Homework Answers
Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate
=1700[1-(1.0929)^-9]/0.0929
=1700*5.925208828
=$10072.86(Approx).
Add Answer to:
American General offers a year ar nity with a guaranteed rate of 9 29% compounded-maly How...
American General offers a 11-year annuity with a guaranteed rate of 4 88% compounded annually How...
American General offers a 11-year annuity with a guaranteed rate of 4 88% compounded annually How muc How much should a customer pay for this annuity? S(Round to the nearest cent) We were unable to transcribe this image
If you want to be paid from a 1414 year ordinary annuity with a guaranteed rate...
If you want to be paid from a 1414 year ordinary annuity with a guaranteed rate of 4.266%4.266% compounded annually, how much should you pay for one of these annuities if you want to receive annual payments of $6,000.00$6,000.00 over the 1414 year period? please explain how to do this for some resson it messed up the nukbers it shiuld be 14 year 4.266% $6000 over 14 years
1. a) A company estimates that it will need $53,000 in 17 years to replace a...
1. a) A company estimates that it will need $53,000 in 17 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 4.8% compounded monthly, how much should each payment be? b) American General offers a 8-year annuity with a guaranteed rate of 6.05% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1400 annually over the 8 year period?...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
How much must be invested at the beginning of each year at 8%, compounded annually, to...
How much must be invested at the beginning of each year at 8%, compounded annually, to pay off a debt of $20,000 in 6 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity annuity dhe (b) Solve the problem. (Round your answer to the nearest cent.) $ 2550 X Grandparents plan to open an account on the grandchild's birthday and contribute each month until she goes to college. How much must...
PLEASE ANSWER EVERYTHING ASAP THANK YOU!!! Investment X offers to pay you $3,728 per year for...
PLEASE ANSWER EVERYTHING ASAP THANK YOU!!!
Investment X offers to pay you $3,728 per year for 9 years, whereas Investment Y offers to pay you $4,690 per year for 5 years. What is the dollar difference (higher minus lower) in the present values of these two cash flow streams if the discount rate is 5.26 percent? Answer to two decimals. What are the annual cash flows (in $) of an annuity for 14 years, which costs $33,721 today, if the...
Show how to enter into EXCEL 1. You have decided to place $153 in equal deposits...
Show how to enter into EXCEL 1. You have decided to place $153 in equal deposits every month at the beginning of the month into a savings account earning 4.69 percent per year, compounded monthly for the next 15 years. The first deposit is made today. How much money will be in the account at the end of that time period? Round the answer to two decimal places 2. What is the present value of the following annuity? $4,765 every...
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years...
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years if the money is worth 71 2 %. 2. Find the future value of the cash flow of $600 a month for 5 years at 9% interest compounded monthly. 3. If Gabe makes a $450 deposit into his savings fund at the end of each quarter for 6 years, how much will he be able to collect at the end of the sixth year...
Acompany has agreed to pay $4.6 million in 6 years to setle a lawsuit. How much...
Acompany has agreed to pay $4.6 million in 6 years to setle a lawsuit. How much must it invest in an account paying 6% annual interest compounded monthly to have that amount when it is due? What is the interest rate per period? (Type an integer or decimal rounded to four decimal places as needed) of inflation has been running at 2.57% per year and a new car costs $34,200 today, what would it have cost 2 years ago? A...
please can you answer question 19-25 19) A bank offers a home buyer a 30-year loan...
please can you answer question 19-25
19) A bank offers a home buyer a 30-year loan at 3.5% per year. If the home buyer borrows $320,000 from the bank, how much must be repaid every year? A) $6.199 B) $10,667 C) $17,399 D) ST14,009 20) Your firm just signed a contract to receive royalty forever. The royalty is estimated to be Simil, every year, starting from next year. If the discount rate is 11%, what is the present value of...
American General offers a 11-year annuity with a guaranteed rate of 4 88% compounded annually How muc How much should a customer pay for this annuity? S(Round to the nearest cent) We were unable to transcribe this image
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
How much must be invested at the beginning of each year at 8%, compounded annually, to pay off a debt of $20,000 in 6 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity annuity dhe (b) Solve the problem. (Round your answer to the nearest cent.) $ 2550 X Grandparents plan to open an account on the grandchild's birthday and contribute each month until she goes to college. How much must...
PLEASE ANSWER EVERYTHING ASAP THANK YOU!!!
Investment X offers to pay you $3,728 per year for 9 years, whereas Investment Y offers to pay you $4,690 per year for 5 years. What is the dollar difference (higher minus lower) in the present values of these two cash flow streams if the discount rate is 5.26 percent? Answer to two decimals. What are the annual cash flows (in $) of an annuity for 14 years, which costs $33,721 today, if the...
Acompany has agreed to pay $4.6 million in 6 years to setle a lawsuit. How much must it invest in an account paying 6% annual interest compounded monthly to have that amount when it is due? What is the interest rate per period? (Type an integer or decimal rounded to four decimal places as needed) of inflation has been running at 2.57% per year and a new car costs $34,200 today, what would it have cost 2 years ago? A...
please can you answer question 19-25
19) A bank offers a home buyer a 30-year loan at 3.5% per year. If the home buyer borrows $320,000 from the bank, how much must be repaid every year? A) $6.199 B) $10,667 C) $17,399 D) ST14,009 20) Your firm just signed a contract to receive royalty forever. The royalty is estimated to be Simil, every year, starting from next year. If the discount rate is 11%, what is the present value of...
Most questions answered within 3 hours.
-
A study regarding the relationship between age and the amount of
pressure sales personnel feel in...
asked 7 minutes ago -
A 2014 Pew study found that the average US Facebook user has 338
friends. The study...
asked 10 minutes ago -
Please be very detailed and thorough
For a future/planned mission (not yet launched):
Link: Provide the...
asked 11 minutes ago -
In x86 Assembly Language:
Develop a program that uses four signed, global, short variables
A, B,...
asked 13 minutes ago -
Draw the most stable conformation for
(1,1-dimethylethyl)cyclohexane.
asked 17 minutes ago -
1a)
. State the difference (IN YOUR OWN
WORDS) between
-absolute advantage and comparative
advantage.
-between...
asked 32 minutes ago -
Calculate the mass of 11.3 mL of a liquid with a density of 8
g/mL. INCLUDE...
asked 39 minutes ago -
In the movie "Is America Number One" we see a continued reliance
on a concept that...
asked 38 minutes ago -
In tae-kwon-do, a hand is slammed down onto a target
at a speed of 11 m/s...
asked 38 minutes ago -
consider the following price index in 2017:85; price
index in 2018: 100; price index 2019: 110;...
asked 1 hour ago -
What is the [CH3COO–]/[CH3COOH]
ratio necessary to make a buffer solution with a pH of 4.34?...
asked 1 hour ago -
a
physics textbook is thrown straight upward with a velocity of 5.00
m/s from the too...
asked 1 hour ago