Homework Answers
Add Answer to:
Problem 2-39 (book/static) What equal annual payment series is required to repay the following present amounts?...
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000...
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000 in 5 years at 5% interest compounded annually (b) $5500 in 4 years at 9.7% interest compounded anngally (e) $8500 in 3 years at 2.5% interest compounded andually (d) $30,000 in 20 years at 8,5% interest compounded annually
only answer b,c,d thanks . What equal-payment series is required to repay the following present amounts?...
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
CLOUnD2082088810468/13a96602f99dd IENG 301 Spring 2019 (1) Homework: Ch. 2 HW Probs Score: 0 of 10 pts...
CLOUnD2082088810468/13a96602f99dd IENG 301 Spring 2019 (1) Homework: Ch. 2 HW Probs Score: 0 of 10 pts Problem 2-14 (book/static) 3 of 12 (3 complete) What is the present worth of these future payments? (a) $25,500 eight years from now at 12% compounded annually (b) $58,000 twelve years from now at 4% compounded annually (c) $25,000 nine years from now at 6% compounded annually (d) $35,000 four years from now at 9% compounded annually Click the icon to view the interest...
Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your...
Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $3,000 every year 20 4 annually $ Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value...
Calculate the present value of the following: a-1. Annual payment of $1,125 for 12 years at...
Calculate the present value of the following: a-1. Annual payment of $1,125 for 12 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Presents 789.05 value a-2. Annual payment of $925 for 17 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 559.64 a-3. Which option would you prefer? $1,125 a year for 12 years $925 a year for 17 years b-1. Annual...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 3 2021, of a five-period annual annuity of $3,800 under each of the following situations (EV. 51. PV 51. EVA 051. PVA O SI EVADA $1 and PVAD of $11) (Use appropriate factor(s) from the tables provided.) Ched my w 1. The first payment is received on December 31, 2022, and interest is compounded annually 2. The first payment is received...
8. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary...
8. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $200 per year for 16 years at 6%. b. $100 per year for 8 years at 3%. C. $200 per year for 8 years at 0%. d. Rework previous parts assuming they are annuities due. Present value of $200 per year for 16 years at...
1.In the following ordinary annuity, the interest is compounded with each payment, and the payment is...
1.In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed in years for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $4500 yearly at 7% to accumulate $100,000. 2.In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period....
The following situations require the application of the time value of money: Use the appropriate present...
The following situations require the application of the time value of money: Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. On January 1, 2017, $16,000 is deposited. Assuming an 8% interest rate, calculate the amount accumulated on January 1, 2022, if interest is compounded (a) annually, (b) semiannually, and (c) quarterly. Round your answers to the nearest dollar. Future Value a. Annual...
In the following ordinary annuity, the interest is compounded with each payment, and the payment is...
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the required payment for the sinking fund. (Round your answer to the nearest cent.) Monthly deposits earning 4% to accumulate $7000 after 10 years. Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. His annual income at age 30 is $35,000, so he figures he should get enough...
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000 in 5 years at 5% interest compounded annually (b) $5500 in 4 years at 9.7% interest compounded anngally (e) $8500 in 3 years at 2.5% interest compounded andually (d) $30,000 in 20 years at 8,5% interest compounded annually
only answer b,c,d thanks
. What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
CLOUnD2082088810468/13a96602f99dd IENG 301 Spring 2019 (1) Homework: Ch. 2 HW Probs Score: 0 of 10 pts Problem 2-14 (book/static) 3 of 12 (3 complete) What is the present worth of these future payments? (a) $25,500 eight years from now at 12% compounded annually (b) $58,000 twelve years from now at 4% compounded annually (c) $25,000 nine years from now at 6% compounded annually (d) $35,000 four years from now at 9% compounded annually Click the icon to view the interest...
Calculate the present value of the following: a-1. Annual payment of $1,125 for 12 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Presents 789.05 value a-2. Annual payment of $925 for 17 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 559.64 a-3. Which option would you prefer? $1,125 a year for 12 years $925 a year for 17 years b-1. Annual...
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 3 2021, of a five-period annual annuity of $3,800 under each of the following situations (EV. 51. PV 51. EVA 051. PVA O SI EVADA $1 and PVAD of $11) (Use appropriate factor(s) from the tables provided.) Ched my w 1. The first payment is received on December 31, 2022, and interest is compounded annually 2. The first payment is received...
8. Problem 5.15 (Present Value of an Annuity) eBook Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $200 per year for 16 years at 6%. b. $100 per year for 8 years at 3%. C. $200 per year for 8 years at 0%. d. Rework previous parts assuming they are annuities due. Present value of $200 per year for 16 years at...
Most questions answered within 3 hours.
-
Humans have used horses for transportation for millions of
years. Therefore, they will use horses for...
asked 1 hour ago -
The following are the Jensen Corporation's unit costs of making
and selling an item at a...
asked 2 hours ago -
Does direct Medicare reimbursement of Advanced practice nurses
increase access to their services?
asked 2 hours ago -
List and explain why a company would choose to use a
published
compensation survey vs. creating...
asked 3 hours ago -
A discrete random variable X can take values from 1 to 10. Find
the variance of...
asked 3 hours ago -
The primary financial goal of a corporation is to maximize:
shareholders wealth.
earnings per share.
stock...
asked 3 hours ago -
determine whether the vectors u=(1,2,3,), v=(-2,1,0) and
w=(1,0,1) are linearly dependent or independent.
asked 3 hours ago -
python
Define a function called print_values which takes a dictionary
object as a parameter. The function...
asked 4 hours ago -
In Chapter 1 you created a program named Triangle in
which you displayed a seven-line triangle...
asked 4 hours ago -
Research question: What are the differences between separately
stated and non separately stated transactions in an...
asked 4 hours ago -
By using Arduino write a code that connects two LEDs to two
push-buttons. Each button controls...
asked 5 hours ago -
Bank of America has bonds that pay a coupon interest rate of 5.5
percent and mature...
asked 6 hours ago