What is the present value of the following annuity? $747 every year at the end of...
What is the present value of the following annuity? $747 every year at the end of the year for the next 9 years, discounted back to the present at 12.60 percent per year, compounded annually? Round the answer to two decimal places.
Homework Answers
Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate
=747[1-(1.126)^-9]/0.126
=747*5.20888747
=$3891.04(Approx).
Add Answer to:
What is the present value of the following annuity? $747 every
year at the end of...
What is the present value of the following annuity? $4,874 every year at the end of...
What is the present value of the following annuity? $4,874 every year at the end of the year for the next 13 years, discounted back to the present at 5.98 percent per year, compounded annually? Round the answer to two decimal places.
What is the present value of the following annuity? $833 every year at the end of...
What is the present value of the following annuity? $833 every year at the end of the year for the next 14 years, discounted back to the present at 7.64 percent per year, compounded annually? Round the answer to two decimal places.
What is the present value of the following annuity? $4,205 every year at the end of...
What is the present value of the following annuity? $4,205 every year at the end of the year for the next 4 years, discounted back to the present at 5.88 percent per year, compounded annually? Round the answer to two decimal places.
What is the present value of the following annuity? $1,754 every year at the end of...
What is the present value of the following annuity? $1,754 every year at the end of the year for the next 5 years, discounted back to the present at 9.82 percent per year, compounded annually? Round the answer to two decimal places. Thank you.
What is the present value of the following annuity? $4,639 every quarter year at the end...
What is the present value of the following annuity? $4,639 every quarter year at the end of the quarter for the next 15 years, discounted back to the present at 16.55 percent per year, compounded quarterly? Round the answer to two decimal places.
What is the present value of the following annuity? $3,491 every year at the end of...
What is the present value of the following annuity? $3,491 every year at the end of the year for the next 11 years, discounted back the present at 14.66 percent per year, compounded annually?
What is the present value of the following annuity? $3,234 every year at the end of...
What is the present value of the following annuity? $3,234 every year at the end of the year for the next 11 years, discounted back to the present at 16.20 percent per year, compounded annually?
What is the present value of the following annuity? $2,420 every half year at the beginning...
What is the present value of the following annuity? $2,420 every half year at the beginning of the period for the next 14 years, discounted back to the present at 18.86 percent per year, compounded semiannually Round the answer to two decimal places.
What is the present value of the following annuity? $4,907 every half year at the beginning of the period for the next 1...
What is the present value of the following annuity? $4,907 every half year at the beginning of the period for the next 10 years, discounted back to the present at 16.33 percent per year, compounded semiannually. Round the answer to two decimal places.
What is the present value of the following annuity? $4,947 every quarter year at the end...
What is the present value of the following annuity? $4,947 every quarter year at the end of the quarter for the next 4 years, discounted back to the present at 14.22 percent per year, compounded quarterly?
What is the present value of the following annuity? $3,491 every year at the end of the year for the next 11 years, discounted back the present at 14.66 percent per year, compounded annually?
What is the present value of the following annuity? $2,420 every half year at the beginning of the period for the next 14 years, discounted back to the present at 18.86 percent per year, compounded semiannually Round the answer to two decimal places.
Most questions answered within 3 hours.
-
If a lossless transformer has 1000 turns for a primary winding
and 100 turns for the...
asked 10 seconds ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of potassium...
asked 8 minutes ago -
it
should be written in c++
Your program should take numbers from the user until the...
asked 14 minutes ago -
Buses are powered by chemical reactions. Define matter and the
four states of matter. What is...
asked 32 minutes ago -
Use conservation of energy to find the velocity of a free point
charge q1 at 22cm...
asked 39 minutes ago -
First, describe policies promoted by governments of the
political right to address economic globalization. Second, describe...
asked 56 minutes ago -
M2-9 Completing T-Accounts LO2-4
Following are the transactions of Dennen, Inc., for the month of
January....
asked 57 minutes ago -
Write a program using python that reads from values from a text
file and plots them...
asked 58 minutes ago -
Look up the density of
the metal of the object used in parts A and B...
asked 57 minutes ago -
Discuss strategic considerations that Amazon and NYC politicians
had. Analyze why the deal between Amazon and...
asked 1 hour ago -
A combustion reaction is describes as a carbon source reacting
with oxygen and producing carbon dioxide...
asked 1 hour ago -
Buckminsterfullerence is a recently allotrope of carbon in which
carbon atoms form molecules of formula C_60,...
asked 1 hour ago