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Question 12 of 15 The present value of a 8 year lease that requires payments of...
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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...