Question

What is the present value of $37,300 to be received in 15 years; i = 6%. Present values 15563 What is the present value of a 10-year annuity of $2,900 per year; i = 4%. Present value 23521.60 What is the present value of a 7-year annuity of $4,800 with the first payment to be received 5 years from now; i = 6%. (Round answer to decimal places, e.g. 5,275.) Present value si What will be your annual payment if you take now a loan of $134,000 with annual equal repayments over the next 9 years? i = 6%. Annual payment You take out a loan in the amount of $232,000 with annual equal repayments over the next 20 years. What is the balance of the loan after the 5th payment? i = 6%. Balance of the loan

Answer 1

IP = $4,800 7 is 61 0.06 PU of yead annuity with first payment to be received now years from X P النيل) (Itija i liti Х 4800 f ( (1.063 41:0617_1 0.06 (1-06) 0.79 21 X 4800 X 5.5824 $ 21,224.49 Present value $ 21,224

0.06 PV of q- year annuity = Loan amount = $_134.000 number of period years is peridic date of interest 69% P = annual repayment at the end of year platina i Httiva PV of annuity 1 ܝ 136.000 그 P I (1.0619 0.06 (1.06.) 134.000 It рх 6.2017 P 134,000 6-8017 $ 19,700.98 Annual payment $ 19.200.98

PU Of Ro-yeal_annuity - Loan amount = $ 232.000 = 20 is Gift = 0.06 P = annual equal repayment at the end of year Rx of annuity Platin fe i alti) ܝܪ 232,000 pf (1.06) 0 - 1 0:06 (1.06.)2 20 232,000 р Х. 11.4699 P = 232,000 1.4699 $ 20,226.82 for balance loan after 5th payment - P na ia 20,226-82 20- 5 = is 614 0.06 Balance loan PU of annuity pf (li) ".n] F 20,226,82 [21:06,15. 0.06 (1:06) is 20,226.82 x 9,4122 $ 196,447.91 [Balance of the loan . $196,447.91