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.29 What is the equal payment series for 12 years that is equivalent to a payment...
b) What is the equal payment series for 10 years that is equivalent to a payment series of $18,000 at the end of the first year, decreasing by $1,500 each year over 10 years? Interest is 9% compounded annually.
What is the equal payment series for 6 years (the first payment is given at the end of year 1) that is equivalent to a single payment of $20,000 made at the end of the third year. (use i = 10 % compounded quarterly).
Problem 2-39 (book/static) What equal annual payment series is required to repay the following present amounts? (a) $15,000 in six years at 3.5% interest compounded annually (b) $7,500 in seven years at 7.5% interest compounded annually (c) $2,500 in five years at 5.25% interest compounded annually (d) $12,000 in 15 years at 6.25% interest compounded annually (a) The annual payment is S. (Round to the nearest dollar.) Enter your answer in the answer box and then click Check Answer equipment...
A series of equal quarterly payments of $5000 for 12 years is equivalent to what present amount an interest rate of 9% compounded a) Quarterly? b) Monthly? c) Continuously? Please explain
3.22 What equal annual payment series is required to repay the following present amounts? (a) $10,000 in 5 years at 5% interest compounded annually (b) $5500 in 4 years at 9.7% interest compounded anngally (e) $8500 in 3 years at 2.5% interest compounded andually (d) $30,000 in 20 years at 8,5% interest compounded annually
only answer b,c,d thanks . What equal-payment series is required to repay the following present amounts? a. $10,000 in 4 years at 10% interest compounded annually with 4 annual payments. b. $5,000 in 3 years at 12% interest compounded semiannually with 6 semiannual payments. c. $6,000 in 5 years at 8% interest compounded quarterly with 20 quarterly payments. d. $80,000 in 30 years at 9% interest compounded monthly with 360 monthly payments.
What is an annuity? Select one: a. present worth of a series of equal payments. b. a single payment. c. a series of payments that changes by a constant amount from one period to the next. d. a series of equal payments over a sequence of equal periods. e. a series of payments that changes by the same proportion from one period to the next. Question 2 The present worth factor Select one: a. gives the future value equivalent to...
A series of equal quarterly payments of $10,000 for 15 years is equivalent to what future worth amount at an interest rate of 9% compounded at the given intervals? (a) Quarterly (b) Monthly A series of equal quarterly payments of $10,000 for 15 years is equivalent to what future worth amount at an interest rate of 9% compounded at the given intervals? (a) Quarterly (b) Monthly
What is the equivalent present amount of an eight-year series of decreasing amounts if the interest rate is 12% compounded annually, the first year amount is $35,000, and the rate of decrease is $1050 per year? I was giving this example but I dont know how to get $93875.03, I did 20000 - 800(3.0045)(5.3349)= 7177.03, what am I doing wrong? 2-29 na Base Amout AT 20,000 -ve 800 ACPIAI A-G CA16i,n)) (eLAi,n)| (A1,0)(P1 800 20,000 3-0 045 S-33 49 93,875-03
engnieering economy Note: Show all of your work to arrive at a final result and for full credit. 1) If a person places $10,000 in an account that pays 10% compounded annually, how much money will be in the account after 10 years? 2) Three years ago a person borrowed $15,000 at an interest rate of 10% compounded annually and agreed to pay it back in equal payments over an 8 year period. This same person now wants to pay...