Homework Answers
Amount = $ 1,500
Interest rate, i = 9% per annum compounded monthly
Effective rate, r = (1+3×0.09/12)3 - 1 = 0.02266917
Rate = 2.266917% per quarter
Time, n = 8 years = 8 × 4 = 32 quarters
The present worth of the given cash flow stream can be written as
PW = 1,500(P/A,2.266917%, 32)
PW = 1,500 × 22.58301
PW = $ 33,874.53
Please contact if having any query will be obliged to you for your generous support. Your help mean a lot to me, please help. Thank you.
Add Answer to:
2. What is the present worth of a series of equal end-of-quarter payments of $1,500 if the series extends over a...
2. What is the present worth of a series of equal end-of-quarter payments of $1,500 if the series extends over a pe...
2. What is the present worth of a series of equal end-of-quarter payments of $1,500 if the series extends over a period of eight years at 9% interest compounded monthly? (15 points) You are not required to calculate the final answer for this question. You will get full credits with the case number (I/II/III), the complete first three steps, and the last step with the factor equation (in last step clearly showing which factor, what the interest rate is, and...
What is an annuity? Select one: a. present worth of a series of equal payments. b....
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 r...
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
A series of equal quarterly payments of $5000 for 12 years is equivalent to what present amount an interest rate of 9% c...
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
1. (a) What is the present worth of $10,000 payments made each year at a nominal...
1. (a) What is the present worth of $10,000 payments made each year at a nominal interest rate of 6%, compounded semi-annually (i.e., twice per year)? (10 points) i. For a period of 50 years? (2 points) ii. In perpetuity? (2 points) (b) What is the present worth of $10,000 payments made biannually i.e., every two years) at a nominal interest rate of 6%? a) For a period of 50 years? (2 points) b) in perpetuity (2 points)
1. (a) What is the present worth of $10,000 payments made each year at a nominal...
1. (a) What is the present worth of $10,000 payments made each year at a nominal interest rate of 6%, compounded semi-annually (i.e., twice per year)? (10 points) i. For a period of 50 years? (2 points) ii. In perpetuity? (2 points)
only answer b,c,d thanks . What equal-payment series is required to repay the following present amounts?...
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 the present value of the following series of payments: $112 made at the end...
What is the present value of the following series of payments: $112 made at the end of every year starting in year 1 and ending in year 19 EXCEPT there will be no payment of any kind at the end of year 14? The interest is 4.9% annual rate compounded annually.
Question 1 If you know the future value or worth of something and would like to...
Question 1 If you know the future value or worth of something and would like to know what its present value or worth is, which interest factor could you use? Present worth factor for a uniform series Capital recovery factor Present worth factor for a single payment Compound amount factor Question 2 If you are given a series of payments into the future and want to know their present value or worth, what is the best interest factor to use?...
Problem 2-39 (book/static) What equal annual payment series is required to repay the following present amounts?...
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...
2. What is the present worth of a series of equal end-of-quarter payments of $1,500 if the series extends over a period of eight years at 9% interest compounded monthly? (15 points) You are not required to calculate the final answer for this question. You will get full credits with the case number (I/II/III), the complete first three steps, and the last step with the factor equation (in last step clearly showing which factor, what the interest rate is, and...
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
1. (a) What is the present worth of $10,000 payments made each year at a nominal interest rate of 6%, compounded semi-annually (i.e., twice per year)? (10 points) i. For a period of 50 years? (2 points) ii. In perpetuity? (2 points) (b) What is the present worth of $10,000 payments made biannually i.e., every two years) at a nominal interest rate of 6%? a) For a period of 50 years? (2 points) b) in perpetuity (2 points)
1. (a) What is the present worth of $10,000 payments made each year at a nominal interest rate of 6%, compounded semi-annually (i.e., twice per year)? (10 points) i. For a period of 50 years? (2 points) ii. In perpetuity? (2 points)
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.
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...
Most questions answered within 3 hours.
-
A 2.0 μF parallel-plate air-filled capacitor is connected
across a 10 V battery.
(a) Determine the...
asked 30 seconds from now -
ECO
2013 &
asked 3 minutes ago -
Insight refers to:
a.
Adaptive decision-making
b.
Credibility and trustworthness
c.
Understanding of one's problems
d....
asked 9 minutes ago -
Explain the differences between rights and permissions within
Windows. Define the principle of least privilege and...
asked 17 minutes ago -
A solid, frictionless cylindrical reel of mass M=5.00kg and
radius R=0.55m is used to draw water...
asked 19 minutes ago -
how do radio waves get emitted from Jupiter?
- do they come from radiation from planet...
asked 20 minutes ago -
The test statistic used in the F test for the equality of two
variances is calculated...
asked 31 minutes ago -
How does neutralisation of IL-6 trans-signaling affect the
autoimmune disease and inflammation? What if the trans-signaling...
asked 22 minutes ago -
f an allele is 'fixed' in a population, what is its
frequency?
0.50
0.75
0.25
0...
asked 36 minutes ago -
Do we have a duty of national loyalty in business? What is the
major argument in...
asked 36 minutes ago -
compare the international treatment of segment reporting to the
us gaap treatment
asked 32 minutes ago -
A statistics student finds herself struggling with a newspaper
article stating that only eighteen percent of...
asked 1 hour ago