1. If you put up $27,000 today in exchange for a 7.75 percent,
11-year annuity, what will the annual cash flow be?
2. You want to have $63,000 in your savings account 8 years from
now, and you're prepared to make equal annual deposits into the
account at the end of each year. If the account pays 7.7 percent
interest, what amount must you deposit each year?
3. Prescott Bank offers you a $35,000, 8-year term loan at 10
percent...
If you put up $32,000 today in exchange for a 8.6 percent,
11-year annuity, what will the annual cash flow be? (Do not
include the dollar sign ($). Enter rounded answer
as directed, but do not use the rounded numbers in intermediate
calculations. Round your answer to 2 decimal
places (e.g., 32.16).)
11. If you put $100 in the bank today, at 8 percent
compound interest per year, how much
interest will you have earned at the end
of 5 years?
Group of answer choices
a. $8
b. $23.47
c. $32.48
d. $46.93
1.)An annuity pays $7800 each year. It cost $58200 today. The
interest rate is 4 percent. How many years is the annuity?
2.)An annuity pays $100 each year. It is worth $507.57 today.
The annual interest rate is 5 percent. How many years is the
annuity?
3.)
Corp has a new
manager. The compensation agreement calls for a single payment of
$25,200,000 be paid after the first 9 years of work. Corp wants to
invest an equal amount each year...
You are considering an annuity which costs $100,000 today. The
annuity pays $6,000 a year at the Beginning of each year. The rate
of return is 4.5 percent. How many years of annuity payments will
you receive?
A. 24.96 years
B. 29.48 years
C. 28.73 years
D. 33.08 years
E. 38.00 years
On January 1 of this year, Bochini Corporation sold a $10 million, 8.25 percent bond issue. The bonds were also dated January 1, had a yield of 8 percent, pay interest each December 31, and mature 10 years from the date of issue. Prepare the journal entry to record the interest payment on December 31 of this year. Use effective-interest amortization and a premium account. Round time value factor to 4 decimal places. Enter your answers in dollars not in...
You put up $60 at the beginning of the year for an investment.
The value of the investment grows TO $62.4 and you earn a dividend
of $3.50. Your HPR was ____, capital gains yield was ____ and
dividend yield was _____. A.5.83%, 4%, 1.83%B.11%, 5%, 6%C.4%, 3%, 1%D.9.83%, 4%, 5.83%E.1.83%, 1%, 0.83%