The first of twelve semiannual payments of $2500 will be made 6 and a half years...
The first of twelve semiannual payments of $2500 will be made 6 and a half years from today. What is the present value of this deferred annuity using a discount rate of 7.5% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
| Present value | $ |
Homework Answers
Payment made after 66 months which is 13 semi annual duration.
Payment after 66 months = $2,500
Discount rate = 7.5% annually which is 3.75% semi annually
Present value = [Payment made / (1 + Semi annual rate of interest)"Semi annual duration] = [2,500 / (1 + 0.0375)"13] = 1,548.94
Add Answer to:
The first of twelve semiannual payments of $2500 will be made 6
and a half years...
The first of twelve semiannual payments of $2500 will be made 6.5 years from today. What...
The first of twelve semiannual payments of $2500 will be made 6.5 years from today. What is the present value of this deferred annuity using a discount rate of 7.5% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $
The first of ten semiannual payments of $2800 will be made 512512 years from today. What...
The first of ten semiannual payments of $2800 will be made 512512 years from today. What is the present value of this deferred annuity using a discount rate of 7.8% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
value: 10.00 points Payments of $1500 will be made at the end of every quarter for...
value: 10.00 points Payments of $1500 will be made at the end of every quarter for 13.5 years. a. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $ b. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's future value (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $
A five-year annuity of ten $5,900 semiannual payments will begin 9 years from now, with the...
A five-year annuity of ten $5,900 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. The discount rate is 8 percent compunded monthly. a. What is the value of this annuity five years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the value three years from now? (Do not round intermediate calculations and round your answer to 2 decimal places,...
Please explain how to do with a Business Calculator A 8-year annuity of 16 $9,300 semiannual...
Please explain how to do with a Business Calculator A 8-year annuity of 16 $9,300 semiannual payments will begin 10.5 years from now, with the first payment coming 11 years from now. Requirement 1: If the discount rate is 12 percent compounded semiannually, what is the value of this annuity eight years and six years from now? (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)...
value: 10.00 points An annuity consists of end-of-month payments of $150 continuing for 6.5 years. a....
value: 10.00 points An annuity consists of end-of-month payments of $150 continuing for 6.5 years. a. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value b. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's future value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value
A deferred annuity consists of an ordinary annuity paying $2100 semiannually for a 12-year term after...
A deferred annuity consists of an ordinary annuity paying $2100 semiannually for a 12-year term after a 6-year period of deferral. Calculate the deferred annuity’s present value using a discount rate of 4.1% compounded quarterly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $
A deferred annuity consists of an ordinary annuity paying $2700 semiannually for a 10-year term after...
A deferred annuity consists of an ordinary annuity paying $2700 semiannually for a 10-year term after a 5-year period of deferral. Calculate the deferred annuity’s present value using a discount rate of 4.7% compounded quarterly. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $
Compute the present values of the following annuities first assuming that payments are made on the...
Compute the present values of the following annuities first
assuming that payments are made on the last day of the period and
then assuming payments are made on the first day of the period: (Do
not round intermediate calculations. Round your answers to 2
decimal places. (e.g., 32.16))
Problem 2-27 (LG 2-9) Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on...
The interest rate for the first five years of an $100,000 mortgage loan is 9.4% compounded...
The interest rate for the first five years of an $100,000 mortgage loan is 9.4% compounded semiannually. Monthly payments are calculated using a 20-year amortization. a. What will be the principal balance at the end of the five-year term? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Principal balance $ b. What will be the monthly payments if the loan is renewed at 6.8% compounded semiannually (and the original amortization period is continued)?...
value: 10.00 points Payments of $1500 will be made at the end of every quarter for 13.5 years. a. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $ b. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's future value (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $
value: 10.00 points An annuity consists of end-of-month payments of $150 continuing for 6.5 years. a. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value b. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's future value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value
Compute the present values of the following annuities first
assuming that payments are made on the last day of the period and
then assuming payments are made on the first day of the period: (Do
not round intermediate calculations. Round your answers to 2
decimal places. (e.g., 32.16))
Problem 2-27 (LG 2-9) Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on...
Most questions answered within 3 hours.
-
Which of the following is a provision of
NAFTA?
A.
Common accounting rules
B.
Adding new...
asked 15 minutes ago -
Need to do in Python? Can do in Javascript but not in Python
Write a function...
asked 30 minutes ago -
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 1 hour ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 3 hours ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 5 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 6 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 7 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 8 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 7 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 8 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 9 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 9 hours ago