Homework Answers
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What is the present value of 20 annual payments of $248 discounted at 4.9 percent? Do...
What is the present value of a security that will pay $44,000 in 20 years if...
What is the present value of a security that will pay $44,000 in 20 years if securities of equal risk pay 12% annually? Do not round intermediate calculations. Round your answer to the nearest cent. $ -4561.34 2)You need $11,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like you to make annual payments for 6 years, with the first payment to be made one year from...
A)What is the present value of a security that will pay $47,000 in 20 years if...
A)What is the present value of a security that will pay $47,000 in 20 years if securities of equal risk pay 8% annually? Do not round intermediate calculations. Round your answer to the nearest cent. B)Your parents will retire in 28 years. They currently have $210,000 saved, and they think they will need $1,300,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal...
What is the discounted value of payments of $100.00 made at the end of every three...
What is the discounted value of payments of $100.00 made at the end of every three months for 3.5 years if interest is 9% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) sd 5 (2 Cha ster! ment Enter your answer in the answer box
A)What is the present value of a security that will pay $45,000 in 20 years if...
A)What is the present value of a security that will pay $45,000 in 20 years if securities of equal risk pay 6% annually? Do not round intermediate calculations. Round your answer to the nearest cent. B)if you deposit $7,000 in a bank account that pays 5% interest annually, how much will be in your account after 5 years? Do not round intermediate calculations. Round your answer to the nearest cent. C)Your parents will retire in 24 years. They currently have...
What is the discounted value of payments of $78.00 made at the end of each year...
What is the discounted value of payments of $78.00 made at the end of each year for 10 years if interest is 8% compounded annually? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the present value of a $500 perpetuity if the interest rate is 6%? If...
What is the present value of a $500 perpetuity if the interest rate is 6%? If interest rates doubled to 12%, what would its present value be? Round your answers to the nearest cent. Present value at 6%: $ Present value at 12%: $ You borrow $85,000; the annual loan payments are $11,339.91 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. You have saved $5,000 for a down payment on...
Find the present value of $700 due in the future under each of these conditions: 7%...
Find the present value of $700 due in the future under each of these conditions: 7% nominal rate, semiannual compounding, discounted back 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. 7% nominal rate, quarterly compounding, discounted back 10 years. Do not round intermediate calculations. Round your answer to the nearest cent. 7% nominal rate, monthly compounding, discounted back 1 year. Do not round intermediate calculations. Round your answer to the nearest cent. Why do...
What is the present value of the following?
What is the present value of the following? a. A $500 perpetuity discounted back to the present at 15 percent b. A $4,000 perpetuity discounted back to the present at 19 percent c. A $100 perpetuity discounted back to the present at 16 percent d. A $75 perpetuity discounted back to the present at 12 percent a. What is the present value of a $500 perpetuity discounted back to the present at 15 percent? (Round to the nearest cent.) b. What is the present value of...
Problem 5-22 (similar to) (Present value of an annuity) What is the present value of the...
Problem 5-22 (similar to) (Present value of an annuity) What is the present value of the following annuities? a. $1,600 a year for 8 years discounted back to the present at 10 percent. b. $80 a year for 5 years discounted back to the present at 7 percent. c. $260 a year for 11 years discounted back to the present at 12 percent d. $440 a year for 4 years discounted back to the present at 5 percent. a. What...
Given a 8 percent interest rate, compute the present value of payments made at the end...
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 discounted value of payments of $100.00 made at the end of every three months for 3.5 years if interest is 9% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) sd 5 (2 Cha ster! ment Enter your answer in the answer box
What is the discounted value of payments of $78.00 made at the end of each year for 10 years if interest is 8% compounded annually? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What is the present value of a $500 perpetuity if the interest rate is 6%? If interest rates doubled to 12%, what would its present value be? Round your answers to the nearest cent. Present value at 6%: $ Present value at 12%: $ You borrow $85,000; the annual loan payments are $11,339.91 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. You have saved $5,000 for a down payment on...
Problem 5-22 (similar to) (Present value of an annuity) What is the present value of the following annuities? a. $1,600 a year for 8 years discounted back to the present at 10 percent. b. $80 a year for 5 years discounted back to the present at 7 percent. c. $260 a year for 11 years discounted back to the present at 12 percent d. $440 a year for 4 years discounted back to the present at 5 percent. a. What...
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