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A 10-year annuity pays $3,100 per month, and payments are made at the end of each month. The interest rate is 10 percent compounded monthly for the first five years, and 8 percent compounded monthly thereafter. What is the present value of the annuity?
A 19-year annuity pays $1,300 per month, and payments are made at the end of each month. The interest rate is 11 percent compounded monthly for the first Five years and 10 percent compounded monthly thereafter. Required: What is the present value of the annuity? rev: 09_17_2012 $177,098.00 $125,088.20 $130,193.84 $1,531,692.22 $127,641.02
A 16-year annuity pays $1,300 per month, and payments are made at the end of each month. The interest rate is 13 percent compounded monthly for the first six years and 12 percent compounded monthly thereafter. What is the present value of the annuity?
A 15-year annuity pays $2,000 per month, and payments are made at the end of each month. The interest rate is 11 percent compounded monthly for the first Six years and 9 percent compounded monthly thereafter. Required: What is the present value of the annuity? $181,632.49 $185,265.14 $2,179,589.93 $177,999.84 $252,753.46 <This was wrong
Given a 8 percent interest rate, compute the present value of payments made at the end of years 1, 2, 3, and 4 of $2,906, $1,854, $1,050, and $2,317, respectively. (Do not round intermediate calculations and round your final answer to the nearest dollar.)
What is the equivalent AW of a two-year contract that pays $5,000 at the beginning of the first month and increases by $400 for each month thereafter? MARR=6% compounded monthly.The AW is closest to:a) $117,242b) $117,552c) $55,842d) $64,459e) $152,321
9. A 15-year annuity pays $1,500 per month, and payments are made at the end of each month. If the interest rate is 13% compounded monthly for the first seven years, and 10% compounded monthly thereafter, what is the present value of the annuity? (16 Marks)
What is the present value of $4000 per year annuity for 8 years at an interest rate of 6%(please round to nearest whole number)
First, the bond pays 113+6t per year for 10 years. Second, the interest rate is 8% compounded continuously. Round your answer to the nearest cent
Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,350, $1,550, $1,550, and $1,850, respectively. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value
An annuity pays $11.00 per year for 103 years. What is the present value (PV) of this annuity given that the discount rate is 5%? O A. $262.26 O B. $218.55 O c. $305.97 OD. $131.13