Homework Answers
Annual payment = $7,000
Discount rate = 9%
Present value of perpetuity = Annual payment / Discount
rate
Present value of perpetuity = $7,000 / 0.09
Present value of perpetuity = $77,777.78
The amount you must donate is $77,777.78
You want to end endow ment discount rate is 5%, what amount must you donate to...
You want to end endow ment discount rate is 5%, what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from in the first case, the amount you must donate today is $ 240000 (Round to the nearest cent) How would your answer change if you endow it now, but it makes the first award to a student 10 years...
(Round to the nearest cent as needed.)(Round to the nearest cent as needed.)(Round to the nearest...
(Round to the nearest cent as needed.)(Round to the nearest
cent as needed.)(Round to the nearest cent as needed.)
When a company advertises on the Internet, the company pays the operators of search engines each time an ad for the company appears with search results and someone clicks on the link. Click fraud is when a computer program pretending to be a customer clicks on the link. An analysis of 1,100 clicks coming into a company's site during a week...
Round to the nearest cent (Solving for PMT of an annuity) To pay for your child's...
Round to the nearest cent
(Solving for PMT of an annuity) To pay for your child's education, you wish to have accumulated $15,000 at the end of 10 years. To do this you plan on depositing an goal? equal amount into the bank at the end of each year. If the bank is willing to pay 14 percent compounded annually, how much must you deposit each year to reach your To reach your goal, your annual deposit must be(Round to...
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1500/semiannual period for 9 yr at 6%/year compounded semiannually Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 15 yr at 11%/year compounded monthly
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)...
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1400/semiannual period for 8 yr at 9%/year compounded semiannually Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $100/month for 14 yr at 15%/year compounded monthly
Find the compound amount for the deposit. Round to the nearest cent. $27,974 at 8.5% compounded...
Find the compound amount for the deposit. Round to the nearest cent. $27,974 at 8.5% compounded daily for 5 years
Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.)...
Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $14,000 at 5% for 10 years if the interest is compounded in the following ways. (a) annually $ (b) quarterly $ Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $29,000 after 7 years at 3% if the interest is compounded in the following ways. (a) annually $ (b) quarterly $
Find the maturity value and the amount of simple interest earned. Round to the nearest cent....
Find the maturity value and the amount of simple interest earned. Round to the nearest cent. $16,382 at 4.4% for 8 months O $16,866.58; $484.58 $16,862.54; S480.54 $540.61; $16.922.61 $16,802.47: $420.47
Find the maturity value and the amount of simple interest earned. Round to the nearest cent....
Find the maturity value and the amount of simple interest earned. Round to the nearest cent. $5482 at 4.6% for 9 months O $5692.14: $210.14 $5650.11: $168.11 $5672.72: $190.72 O $5671.13: $189.13
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)...
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $350/month for 19 years at 7%/year compounded monthly
You want to end endow ment discount rate is 5%, what amount must you donate to endow the scholarship? How would your answer change if you endow it now, but it makes the first award to a student 10 years from in the first case, the amount you must donate today is $ 240000 (Round to the nearest cent) How would your answer change if you endow it now, but it makes the first award to a student 10 years...
(Round to the nearest cent as needed.)(Round to the nearest
cent as needed.)(Round to the nearest cent as needed.)
When a company advertises on the Internet, the company pays the operators of search engines each time an ad for the company appears with search results and someone clicks on the link. Click fraud is when a computer program pretending to be a customer clicks on the link. An analysis of 1,100 clicks coming into a company's site during a week...
Round to the nearest cent
(Solving for PMT of an annuity) To pay for your child's education, you wish to have accumulated $15,000 at the end of 10 years. To do this you plan on depositing an goal? equal amount into the bank at the end of each year. If the bank is willing to pay 14 percent compounded annually, how much must you deposit each year to reach your To reach your goal, your annual deposit must be(Round to...
Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1400/semiannual period for 8 yr at 9%/year compounded semiannually Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $100/month for 14 yr at 15%/year compounded monthly
Find the maturity value and the amount of simple interest earned. Round to the nearest cent. $16,382 at 4.4% for 8 months O $16,866.58; $484.58 $16,862.54; S480.54 $540.61; $16.922.61 $16,802.47: $420.47
Find the maturity value and the amount of simple interest earned. Round to the nearest cent. $5482 at 4.6% for 9 months O $5692.14: $210.14 $5650.11: $168.11 $5672.72: $190.72 O $5671.13: $189.13
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