Question
In: Finance
Calculate the present worth of 15 uniform payments of $6,600 that begin 1 year from now...
Calculate the present worth of 15 uniform payments of $6,600 that begin 1 year from now at an interest rate of 14% per year.
The present worth is $???
Solutions
Expert Solution
Solution :
The present worth of 15 uniform payments of $6,600 that begin 1 year from now at an interest rate of 14% per year is = $ 40,538.3087
= $ 40,538.31 ( when rounded off to two decimal places )
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.
jeff jeffy answered 2 years agoRelated Solutions
Calculate the present worth of 11 uniform payments of $9,000 that begin 1 year from now...
Calculate the present worth of 11 uniform payments of $9,000
that begin 1 year from now at an interest rate of 8% per year.
The present worth is $ .
A four-year annuity of eight $6,600 semiannual payments will begin nine years from now, with the...
A four-year annuity of eight $6,600 semiannual payments will
begin nine years from now, with the first payment coming 9.5 years
from now. (Do not round intermediate calculations. Round
the final answers to 2 decimal places. Omit $ sign
in your response.)
If the discount rate is 10 percent compounded monthly, what is
the value of this annuity five years from now?
Value of the annuity
$
If the discount rate is 10 percent compounded monthly, what is
the...
A 15-year annuity of thirty $8,000 semiannual payments will begin 11 years from now, with the...
A 15-year annuity of thirty $8,000 semiannual payments will
begin 11 years from now, with the first payment coming 11.5 years
from now. a. If the discount rate is 12 percent compounded monthly,
what is the value of this annuity 8 years from now? b. What is the
current value of the annuity?
A 20-year annuity of forty $5,000 semiannual payments will begin 11 years from now, with the...
A 20-year annuity of forty $5,000 semiannual payments will begin
11 years from now, with the first payment coming 11.5 years from
now.
a. If the discount rate is 11 percent compounded monthly, what
is the value of this annuity 5 years from now?
b. What is the current value of the annuity?
A 20-year annuity of forty $6,000 semiannual payments will begin 9 years from now, with the...
A 20-year annuity of forty $6,000 semiannual payments will begin
9 years from now, with the first payment coming 9.5 years from now.
Required : (a) If the discount rate is 13 percent compounded
monthly, what is the value of this annuity 5 years from now? (Click
to select) (b) What is the current value of the annuity? (Click to
select)
A 10-year annuity of 20 $8,900 semiannual payments will begin 11 years from now, with the...
A 10-year annuity of 20 $8,900 semiannual payments will begin 11
years from now, with the first payment coming 11.5 years from now.
If the discount rate is 8 percent compounded semiannually, what is
the value of this annuity ten years and eight years from now? (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.) What is the value of the annuity
today?
A 20-year annuity of forty $7,000 semiannual payments will begin 11 years from now, with the...
A 20-year annuity of forty $7,000 semiannual payments will begin
11 years from now, with the first payment coming 11.5 years from
now.
Required :
(a)
If the discount
rate is 7 percent compounded monthly, what is the value of this
annuity 6 years from now?
(b)
What is the
current value of the annuity?
A 20-year annuity of forty $7,000 semiannual payments will begin 11 years from now, with the...
A 20-year annuity of forty $7,000 semiannual payments will begin
11 years from now, with the first payment coming 11.5 years from
now.
Required :
(a)
If the discount
rate is 7 percent compounded monthly, what is the value of this
annuity 6 years from now?
(b)
What is the
current value of the annuity?
A 6-year annuity of twelve $6,185 semiannual payments will begin 11 years from now, with the...
A 6-year annuity of twelve $6,185 semiannual payments will begin
11 years from now, with the first payment coming 11.5 years from
now. If the discount rate is 9 percent compounded monthly, what is
the value of this annuity five years from now? (Do not round
intermediate calculations and round your answer to 2 decimal
places, e.g., 32.16.) Value of the annuity $ If the discount rate
is 9 percent compounded monthly, what is the value three years from
now?...
A 9-year annuity of 18 $8,800 semiannual payments will begin 10.5 years from now, with the...
A 9-year annuity of 18 $8,800 semiannual payments will begin
10.5 years from now, with the first payment coming 11 years from
now. If the discount rate is 12 percent compounded semiannually,
what is the value of this annuity nine years and seven years from
now? (Do not round intermediate calculations and round your answers
to 2 decimal places, e.g., 32.16.) Value of the annuity Nine years
$ Seven years $ What is the value of the annuity today? (Do...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What is your opinion on the use of AI technology? Is it necessary or is it...
- For this problem, carry at least four digits after the decimal in your calculations. Answers may...
- Why is it okay to speculate on Currency?
- What is the budgeting cycle and master budget? Why should companies use a master budget?
- please i need to have good answers and easy to understand This exercise refers to the...
- (1 point) Find y as a function of t if y′′+25y=0, y(0)=4,y′(0)=6. y= ?
- What are the six steps of hypothesis testing? What does it mean if we reject the...
ADVERTISEMENT