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Check my worl Calculate the present value of the following: a-1. Annual payment of $1,150 for...
Calculate the present value of the following: a-1. Annual payment of $775 for 10 years at...
Calculate the present value of the following: a-1. Annual payment of $775 for 10 years at 4% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present Value: a-2. Annual payment of $575 for 15 years at 4% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present Value: a-3. Which option would you prefer? $775 a year for 10 years $575 a year for 15 years b-1. Annual payment of $775...
Calculate the present value of the following: a-1. Annual payment of $1,125 for 12 years at...
Calculate the present value of the following: a-1. Annual payment of $1,125 for 12 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Presents 789.05 value a-2. Annual payment of $925 for 17 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 559.64 a-3. Which option would you prefer? $1,125 a year for 12 years $925 a year for 17 years b-1. Annual...
Saved Help Save & Exit Subn Check my work 9 Problem 5-21 Annuities (LO3) Calculate the...
Saved Help Save & Exit Subn Check my work 9 Problem 5-21 Annuities (LO3) Calculate the present value of the following o-1. Annual payment of $975 for 12 years at 3% interest (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10 polnts eBook Present value 683 85 6-2. Annual payment of S775 for 17 years at 3% interest (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value a-3. Which option would...
what the present value of a $900 annuity payment over five years if interest rates are...
what the present value of a $900 annuity payment over five years if
interest rates are 8 percent (Do not round intermediate
calculations and round your final answer to 2 decimal places
(1 x connect.mheducation.com/flow/connect.html diting Business Dash Board Amazin.. RESPONSE MAGIC BRUNETTE MARKE SKATEBASE ork Problem Set (10 Questi... Saved Help Save & Exit Submi Cipboard Font Styles A1 A B C D E G H What annual rate of return is eaned on a $5,000 investment when it...
Compute the present value of $1,150 paid in three years using the following discount rates: 6...
Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
1. Suppose that you will receive annual payments of $20,000 for a period of 10 years....
1. Suppose that you will receive annual payments of $20,000 for a period of 10 years. The first payment will be made 5 years from now. If the interest rate is 5%, what is the present value of this stream of payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 2. The $47.5 million lottery payment that you have just won actually pays $1.9 million per year for 25 years. The interest rate is 10%. a....
1. What is the present value of a $1,200 payment made in five years when the...
1. What is the present value of a $1,200 payment made in five years when the discount rate is 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 2. What is the future value of a $1,000 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3. What's the present value of a $930 annuity payment over five years...
1. What is the present value of a $1,200 payment made in five years when the...
1. What is the present value of a $1,200 payment made in five years when the discount rate is 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 2. What is the future value of a $1,000 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3. What's the present value of a $930 annuity payment over five years...
For each of the following, compute the present value: (Do not round Intermediate calculations and round...
For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 14 Interest Rate Future value 8 %$ 14,551 14 42,557 15 877,073 8 541,164 5 30 35 l a. At 6.9 percent Interest, how long does it take to double your money? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.At 6.9 percent Interest, how long...
Compute the future value in year 9 of a $3,900 deposit in year 1, and another...
Compute the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future valueWhat is the future value of a $990 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value"What...
Calculate the present value of the following: a-1. Annual payment of $1,125 for 12 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Presents 789.05 value a-2. Annual payment of $925 for 17 years at 3% interest. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value $ 559.64 a-3. Which option would you prefer? $1,125 a year for 12 years $925 a year for 17 years b-1. Annual...
Saved Help Save & Exit Subn Check my work 9 Problem 5-21 Annuities (LO3) Calculate the present value of the following o-1. Annual payment of $975 for 12 years at 3% interest (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10 polnts eBook Present value 683 85 6-2. Annual payment of S775 for 17 years at 3% interest (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value a-3. Which option would...
what the present value of a $900 annuity payment over five years if
interest rates are 8 percent (Do not round intermediate
calculations and round your final answer to 2 decimal places
(1 x connect.mheducation.com/flow/connect.html diting Business Dash Board Amazin.. RESPONSE MAGIC BRUNETTE MARKE SKATEBASE ork Problem Set (10 Questi... Saved Help Save & Exit Submi Cipboard Font Styles A1 A B C D E G H What annual rate of return is eaned on a $5,000 investment when it...
For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 14 Interest Rate Future value 8 %$ 14,551 14 42,557 15 877,073 8 541,164 5 30 35 l a. At 6.9 percent Interest, how long does it take to double your money? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.At 6.9 percent Interest, how long...
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