease for her new business. The full annual lease amount is due at the beginning of every year. She will pay 27,645 dollars now for the first year, and each subsequent payment will increase by 3% per year. If the interest rate is 7% per year, compounded monthly, compute the net present value of the lease. (note: round your answer to two decimal places; do not include spaces or dollar signs.)
Question 4 of 13 A car lease requires payments of $505 at the beginning of each...
Question 4 of 13 A car lease requires payments of $505 at the beginning of each month for 7 years. If the lease rate is 4.80% compounded monthly, what should be the selling price of the car if you can purchase the car at the end of the lease for $15,000. Round to the nearest cent
An perpetuity has continuous payments at a rate of 800 per year. Find the present value...
An perpetuity has continuous payments at a rate of 800 per year. Find the present value of this perpetuity using a nominal rate of interest of 9% compounded continuously. Round your answer to two decimal places.
4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every...
4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every month, the interest rate is 8% compounded monthly, with an actual payments of 24, and the period of deferral is 12? 5. What is the present value of the deferred annuity if the regular payment is P5,000.00 every year, the interest rate is 5% compounded annually, with an actual payments of 6, and the period of deferral is 12? 6.What is the present value...
4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every...
4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every month, the interest rate is 8% compounded monthly, with an actual payments of 24, and the period of deferral is 12? 5.What is the present value of the deferred annuity if the regular payment is P5,000.00 every year, the interest rate is 5% compounded annually, with an actual payments of 6, and the period of deferral is 12? 6.What is the present value of...
2.
a)
b)
The value of a 8 year lease that requires payments of $850 made at the beginning of every quarter is $25,000. What is the nominal interest rate compounded quarterly? % Round to two decimal places How much did Mitchell deposit every month in his savings account if he had $11,000 after 12 month-end deposits? The money in his savings account was growing at 2.12% compounded monthly. Round to the nearest cent
Question 4
The value of a 7 year lease that requires payments of $750 made at the beginning of every month is $60,800. What is the nominal interest rate compounded monthly? % Round to two decimal places You invested $8,500 at the end of each quarter for 6 years in an investment fund. At the end of year 6, if the balance in the fund was $224,000, what was the nominal interest rate compounded quarterly? Round to two decimal places
The value of a 7 year lease that requires payments of $500 made at the beginning of every month is $39,800. What is the nominal interest rate compounded monthly? Round to two decimal places
Question 2 of 5 A contract requires lease payments of $800 at the beginning of every month for 10 years. a. What is the present value of the contract if the lease rate is 5.94% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 5.94% compounded daily? Round to the nearest cent Submit Question Next Question
collegelink/#/course-resource/section/7304/assignment/12549 Question 7 of 7 A contract requires lease payments of $500 at the beginning of every month for 6 years. a. What is the present value of the contract if the lease rate is 5.40% compounded annually? $0.00 Round to the nearest cent b. What is the present value of the contract if the lease rate is 5.40% compounded daily? Round to the nearest cent Review Incomplete Questions Submit Assignment
Question 3 1 pts Sandra signed a 8-year lease for her new business. The full annual lease amount is due at the beginning of every year. She will pay 27,645 dollars now for the first year, and each subsequent payment will increase by 3% per year. If the interest rate is 7% per year, compounded monthly, compute the net present value of the lease. (note: round your answer to two decimal places; do not include spaces or dollar signs.)
Question 4 of 13 A car lease requires payments of $505 at the beginning of each month for 7 years. If the lease rate is 4.80% compounded monthly, what should be the selling price of the car if you can purchase the car at the end of the lease for $15,000. Round to the nearest cent
An perpetuity has continuous payments at a rate of 800 per year. Find the present value of this perpetuity using a nominal rate of interest of 9% compounded continuously. Round your answer to two decimal places.
4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every month, the interest rate is 8% compounded monthly, with an actual payments of 24, and the period of deferral is 12? 5. What is the present value of the deferred annuity if the regular payment is P5,000.00 every year, the interest rate is 5% compounded annually, with an actual payments of 6, and the period of deferral is 12? 6.What is the present value...
4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every month, the interest rate is 8% compounded monthly, with an actual payments of 24, and the period of deferral is 12? 5.What is the present value of the deferred annuity if the regular payment is P5,000.00 every year, the interest rate is 5% compounded annually, with an actual payments of 6, and the period of deferral is 12? 6.What is the present value of...
Most questions answered within 3 hours.
-
An infinite sheet of charge that has a surface charge density of
39 nC/m2 lies in...
asked 30 minutes ago -
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 1 hour ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 1 hour ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 1 hour ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 2 hours ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 2 hours ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 2 hours ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 2 hours ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 2 hours ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 2 hours ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 2 hours ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 2 hours ago