Question

Question 1 0.5 pts Travis will receive two payments: $9,350 at the end of year 2021 and $9,568 at the end of year 2022. The d financial calculator steps please
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Present value:

= $9,350+$9,568/(1+6.7%)

= $9,350+$8,967.20

= $18,317.20

Hence, correct option is $18,317

*Please rate thumbs up

Add a comment
Know the answer?
Add Answer to:
financial calculator steps please Question 1 0.5 pts Travis will receive two payments: $9,350 at the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following...

    P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following a. The present value of $620 to be received 2 years from now, using a discount rate of 11% b. The present value of the following end-of-year income streams, using a discount rate of 19% and assuming it is now the beginning of 2018 a. The present value of the future sum in part (a) is $ . (Round to the nearest cent.) ©...

  • PLEASE DO STEPS FOR A FINANCIAL CALCULATOR You have just inherited an office building. You expect...

    PLEASE DO STEPS FOR A FINANCIAL CALCULATOR You have just inherited an office building. You expect the annual rental income (net of maintenance and other cost) for the building to be $100,000 for the next year and to increase at 5% per year indefinitely. An expanding internet company offers to rent the building at a fixed annual rent for 5 years. After year 5, you could re-negotiate or rent the building to another tenant. What is the minimum acceptable fixed...

  • P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following...

    P4A.16 (similar to) Question Help Using a financial calculator or an Excel spreadsheet, calculate the following a. The present value of $740 to be received 2 years from now, using a discount rate of 14%. b. The present value of the following end-of-year income streams, using a discount rate of 21% and assuming it is now the beginning of 2018 a. The present value of the future sum in part (a) is $ (Round to the nearest cent.) 0 Data...

  • You are scheduled to receive annual payments of $8,600 for each of the next 25 years....

    You are scheduled to receive annual payments of $8,600 for each of the next 25 years. The discount rate is 8.0 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year? $7,344.25 $9,288.00 $8,312.76 $8,600.00 $7,763.93

  • Del Monty will receive the following payments at the end of the next three years: $24,000, $27,000, and $29,000.

    Del Monty will receive the following payments at the end of the next three years: $24,000, $27,000, and $29,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $30,000 per year. At a discount rate of 16 percent, what is the present value of all three future benefits? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate...

  • MC Qu. 6-A3 You are scheduled to receive annual payments of... You are scheduled to receive...

    MC Qu. 6-A3 You are scheduled to receive annual payments of... You are scheduled to receive annual payments of $11,300 for each of the next 21 years. Your discount rate is 10 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year? 38:14 Multiple Choice O $10.238 o . $9.773 0 $12.430 < Prev 17 of 17 !! Next Type here to...

  • steps using the HP10bll+ calculator please Question 3 1 pts What is the remaining balance on...

    steps using the HP10bll+ calculator please Question 3 1 pts What is the remaining balance on a $225,000 mortgage after 95 months? The mortgage is a standard mortgage (360 months) with monthly payments and a nominal rate of 6.90%. O $219,138 O $206,714 $201.315 O $198,720 O $192,816 Question 4 1 pts What is the remaining balance on a $300,000 mortgage after 65 months? The mortgage is a standard mortgage (360 months) with monthly payments and a nominal rate of...

  • I need help with these questions how to solve these by using a financial calculator(calculator steps)...

    I need help with these questions how to solve these by using a financial calculator(calculator steps) 14. If the dividend is $1.85/share, market price at y ear-end is $42.50, and the required rate of return is 11%, what is the current value of the stock? 15. Your firm recently sold an asset and financed the sale of the asset. The firm took back a $60,000 loan on the equipment sale with monthly payments and 10% interest. The loan was a...

  • Question 10 5 pts You will receive a series of $1,216 payments, annually, beginning exactly 6...

    Question 10 5 pts You will receive a series of $1,216 payments, annually, beginning exactly 6 years from today, for a total of 10 payments. The relevant interest rate (your opportunity cost) is 8% (as an EAR). What is the present value today. (year O) of this series of payments? Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35). Margin of error for correct...

  • Please answer the following on a financial calculator with given steps. You won a lottery! To...

    Please answer the following on a financial calculator with given steps. You won a lottery! To collect your winnings you will be paid annual amounts of $10,300 for each of the next 22 years. The appropriate discount rate is 10 percent per year Calculate the difference in the present value if you are paid these annual amounts of money at the beginning of each year rather than at the end of each year. Jessica would like to buy an annuity....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT