You are expecting to receive monthly payments of $280 for 36 months with the first payment...
You are expecting to receive monthly payments of $280 for 36 months with the first payment occurring exactly two years from now. What is the value of these payments to you today? Assume an APR of 6.5%. Round your answer to two decimal places. Hint: The first payment occurs exactly two years from now, so the annuity actually begins one month prior to that.
Homework Answers
![Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy в 1 프· ー· 鱼, Δ. : rーー 遑锂函Merge & Center. $, % , 弼,8 Conditional Format eCell Insert Delete Formsat Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard Alignment Number Cells Edting LL88 LM LN LO LP LQ LR LS LT LU LV LW LX LY LZ 76 78 79 80 81 82 83 84 85 86 87 FIRST WE WE WILL CALCULATE PRESENT VALUE OF ANNUITY OF 36 MONTHS PMT PERIOD MONTHS APR PERIODS IN A YEAR 280 36 6.50% 12 PVAD= $ 9,135.70 PV(LP83/LP84,LP82,-LP81) NOW WE HAVE TO FIND PRESENT VALUE OF PVAD 89 90 91 92 93 94 11 1 トーCALCULATOR ( LOAN OPTIONS | pv, fv, annuity i CAP STRU VALUE NO OF MONTHS PRESENT VALUE$ 8,068.30 [EXCE; -PV(LP83/LP84,LP90,,-LP86)] AS FIRST PAYMENT OCCURS ONE MONTH PRIOR, WE HAVE TO CALCULATE PRESENT VALUE FOR 23 MONTHS LOCK BOXDILUTION DOLLAR COST AVG MORTGAGE EXPO Sheet1 Sheet2 Shel rences: x261 02:57 27-01-2019](http://img.homeworklib.com/questions/5f1eac30-7126-11ea-b6d9-d5ba31377bce.png?x-oss-process=image/resize,w_560)
![Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. Σ AutoSum ー E ゴWrap Text General в 1 프· ー· 鱼, Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard Font Alignment Number Styles Cells LL112 LM LN LO LP LQ LR LS LT LU LV LW LX LY LZ 94 95 96 97 98 WE CAN PRESENT SAME SUM IN THE FORM OF ANNUITY DUE AS WELL FIRST WE WE WILL CALCULATE PRESENT VALUE OF ANNUITY OF 36 MONTHS PMT PERIOD MONTHS APR PERIODS IN A YEAR 280 36 6.50% 12 100 101 102 103 104 105 106 107 108 109 110 PVAD= $ 9,185.18 PV(LP83/LP84,LP82,-LP81,,1) NOW WE HAVE TO FIND PRESENT VALUE OF PVAD NO OF MONTHS PRESENT VALUE = $ 8,068.30 [EXCE; -PV(LP83/LP84,LP90,,-LP86)] SEE, BOTH METHODS GIVE SAME ANSWER 112 BOX DILUTION DOLLAR COST AVGMORTGAGE EXPO Sheeti Sheet2 Shel 福 130% 11 1 トーCALCULATOR ( LOAN OPTIONS | pv, fv, annuity 1 CAP STRU VALUE rences: x261 02:57 27-01-2019](http://img.homeworklib.com/questions/5fab8900-7126-11ea-b390-25593c31e671.png?x-oss-process=image/resize,w_560)
Add Answer to:
You are expecting to receive monthly payments of $280 for 36
months with the first payment...
Christina will receive annuity payments of $1,200 a year for five years, with the first payment...
Christina will receive annuity payments of $1,200 a year for five years, with the first payment occurring at Year 4. What is the value of this annuity to her today at a discount rate of 7.25 percent? Select one: A. $4,209.19 B. $4,111.08 C. $4,774.04 D. $3,961.80 E. $4,887.48
Part D and E please As in Problem 1, once again, you are borrowing $6500 to...
Part D and E please
As in Problem 1, once again, you are borrowing $6500 to purchase a car. However, now the first payment is due immediately. There will be a total of 36 monthly payments (The first payment occurs immediately. The remaining 35 occur at the end of each of the following months). The advertised interest rate is 9% APR (therefore use a monthly discount rate of r-0.75% in your computations). The payments will all be equal in size....
You were expecting debt payments of $600 due 5 months ago and $400 in 3 months...
You were expecting debt payments of $600 due 5 months ago and $400 in 3 months from now. What single payment would you accept today for full repayment with interest allowed at 10%. if the focal point is today?
help with finance You don't need footnote 3 to solve it what As in Problem 1,...
help with finance
You don't need footnote 3 to solve it what
As in Problem 1, once again, you are borrowing $6500 to purchase a car. However, now the first payment is due immediately. There will be a total of 36 monthly payments (The first payment occurs immediately. The remaining 35 occur at the end of each of the following months). The advertised interest rate is 9% APR (therefore use a monthly discount rate of r-0.75% in your computations). The...
You will receive 32 annual payments of $37,500. The first payment will be received 7 years...
You will receive 32 annual payments of $37,500. The first payment will be received 7 years from today and the interest rate is 6.6 percent. What is the value of the payments today?
You will receive 28 annual payments of $42,500. The first payment will be received 7 years...
You will receive 28 annual payments of $42,500. The first payment will be received 7 years from today and the interest rate is 7.1 percent. What is the value of the payments today?
You want to buy a sports car for $58,000. The contract is for 60-months with an...
You want to buy a sports car for $58,000. The contract is for 60-months with an APR of 4.3%. You have the option to make the first payment today (annuity due) or one month from now (ordinary annuity). How much less will your payments be if you decide to begin making your payments today? Round your answer to two decimal places.
You will receive 29 annual payments of $23,500. The first payment will be received 8 years...
You will receive 29 annual payments of $23,500. The first payment will be received 8 years from today and the interest rate is 5.2 percent. What is the value of the payments today? $231,998.06 $382,663.13 $230,502.96 $25219736 O $244,061.96
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occ...
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5 years). The annual interest rate is 14% compounded semiannually. Calculate the amount of each semiannual payment.
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5...
Lauren knows she can afford to make monthly payments of $575 for 36 months. How much...
Lauren knows she can afford to make monthly payments of $575 for 36 months. How much will the bank lend her today on a 3% APR car loan in exchange for her promised monthly payments?
Part D and E please
As in Problem 1, once again, you are borrowing $6500 to purchase a car. However, now the first payment is due immediately. There will be a total of 36 monthly payments (The first payment occurs immediately. The remaining 35 occur at the end of each of the following months). The advertised interest rate is 9% APR (therefore use a monthly discount rate of r-0.75% in your computations). The payments will all be equal in size....
help with finance
You don't need footnote 3 to solve it what
As in Problem 1, once again, you are borrowing $6500 to purchase a car. However, now the first payment is due immediately. There will be a total of 36 monthly payments (The first payment occurs immediately. The remaining 35 occur at the end of each of the following months). The advertised interest rate is 9% APR (therefore use a monthly discount rate of r-0.75% in your computations). The...
You will receive 32 annual payments of $37,500. The first payment will be received 7 years from today and the interest rate is 6.6 percent. What is the value of the payments today?
You will receive 29 annual payments of $23,500. The first payment will be received 8 years from today and the interest rate is 5.2 percent. What is the value of the payments today? $231,998.06 $382,663.13 $230,502.96 $25219736 O $244,061.96
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5 years). The annual interest rate is 14% compounded semiannually. Calculate the amount of each semiannual payment.
You are taking a $4327 loan. You will pay it back in four equal amounts, paid every6 months, with the first payment occurring 5 years from now (the payments begin after 5...
Most questions answered within 3 hours.
-
Given that Kb for the weak base analine is 3.8 X
10-10, which of the following...
asked 6 minutes ago -
A uniform, solid sphere of radius 4.50 cm and mass 4.50 kg
starts with a purely...
asked 3 minutes ago -
A 120 cm^3 box contains helium at a pressure of 1.80 atm and a
temperature of...
asked 4 minutes ago -
A sniper fires a rifle bullet into a gasoline tank, making a
hole 51.0 m below...
asked 6 minutes ago -
The US Census Bureau gathered data regarding yearly gas sales
for residents of different states. Wyoming...
asked 26 minutes ago -
A person in a casino decides to play blackjack until he loses a
game, but he...
asked 30 minutes ago -
mode field diameter (MFD) is an important parameter in
characterizing single mode fibre properties which takes...
asked 21 minutes ago -
Question 4: What is the significance of those strange
“36.79%” and “63.21%” numbers the procedure? That...
asked 26 minutes ago -
Rules of implementation!:
You may NOT modify any of the files except Expression.java in
ANY way....
asked 28 minutes ago -
Arbitration of disputes under the purview of "lemon laws" under
state statute is:
not required by...
asked 42 minutes ago -
Describe three pieces of evidence that mitochondria and evolved
from symbiotic mutualisms between a eukaryote (or...
asked 49 minutes ago -
An AM transmitter with a carrier power of 20 kW is connected to
a 50 Ω...
asked 57 minutes ago