Question

In: Finance

) What is the present value of an ordinary 12-year annuity that pays $1,000 per year...

) What is the present value of an ordinary 12-year annuity that pays $1,000 per year when the interest rate is 7%? a. $7,942.70 b. $8,942.71 c. $9,942.72 d. $10,942.56 e. None of the above.

Solutions

Expert Solution

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

What is the present value of an ordinary annuity that pays $550 per year for 14...
What is the present value of an ordinary annuity that pays $550 per year for 14 years at 3%? Assume annual compounding $4,461 $6,213 $364 $7,700 $832
g) What is the present value of an ordinary annuity of $1,000 per year for 7...
g) What is the present value of an ordinary annuity of $1,000 per year for 7 years discounted back to the present at 10 percent? What would be the present value if it were an annuity due? h) What is the future value of an ordinary annuity of $1,000 per year for 7 years compounded at 10 percent? What would be the future value if it were an annuity due? i) You have just borrowed $100,000, and you agree to...
An ordinary annuity that pays $300 per year has a present value of $21,000. Assuming a...
An ordinary annuity that pays $300 per year has a present value of $21,000. Assuming a cost of capital of 6%, how much would this value change if it were an annuity due? Round your answer to 2 decimal places. You need a new car and are considering leasing versus buying. Lease Option: You could lease the car for 6 years starting today for $6,000 per year with the first payment being due at the end of year 1. Purchase...
What is the future value of a five-year ordinary annuity of $1,000 per year if the...
What is the future value of a five-year ordinary annuity of $1,000 per year if the interest rate is 1.28%? Hint: solve for year 5.
what is the present value of an annuity that pays $680 per year for 13 years...
what is the present value of an annuity that pays $680 per year for 13 years given an interest rate of 4.35% p.a.?
What is the present value of an annuity that pays $8,500 per year for 13 years...
What is the present value of an annuity that pays $8,500 per year for 13 years with a 8% interest rate with the first payment TODAY. Please show how to calculate in excel!
What is the present value of an annuity that pays $6,500 per year for 9 years...
What is the present value of an annuity that pays $6,500 per year for 9 years with a 11% interest rate with the first payment TODAY.
What is the present value of an ordinary annuity that pays $300 every six months for...
What is the present value of an ordinary annuity that pays $300 every six months for four years if the discount rate is 5.6% per year? Question 5 options: A) $1,994.34 B) $2,109.56 C) $2,123.79 D) $2,098.25 E) $2,281.41
Find the Future Value of an ordinary annuity that pays $600 per year for 5 years...
Find the Future Value of an ordinary annuity that pays $600 per year for 5 years at 4%. Compounding occurs once a year. $2,187.31 $3,249.79 $729.99 $2,671.10 $2,586.08
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional...
What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,750 at the end of Year 4 if the interest rate is 5%?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT