Find the lump sum deposited today that will yield the same total amount as payments of...

Find the lump sum deposited today that will yield the same total amount as payments of 11,000 at the end of each year for 13 years, at an interest rate of 4% compounded annually.

Solutions

Expert Solution

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

What lump sum deposited today at 12% compounded quarterly for 10 years will yield the same...

What lump sum deposited today at 12% compounded quarterly for 10 years will yield the same final amount as deposits of $3000 at the end of each 6-month period for 10 years at 10% compounded semiannually? The value of the lump sum is $___

What sum deposited today at 6% compounded annually for 12 years will provide the same amount...

What sum deposited today at 6% compounded annually for 12 years will provide the same amount as $1300 deposited at the end of each year for 12 years at 8% compounded annually? 1.What sum would have to be deposited today at 6% interest compounded annually? Round to the nearest cent

At approximately what rate would you have to invest a lump-sum amount today if you need...

At approximately what rate would you have to invest a lump-sum amount today if you need the amount to double in 27 months? Assume interest is compounded annually. Select one: a. 20% b. 12% c. 36% d. Not enough information is provided to answer the question. e. 24%

What lump sum of money must be deposited into a bank account at the present time...

What lump sum of money must be deposited into a bank account at the present time so that $550 per month can be withdrawn for four years, with the first withdrawal scheduled for five years from today? The interest rate is 3/4% per month. (Hint: Monthly withdrawals begin at the end of the month 60.)

What lump some of money deposited today will grow to a future value of $9,280 at...

What lump some of money deposited today will grow to a future value of $9,280 at 9 3/4% compounded monthly for 2 1/2 years? Please show work.

Find the amount needed to deposit into an account today that will yield a typical pension...

Find the amount needed to deposit into an account today that will yield a typical pension payment of $35,000 at the end of each of the next 30 years for the given annual interest rate. (Round your answer to the nearest cent.) 7.7% $_______

An amount of $14,000.00 is deposited into an account today, it is expected to increase to...

An amount of $14,000.00 is deposited into an account today, it is expected to increase to a maturity value of $18,152.83 in 8.5 years from now. What is the nominal interest rate compounded monthly? Round the answer to two decimal places.

1. What is the value to you today a $50,000 lump-sum that you will receive in...

1. What is the value to you today a $50,000 lump-sum that you will receive in 5 years if you could invest your money at 6% compounding monthly? (rate is on annualized bases) 2. You invest $5,000 today with the expectation that this investment will return $100 monthly for the next 5 years. What is your expected annual rate of return?

A deferred annuity is purchased with a lump sum amount of $308,273.17. Suppose money is worth...

A deferred annuity is purchased with a lump sum amount of $308,273.17. Suppose money is worth 5% compounded quarterly, and 13 years after the 5 year deferral period, the account is empty. Use this information to compute how much the annuity will pay per quarter after the deferral period.

Which one of the following will increase the present value of a lump sum future amount?...

Which one of the following will increase the present value of a lump sum future amount? Assume the interest rate is a positive value and all interest is reinvested. A. Increase time period B. None of these C.Increase in interest rate D. Decrease in time period Double checking, I believe answer is C.?

Subjects