A certain annuity pays P80 at the end of every 3 months. If the present value...
A certain annuity pays P80 at the end of every 3 months. If the present value of the annuity is P1 200 and the accumulated amount is P2 000, determine the nominal rate.
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A certain annuity pays P80 at the end of every 3 months. If the
present value...
A certain annuity pays P80 at the end of every 3 months. If the present value...
A certain annuity pays P80 at the end of every 3 months. If the present value of the annuity is P1 200 and accumulated amount is P2 000, determine the nominal rate.
A certain annuity pays P80 at the end of every 3 months. If the present value...
A certain annuity pays P80 at the end of every 3 months. If the present value of the annuity is Pi 200 and accumulated amount is P2 000, determine the nominal rate.
3. Find the present value of an annuity-due with payments of $1,800 every 6 months for...
3. Find the present value of an annuity-due with payments of $1,800 every 6 months for 8 years at a nominal rate of interest of 5% per annum compounded semian- nually. Answer: $24,086.48
8. Present value of annuities and annuity payments The present value of an annuity is the...
8. Present value of annuities and annuity payments The present value of an annuity is the sum of the discounted value of all future cash flows You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the areatest present value (pV)? Assume that all annuities earn the same positive interest rate. O An annuity that pays $1,000 at the end of each year O An annuity that pays $1,000 at the beginning of each...
Problem #4: A perpetuity pays $3900 at the end of every month for 11 months of...
Problem #4: A perpetuity pays $3900 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 10.5%, what is the present value of this perpetual annuity? Problem #4: Answer correct to 2 decimals.
A perpetuity pays $2500 at the end of every month for 11 months of each year....
A perpetuity pays $2500 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 10.9%, what is the present value of this perpetual annuity? Tried these answers and they were incorrect: 312782.77, 298165.14 Please show steps!!!!
A perpetuity pays $1800 at the end of every month for 11 months of each year....
A perpetuity pays $1800 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 11.5%, what is the present value of this perpetual annuity? I tried solving it this way but got it wrong: PV = [1800/(11.5%/12)] + [1800/11.5%] = $203 478.26
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $95 every three months for six years?
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $95 every three months for six years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is $____. (Round to the nearest cent).
Jean receives annuity payments at the end of every six months. If she deposits these payments...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
7. Present value of annuities and annuity payments Aa Aa The present value of an annuity...
7. Present value of annuities and annuity payments Aa Aa The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. An annuity that pays $1,000 at the end of each year An annuity that pays $1,000 at the beginning of each...
3. Find the present value of an annuity-due with payments of $1,800 every 6 months for 8 years at a nominal rate of interest of 5% per annum compounded semian- nually. Answer: $24,086.48
8. Present value of annuities and annuity payments The present value of an annuity is the sum of the discounted value of all future cash flows You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the areatest present value (pV)? Assume that all annuities earn the same positive interest rate. O An annuity that pays $1,000 at the end of each year O An annuity that pays $1,000 at the beginning of each...
Problem #4: A perpetuity pays $3900 at the end of every month for 11 months of each year. At the end of the 12th month of each year, it pays double that amount. If the effective ANNUAL rate is 10.5%, what is the present value of this perpetual annuity? Problem #4: Answer correct to 2 decimals.
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
7. Present value of annuities and annuity payments Aa Aa The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. An annuity that pays $1,000 at the end of each year An annuity that pays $1,000 at the beginning of each...
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